ENTREPRENEURIAL SELF-EFFICACY: LITERATURE REVIEW AND RESEARCH PROSPECT
Article Sidebar
Main Article Content
Abstract
Entrepreneurial self-efficacy is a deepening and expansion of the concept of “self-efficacy” in the field of entrepreneurship. Inspired by the theory of self-efficacy, research on entrepreneurial self-efficacy has rapidly developed in recent years, showing a strong research momentum. This article first explores its theoretical origins, definitions, and connotations, then systematically reviews the impact of entrepreneurial self-efficacy on entrepreneurial intentions and performance, as well as its measurement dimensions and influencing factors. Based on this, the theoretical gaps and areas that have not been fully addressed in previous research were also identified. The conclusion of the article points out several key areas for future research, including the issue of moderation of entrepreneurial self-efficacy, the unification and comparison of the measurement dimensions, and new influencing factors such as time, the psychological and physical conditions of entrepreneurs, government policies, and especially the impact and mechanisms of technology and digitization.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Chinese Journal of Social Science and Management Editorial Division
The Office of Research and Development, Panyapiwat Institute of Management
85/1 Moo 2, Chaengwattana Rd., Bang Talat, Pakkred, Nonthaburi 11120, Thailand
Tel. 02 855 01048 E-mail: cjssm@pim.ac.th
References
Anna , A. L., Chandler, G. N., Jansen, E., & Mero, N. P. (1999) .Women business owners in traditional and non-traditional industries. Journal of Business Venturing, 15, 279-303.
Bandura, A. (1977). Self-efficacy: Toward a unifying theory of behavioral change. Psychological Review, 84, 191-215.
Bandura, A. (1982). Self-efficacy mechanism in human agency. American Psychologist, 37(2), 122-147.
Bandura, A. (1997). Self-efficacy: The exercise of control. Freeman.
Baum, J. R., & Locke, E. A. (2004). The relationship of entrepreneurial traits, skill, and motivation to subsequent venture growth. Journal of Applied Psychology, 89(4), 587-598.
Bird, B. (1988). Implementing entrepreneurial ideas: The case for intention. Academy of Management Review, 13, 442-453.
Biyu, Z. (2015). Research on entrepreneurial learning, entrepreneurial self-efficacy, and college students’ entrepreneurial orientation [Master’s thesis]. Zhejiang University of Technology. [in Chinese]
Boyd, N. G., & Vozikis, G. S. (1994). The influence of self-efficacy on the development of entrepreneurial intentions and actions. Entrepreneurship: Theory and Practice, 18, 63-90.
Chen, C. C., Greene, P. G., & Crick, A. (1998). Does entrepreneurial self-efficacy distinguish entrepreneurs from managers? Journal of BusinessVenturing, 13, 295-316.
Chen, X., Liu, C., & Liu, Y. (2019). The effect of learning style on entrepreneurial self-efficacy: The moderating role of entrepreneurial intention. Sustainability, 11(19), 5326.
Chengyan, L. (2011). Exploring the mediating mechanism of entrepreneurial self-efficacy. Psychological Science, 34(4), 911-914. [in Chinese]
Christoph, W., & Jennifer, R. C. (2014). Chicken or egg: Entrepreneurial self-efficacy and entrepreneurial intentions revisited. Journal of Business & Entrepreneurship, (fall), (special), 37-62.
Dawei, L., & Guoan, L. (2013). Review of research progress on entrepreneurship self-efficacy. Psychological Research, (3), 57-62. [in Chinese]
DeNoble, A. F., Jung, D. I., & Ehrlich, S. B. (1999). Entrepreneurial self-efficacy: The development of a measure and its relationship to entrepreneurial action. P & R Publication Inc.
DeNoble, A. F., Jung, D. I., & Ehrlich, S. B. (1999). Frontiers of entrepreneuriship research. P & R Publication Inc.
Eden, D., & Zuk, Y. (1995). Seasickness as a self-fulfilling prophecy: Raising self-efficacy to boost performance at sea. Journal of Applied Psychology, 80, 628-635.
Elam, A. B. (2008). Genderand entrepreneurship: A multilevel theory and analysis. Edward Elgar.
Forbes, D. P. (2005). The effects of strategic decision making on entrepreneurial self-efficacy. Entrepreneurship: Theory and Practice, 2(9), 599-626.
Hmieleski, K. M., & Baron, R. A. (2009). Entrepreneurs’optimism and new venture performance: A social cognitive perspective. Academy of Management Journal, 52(3), 473-488.
Hmieleski, K. M., & Corbett, A. C. (2006). Proclivity for improvisation as a predictor of entrepreneurial intentions. Journal of Small Business Management, 44(1), 45-63.
Huang, S. (2014). Research on the impact of entrepreneurship education on college students’ entrepreneurship self-efficacy and entrepreneurship intention [Master’s thesis]. University of Electronic Technology.
Judge, T. A., Jackson, C. L., & Shaw, J. C. (2007). Self-efficacy and work-related performance: The integral role of individual differences. Journal of Applied Psychology, 92(1), 107-127.
Kickul, J. (2008). Are misalignments of perceptions and self-efficacy causing gender gaps inentrepreneurial intentions among our nations’ teens? Small Business and Enterprise Development, 15, 23-31.
Krueger, N. (1993). Impact of prior entrepreneurial exposure on perceptions of new venture feasibility and desirability. Entrepreneurship Theory and Practice, 18(1), 5-21.
Langowitz. N., & Minniti, M. (2007). The entrepreneurial propensity of women. Entrepreneurship Theory
& Practice, 31(3), 341-364．
Liu, H., & Li, Y. (2016). The impact of learning style on entrepreneurial self-efficacy: Empirical evidence from China. Journal of Entrepreneurship, Management and Innovation, 12(1), 5-24.
Luthans, F., & Iibrayeva, E. S. (2006). Entrepreneurial self-efficacy in central Asian transition economies: Quantitative and qualitative analyses. Journal of International Business Studies, 37(1), 92-110.
Luthans, F., & Youssef, C. M. (2004). Human, social, and now positive psychological capital management: Investing in people for competitive advantage. Organizational Dynamics, 33(2), 143-160.
Luthans, F., Stajkovic, A. D., & Ibrayeva, E. (1998). Environmental and psychological challenges facing entrepreneurial development in transitional economies. Journal of World Business, 35(1), 95-110.
Markman, G. D., & Baron, R. A. (2003). Person-entrepreneurship fit: Why some people are more successful as entrepreneurs than others. Human Resource Management Review, 13, 281-301.
Michell, R. K., Busenitz, L. W., & Bird, B. (2007). The central question in entrepreneurial cognition research. Entrepreneurship: Theory and Practice, 31(1), 1-27.
Minglei, D. (2008). Research on entrepreneurial self-efficacy and its relationship with entrepreneurialmotivation. Dissertation of Hebei University of Technology, 5, 22-66. [in Chinese]
Mueller, S. L., & Dato-On, M. C. (2008). Gender-role orientation as a determinant of entrepreneurial self-efficacy. Developmental Entrepreneurship, 13, 3-20.
Parker, S. C., Van Praag, C. M., & Witteloostuijn, A. V. (2010). Entrepreneurship and market processes: An interdisciplinary approach. Journal of Evolutionary Economics, 20(4), 579-600.
Scherer, R., Adams, J., Carley, S., & Wiebe, F. (1989). Role model performance effects on development of entrepreneurial career preference. Entrepreneurship Theory and Practice, 13, 53-81.
Urban, B., & Kitagawa, F. (2018). Social network influence on entrepreneurial self-efficacy and intentions: A meta-analytic review. Journal of Business Venturing Insights, 9, 49-60.
Wang, X., Liu, C., & Lu, Y. (2021). The impact of learning style on entrepreneurial self-efficacy: The moderating role of entrepreneurship education. Frontiers in Psychology, 12, 706610.
Wilson, F., Kickul, J., & Marlino, D. (2007). Gender, entrepreneurial self-efficacy, and entrepreneurial career intentions: Implications for entrepreneurship education. Entrepreneurship: Theory and Practice, 31(3), 387-406.
Yang, Z. L., & Guo, L. P. (2001). Research progress in cognitive style. Psychological Science, 24(3), 326-329
Yanzhao, T., & Yinxuan, Z. (2018). Research on the influence of creative personality on entrepreneurship intention of college students: Based on the mediation effect of entrepreneurship self efficacy. Higher Education Exploration, (4), 89-98.
Zhao, H., Seibert, S. E., & Hills, G. E. (2005). The mediating role of self-efficacy in the development of entrepreneurial intentions. Journal of Applied Psychology, 90(6), 1265-1272.
Zhao, K., Yang, L., & Cheng, G. (2020). The effect of learning style on entrepreneurial self-efficacy: The moderating role of entrepreneurial motivation. Journal of Small Business Management, 58(2), 275-292.
Zhao, N., Wang, Y., & Zheng, X. (2017). The effects of learning style and entrepreneurial experience on entrepreneurial self-efficacy. Journal of Small Business Management, 55(3), 392-409.
Zhong, M., Guo, Q., & Zhang, Y. (2018). Learning style, learning strategy and entrepreneurial self-efficacy: Empirical evidence from China. Journal of International Entrepreneurship, 16(4), 502-522.
Zimmerman, B. J., & Schunk, D. H. (2003). Educational psychology: A contribution over a century. Mahwa, Erlbaum.