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|Scopus||Web of Science®||Altmetric|
|Title:||A dynamic model of entrepreneurial uncertainty and business opportunity identification: Exploration as a mediator and entrepreneurial self-efficacy as a moderator|
|Citation:||Entrepreneurship Theory and Practice, 2018; 42(6):835-859|
|Antje Schmitt, Kathrin Rosing, Stephen X. Zhang, Michael Leatherbee|
|Abstract:||This study focuses on the identification of business opportunities when entrepreneurs’ perceived level of environmental uncertainty changes. We suggest that within persons, exploration mediates this relationship and entrepreneurial self-efficacy moderates whether entrepreneurs explore more or less with increasing uncertainty. To test our moderated mediation model we conducted a monthly field study with 121 early-stage entrepreneurs. Multilevel regression analyses reveal that an increase in the level of perceived uncertainty within entrepreneurs predicted the identification of opportunities through exploration for entrepreneurs high in self-efficacy, but not for those low in self-efficacy. Entrepreneurial self-efficacy acts as a personal resource that helps entrepreneurs to transform increasing perceptions of uncertainty into exploration and opportunity identification.|
|Keywords:||Entrepreneurship; uncertainty; business opportunity identification; exploration; entrepreneurial self-efficacy|
|Rights:||© The Author(s) 2017|
|Appears in Collections:||Economics publications|
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