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Type: Journal article
Title: A dynamic model of entrepreneurial uncertainty and business opportunity identification: Exploration as a mediator and entrepreneurial self-efficacy as a moderator
Author: Schmitt, A.
Rosing, K.
Zhang, S.
Leatherbee, M.
Citation: Entrepreneurship Theory and Practice, 2018; 42(6):835-859
Publisher: SAGE Publications
Issue Date: 2018
ISSN: 1042-2587
Statement of
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
RMID: 1000013824
DOI: 10.1177/1042258717721482
Appears in Collections:Economics publications

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