To start or not to start: Outcome and ability expectations in the decision to start a new venture

Townsend, David M.; Busenitz, Lowell W.; Arthurs, Jonathan D.

doi:10.1016/j.jbusvent.2008.05.003

Cited by 230 publications

(200 citation statements)

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“…Consistent with this view, entrepreneurial self-efficacy has been found to be predictive of progress in establishing an operational venture (Cassar and Friedman, 2009;Townsend, Busenitz and Arthurs, 2010).…”

Section: Self-efficacy Motivation and Nascent Entrepreneurs' Businesmentioning

confidence: 73%

“…In this way, our research contributes to a better understanding of contextual antecedents of start-up motivation and entrepreneurial self-efficacy. Past research demonstrates important consequences of these beliefs for entrepreneurial outcomes (venture emergence, venture growth, venture success, e.g., Baum and Locke, 2004;Cassar and Friedman, 2009;Townsend, Busenitz, and Arthurs, 2010;Rauch and Frese, 2007), yet, few studies investigate their antecedents.…”

Section: Introductionmentioning

confidence: 99%

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The influence of socio-cultural environments on the performance of nascent entrepreneurs: Community culture, motivation, self-efficacy and start-up success

Hopp

Stephan

2012

Entrepreneurship & Regional Development

181

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Mushroom Lane, Sheffield, S10 2TN, United Kingdom +44 (0)114.222 32 86 u.stephan@sheffield.ac.uk *Both authors contributed equally to this manuscript and are listed in alphabetical order. Acknowledgements:We thank Ian Macdonald and Tomasz Mickiewicz for valuable comments. All errors remain our own. AbstractThe importance of informal institutions and in particular culture for entrepreneurship is a subject of ongoing interest. Past research has mostly concentrated on cross-national comparisons, cultural values, and the direct effects of culture on entrepreneurial behavior, but in the main found inconsistent results. The present research adds a fresh perspective to this research stream by turning attention to community-level culture and cultural norms. We hypothesize indirect effects of cultural norms on venture emergence. Specifically that community-level cultural norms (performance-based culture and socially-supportive institutional norms) impact important supply-side variables (entrepreneurial self-efficacy and entrepreneurial motivation) which in turn influence nascent entrepreneurs' success in creating operational ventures (venture emergence). We test our predictions on a unique longitudinal data set tracking nascent entrepreneurs venture creation efforts over a 5 year time span and find evidence supporting them. Our research contributes to a more fine-grained understanding of how culture, in particular perceptions of community cultural norms, influences venture emergence. Based on these findings we discuss how venture creation efforts can be supported.Our research highlights the embeddedness of entrepreneurial behavior and its immediate antecedent beliefs in the local, community context.

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Section: Self-efficacy Motivation and Nascent Entrepreneurs' Businesmentioning

confidence: 73%

Section: Introductionmentioning

confidence: 99%

The influence of socio-cultural environments on the performance of nascent entrepreneurs: Community culture, motivation, self-efficacy and start-up success

Hopp

Stephan

2012

Entrepreneurship & Regional Development

181

View full text Add to dashboard Cite

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“…Also, Townsend, Busenitz, & Arthurs (2010), in their study, expressed great confidence that the people decided to launch their enterprise even with the high probability of failure of their enterprises.…”

Section: Comprehensive Models For Small and Medium Enterprisesmentioning

confidence: 98%

The Vital Factors for Small and Medium Sized Sport Enterprises Start-ups

Azimzadeh¹,

Pitts²,

Ehsani³

et al. 2013

ASS

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Nowadays, the new enterprises are recognized as the main source of job creation, innovation and development. In today's business world, new enterprises are recognized as an important source of job creation, innovation and development. Therefore, identifying influencing factors that play key roles in the start-up of Small and Medium Sized Enterprises (SMEs) is critical. Thus, the purpose of this study was to identify critical factors for starting-up Small and Medium sized Sport Enterprises (SMSEs) companies whose business is sport and developing a conceptual model that might be used by entrepreneurs in sport business. The methodology was qualitative. Interviews were conducted with 18 individuals, selected through purposive sampling, involved in sport-related SMEs. After a careful investigation of enterprise start-up models in the literature, and based on the results of experts interviews, an integrated approach was indicated as popular models were used by SMEs scholars. Then, a model was proposed in line with integration approach.The conceptual model is based on the integrative approach and shows that three important categories of factors were indicated: Individual; 2.individual factors; Environmental; and 3.environmental factors; and Financial factors.financial factors. It should be mentioned that these factors were constitude of subdimentiones.

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“…Both general self-effi cacy and entrepreneurial self-effi cacy have been identifi ed in previous research as key personality characteristics related to entrepreneurial activity (Lukeš, 2013;Lukeš et al, 2013a) and venture launch (Townsend, Busenitz, Arthurs, 2010). Entrepreneurial self-effi cacy can be described as an individual belief in own capability to successfully perform entrepreneurial tasks.…”

Section: Factors Infl Uencing Discontinuancementioning

confidence: 99%

The Causes of Early-Stage Entrepreneurial Discontinuance

Lukeš¹,

Zouhar²

2016

Prague Economic Papers

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A high proportion of nascent entrepreneurs do not make it to an operational venture. Even though entrepreneurial exit decisions occur more frequently than many think, the literature on entrepreneurial discontinuance is not much developed. The paper fi rst examines whether factors infl uencing early-stage discontinuance diff er in the Czech Republic in comparison with Western countries. Second, it contributes to existing theories on nascent entrepreneurial activity of "modest majority" low-growth businesses by focusing on the role of expectations in discontinuance decisions. A sample of nascent entrepreneurs was interviewed in 2011 and then in two follow-up waves in 2012 and 2013. Building on hubris theory of entrepreneurship and theory of performance thresholds, the paper discusses subjective decision-making about entrepreneurial launch and exit. The results show that people with higher industry experience are more likely to discontinue from nascent entrepreneurship, a fi nding contrasting most research in Western countries. The paper also provides added value in relating growth aspirations to solo vs. team entrepreneurship. Solo entrepreneurs with high initial expectations were found more likely to discontinue from their eff orts, whereas teams disbanded more often in case of low-ambition plans on new venture.

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To start or not to start: Outcome and ability expectations in the decision to start a new venture

Cited by 230 publications

References 50 publications

The influence of socio-cultural environments on the performance of nascent entrepreneurs: Community culture, motivation, self-efficacy and start-up success

The influence of socio-cultural environments on the performance of nascent entrepreneurs: Community culture, motivation, self-efficacy and start-up success

The Vital Factors for Small and Medium Sized Sport Enterprises Start-ups

The Causes of Early-Stage Entrepreneurial Discontinuance

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