Sufia Mohand-Amar, Matilde Ruiz-Arroyo, M. M. Fuentes-Fuentes
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The Relationship between Cognitive and Contextual Factors: A Self-Regulatory Mechanism Underlying Persistence in Nascent Entrepreneurs
Abstract In this study, we present a new approach to understanding the persistence of nascent entrepreneurs, by examining the role played by context and cognition through the mediation of a self-regulatory mechanism. Drawing on a sample of 316 nascent entrepreneurs from the Panel Study of Entrepreneurial Dynamics (PSED II), we first consider whether entrepreneurial self-efficacy and goal commitment predict persistence in nascent entrepreneurs. We then evaluate the role of perceived institutional support, both formal and informal. Finally, we examine the relationships between cognitive and contextual variables and their impact on entrepreneurial persistence. Our results show that goal commitment has a direct effect on entrepreneurial persistence, while self-efficacy acts indirectly through goal commitment, from which we infer the existence of a self-regulatory mechanism impacting on persistence in nascent entrepreneurs. Among the contextual factors, only informal institutional support presents a direct relationship to persistence, while perceived formal support exerts an indirect influence through cognitive self-regulation. From a practical standpoint, our findings may be useful for institutions that design policies and programmes to foster sustained economic growth through the promotion of entrepreneurship.
期刊介绍:
Entrepreneurship Research Journal (ERJ) was launched with an Inaugural Issue in 2011. Professor Ramona Zachary at Baruch College and Professor Chandra Mishra at Florida Atlantic University introduce a new forum for scholarly discussion on entrepreneurs and their activities, contexts, processes, strategies, and outcomes. Positioned as the premier new research journal within the field of entrepreneurship, ERJ seeks to encourage a scholarly exchange between researchers from any field of study who focus on entrepreneurs, and will include both theoretical and empirical articles, with priority being given to high quality theoretical and empirical papers that have managerial or public policy orientation as well as ramifications for entrepreneurship research overall. Topics: -Research Modeling, Design, and Methods: entrepreneurship theories and conceptualizations, entrepreneurship research methods. -The Individuals-Opportunities-Resources Nexus: nascent entrepreneurs, opportunity recognition, drivers of value creation, and emergence, innovation and technology entrepreneurs, entrepreneurial risk and reward, entrepreneurial cognition and behavior. -Inclusive of Near Environments: family entrepreneurship, networks, teams and alliances, venture capital and angel investor groups, entrepreneurial communities, hubs, clusters and public policy, social entrepreneurship. -Distinct Entrepreneurial Stage or Setting: entrepreneurial growth and strategy, boards, governance and leadership, corporate entrepreneurship, international and emerging market entrepreneurship.