Entrepreneurial self-efficacy: A systematic review of the literature on its theoretical foundations, measurement, antecedents, and outcomes, and an agenda for future research

Abstract

With increased emphasis being placed on entrepreneurial thinking and acting in today's careers, we have witnessed growing research on entrepreneurial self-efficacy (ESE) over the last two decades. The present study provides a systematic review of the literature on the theoretical foundations, measurement, antecedents, and outcomes of ESE, and work which treats ESE as a moderator. Based on the review, an agenda for future research is developed and implications for entrepreneurship education and training highlighted. In doing so, the need to consider alternative theoretical perspectives to improve understanding of how ESE influences outcomes at different levels of analysis is highlighted. In addition, the review identifies a need to a) examine the factors which drive short-term fluctuations and long-term changes in ESE, b) examine the developmental precursors of ese in childhood, adolescence and early adulthood, c) examine the negative/curvilinear effects of ESE, d) investigate whether ESE can be treated as a collective level phenomenon, e) look at the effects of ESE on outcomes outside of entrepreneurial contexts, and f) improve measurement and research design.

Publication DOI: https://doi.org/10.1016/j.jvb.2018.05.012
Divisions: College of Business and Social Sciences > Aston Business School > Economics, Finance & Entrepreneurship
College of Business and Social Sciences > Aston Business School
Additional Information: © 2018 The Authors. Published by Elsevier Inc. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/BY-NC-ND/4.0/).
Uncontrolled Keywords: Entrepreneurial careers,Entrepreneurial self-efficacy,Entrepreneurship,Social cognitive theory,Theory of planned behavior,Education,Applied Psychology,Organizational Behavior and Human Resource Management,Life-span and Life-course Studies
Publication ISSN: 1095-9084
Last Modified: 28 Mar 2024 08:15
Date Deposited: 24 May 2018 07:50
Full Text Link:
Related URLs: http://linkingh ... 001879118300587 (Publisher URL)
http://www.scop ... tnerID=8YFLogxK (Scopus URL)
PURE Output Type: Article
Published Date: 2019-02-01
Published Online Date: 2018-05-23
Accepted Date: 2018-05-22
Authors: Newman, Alexander
Obschonka, Martin
Schwarz, Susan (ORCID Profile 0000-0002-6982-9373)
Cohen, Michael
Nielsen, Ingrid

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