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Effectuation Publications Library
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Entrepreneurship under adverse conditions: Global study of individual resilience and self-efficacy
2016
Maija Renko Amanda Bullough SAADAT SAEED
The drivers of entrepreneurial decisions in adverse environments remain poorly understood. In this study we empirically examine the effects of an adverse society (country-level) as well as the effects of individual-level resilience and self-efficacy on entrepreneurial intentions. Eight countries are included in the analyses, and primary survey data has been collected from each country (total n=2,591). Our findings suggest that adverse social conditions in the country impede the development of entrepreneurial intentions among its citizens. Furthermore, adversity dampens the positive relationship between entrepreneurial self-efficacy (belief in one’s entrepreneurial skills) and entrepreneurial intentions, but strengthens the importance of resilience (ability to grow from adversity) for the development of these intentions.