IDEAS home Printed from https://ideas.repec.org/a/eee/joreco/v74y2023ics096969892300142x.html
   My bibliography  Save this article

Exploring the role played by entrepreneurial self-efficacy among women entrepreneurs in tourism sector

Author

Listed:
  • Madawala, Kalani
  • Foroudi, Pantea
  • Palazzo, Maria

Abstract

This study aimed to explore how entrepreneurial self-efficacy impacts firms' performance among women entrepreneurs in developing countries in tourism and hospitality industry. Survey data collected from women entrepreneurs in Sri Lanka confirmed entrepreneurial self-efficacy is influenced by social media, entrepreneurial passion and entrepreneurial role models, whereas education and work experience had no influence over entrepreneurial self-efficacy. The mediating behavior of entrepreneurial persistence behavior is confirmed. For entrepreneurship stakeholders, this research revealed a critical factor that entrepreneurial self-efficacy is influenced by social media in digital world of technologies. Moreover, this research provided a validated model of entrepreneurial self-efficacy, enhancing its usage during the adversity or growth stages of business while producing valuable insights to policy makers in developing countries, enhancing women entrepreneurs’ contribution to the economy.

Suggested Citation

  • Madawala, Kalani & Foroudi, Pantea & Palazzo, Maria, 2023. "Exploring the role played by entrepreneurial self-efficacy among women entrepreneurs in tourism sector," Journal of Retailing and Consumer Services, Elsevier, vol. 74(C).
    • Handle: RePEc:eee:joreco:v:74:y:2023:i:c:s096969892300142x
    DOI: 10.1016/j.jretconser.2023.103395
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S096969892300142X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jretconser.2023.103395?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. D’Angelo, Alfredo & Presutti, Manuela, 2019. "SMEs international growth: The moderating role of experience on entrepreneurial and learning orientations," International Business Review, Elsevier, vol. 28(3), pages 613-624.
    2. Frédéric Delmar & Johan Wiklund, 2008. "The Effect of Small Business Managers’ Growth Motivation on Firm Growth: A Longitudinal Study," Entrepreneurship Theory and Practice, , vol. 32(3), pages 437-457, May.
    3. Florian B. Zapkau & Christian Schwens & Rüdiger Kabst, 2017. "The Role of Prior Entrepreneurial Exposure in the Entrepreneurial Process: A Review and Future Research Implications," Journal of Small Business Management, Taylor & Francis Journals, vol. 55(1), pages 56-86, January.
    4. Teemu Kautonen & Marco van Gelderen & Erno T. Tornikoski, 2013. "Predicting entrepreneurial behaviour: a test of the theory of planned behaviour," Applied Economics, Taylor & Francis Journals, vol. 45(6), pages 697-707, February.
    5. Philipp Sieger & Thomas Zellweger & Karl Aquino, 2013. "Turning Agents into Psychological Principals: Aligning Interests of Non-Owners through Psychological Ownership," Journal of Management Studies, Wiley Blackwell, vol. 50(3), pages 361-388, May.
    6. Asante, Eric Adom & Affum-Osei, Emmanuel, 2019. "Entrepreneurship as a career choice: The impact of locus of control on aspiring entrepreneurs' opportunity recognition," Journal of Business Research, Elsevier, vol. 98(C), pages 227-235.
    7. Florian Schuberth, 2021. "Confirmatory composite analysis using partial least squares: setting the record straight," Review of Managerial Science, Springer, vol. 15(5), pages 1311-1345, July.
    8. Nowiński, Witold & Haddoud, Mohamed Yacine, 2019. "The role of inspiring role models in enhancing entrepreneurial intention," Journal of Business Research, Elsevier, vol. 96(C), pages 183-193.
    9. repec:bla:econom:v:63:y:1996:i:250:p:273-89 is not listed on IDEAS
    10. Olivier Basso & Alain Fayolle & Véronique Bouchard, 2009. "Entrepreneurial orientation : the making of a concept," Post-Print hal-02312490, HAL.
    11. Autio, Erkko & Kenney, Martin & Mustar, Philippe & Siegel, Don & Wright, Mike, 2014. "Entrepreneurial innovation: The importance of context," Research Policy, Elsevier, vol. 43(7), pages 1097-1108.
    12. Harper, David A., 2008. "Towards a theory of entrepreneurial teams," Journal of Business Venturing, Elsevier, vol. 23(6), pages 613-626, November.
    13. Karl Wennberg & Saurav Pathak & Erkko Autio, 2013. "How culture moulds the effects of self-efficacy and fear of failure on entrepreneurship," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 25(9-10), pages 756-780, December.
    14. Susan Coleman & Dafna Kariv, 2014. "'Deconstructing' entrepreneurial self-efficacy: a gendered perspective on the impact of ESE and community entrepreneurial culture on the financial strategies and performance of new firms," Venture Capital, Taylor & Francis Journals, vol. 16(2), pages 157-181, April.
    15. Diana Hechavarria & Maija Renko & Charles Matthews, 2012. "The nascent entrepreneurship hub: goals, entrepreneurial self-efficacy and start-up outcomes," Small Business Economics, Springer, vol. 39(3), pages 685-701, October.
    16. repec:use:tkiwps:332 is not listed on IDEAS
    17. Tajeddini, Kayhan, 2010. "Effect of customer orientation and entrepreneurial orientation on innovativeness: Evidence from the hotel industry in Switzerland," Tourism Management, Elsevier, vol. 31(2), pages 221-231.
    18. Chen, Chao C. & Greene, Patricia Gene & Crick, Ann, 1998. "Does entrepreneurial self-efficacy distinguish entrepreneurs from managers?," Journal of Business Venturing, Elsevier, vol. 13(4), pages 295-316, July.
    19. Moudrý, Dann Vít & Thaichon, Park, 2020. "Enrichment for retail businesses: How female entrepreneurs and masculine traits enhance business success," Journal of Retailing and Consumer Services, Elsevier, vol. 54(C).
    20. Mickael Laviolette & Miruna Radu & Olivier Brunel, 2012. "The impact of story bound entrepreneurial role models on self-efficacy and entrepreneurial intention," Post-Print halshs-00682227, HAL.
    21. Laspita, Stavroula & Breugst, Nicola & Heblich, Stephan & Patzelt, Holger, 2012. "Intergenerational transmission of entrepreneurial intentions," Journal of Business Venturing, Elsevier, vol. 27(4), pages 414-435.
    22. Indy Bernoster & Jinia Mukerjee & Roy Thurik, 2020. "The role of affect in entrepreneurial orientation," Small Business Economics, Springer, vol. 54(1), pages 235-256, January.
    23. Home, Niilo, 2011. "Entrepreneurial orientation of grocery retailers in Finland," Journal of Retailing and Consumer Services, Elsevier, vol. 18(4), pages 293-301.
    24. Daniel P. Forbes, 2005. "The Effects of Strategic Decision Making on Entrepreneurial Self–Efficacy," Entrepreneurship Theory and Practice, , vol. 29(5), pages 599-626, September.
    25. Josip Kotlar & Philipp Sieger, 2019. "Bounded Rationality and Bounded Reliability: A Study of Nonfamily Managers’ Entrepreneurial Behavior in Family Firms," Entrepreneurship Theory and Practice, , vol. 43(2), pages 251-273, March.
    26. Gieure, Clara & Benavides-Espinosa, María del Mar & Roig-Dobón, Salvador, 2020. "The entrepreneurial process: The link between intentions and behavior," Journal of Business Research, Elsevier, vol. 112(C), pages 541-548.
    27. Hallak, Rob & Brown, Graham & Lindsay, Noel J., 2012. "The Place Identity – Performance relationship among tourism entrepreneurs: A structural equation modelling analysis," Tourism Management, Elsevier, vol. 33(1), pages 143-154.
    28. Conz, Elisa & Lamb, Peter William & De Massis, Alfredo, 2020. "Practicing resilience in family firms: An investigation through phenomenography," Journal of Family Business Strategy, Elsevier, vol. 11(2).
    29. Bandura, Albert, 1991. "Social cognitive theory of self-regulation," Organizational Behavior and Human Decision Processes, Elsevier, vol. 50(2), pages 248-287, December.
    30. Melissa S. Cardon & Colleen P. Kirk, 2015. "Entrepreneurial Passion as Mediator of the Self–Efficacy to Persistence Relationship," Entrepreneurship Theory and Practice, , vol. 39(5), pages 1027-1050, September.
    31. Helen Lawton Smith & Rupert Waters, 2021. "Universities, local labour markets and regional economic development," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 42(1/2), pages 8-26.
    32. Mojgan Khoshmaram & Nematollah Shiri & Rachel S. Shinnar & Moslem Savari, 2020. "Environmental support and entrepreneurial behavior among Iranian farmers: The mediating roles of social and human capital," Journal of Small Business Management, Taylor & Francis Journals, vol. 58(5), pages 1064-1088, September.
    33. Hand, Chris & Iskandarova, Marfuga & Blackburn, Robert, 2020. "Founders’ social identity and entrepreneurial self-efficacy amongst nascent entrepreneurs: A configurational perspective," Journal of Business Venturing Insights, Elsevier, vol. 13(C).
    34. Nancy G. Boyd & George S. Vozikis, 1994. "The Influence of Self-Efficacy on the Development of Entrepreneurial Intentions and Actions," Entrepreneurship Theory and Practice, , vol. 18(4), pages 63-77, July.
    35. Ali Dehghanpour Farashah, 2015. "The effects of demographic, cognitive and institutional factors on development of entrepreneurial intention: Toward a socio-cognitive model of entrepreneurial career," Journal of International Entrepreneurship, Springer, vol. 13(4), pages 452-476, December.
    36. Tantawy, Maha & Herbert, Kendall & McNally, Jeffrey J. & Mengel, Thomas & Piperopoulos, Panagiotis & Foord, David, 2021. "Bringing creativity back to entrepreneurship education: Creative self-efficacy, creative process engagement, and entrepreneurial intentions," Journal of Business Venturing Insights, Elsevier, vol. 15(C).
    37. Welsh, Dianne H.B. & Kaciak, Eugene & Shamah, Rania, 2018. "Determinants of women entrepreneurs' firm performance in a hostile environment," Journal of Business Research, Elsevier, vol. 88(C), pages 481-491.
    38. Maria Palazzo & Agostino Vollero & Alfonso Siano & Pantea Foroudi, 2021. "From fragmentation to collaboration in tourism promotion: an analysis of the adoption of IMC in the Amalfi coast," Current Issues in Tourism, Taylor & Francis Journals, vol. 24(4), pages 567-589, February.
    39. Johan Wiklund, 1999. "The Sustainability of the Entrepreneurial Orientation—Performance Relationship," Entrepreneurship Theory and Practice, , vol. 24(1), pages 37-48, October.
    40. Sascha Kraus & Matthias Breier & Paul Jones & Mathew Hughes, 2019. "Individual entrepreneurial orientation and intrapreneurship in the public sector," International Entrepreneurship and Management Journal, Springer, vol. 15(4), pages 1247-1268, December.
    41. Jeffrey G. Covin & Dennis P. Slevin, 1989. "Strategic management of small firms in hostile and benign environments," Strategic Management Journal, Wiley Blackwell, vol. 10(1), pages 75-87, January.
    42. Robert F. Scherer & Janet S. Adams & Susan S. Carley & Frank A. Wiebe, 1989. "Role Model Performance Effects on Development of Entrepreneurial Career Preference," Entrepreneurship Theory and Practice, , vol. 13(3), pages 53-72, April.
    43. Per Davidsson & Scott R. Gordon, 2016. "Much Ado about Nothing? The Surprising Persistence of Nascent Entrepreneurs through Macroeconomic Crisis," Entrepreneurship Theory and Practice, , vol. 40(4), pages 915-941, July.
    44. Pablo-Lerchundi, Iciar & Morales-Alonso, Gustavo & González-Tirados, Rosa María, 2015. "Influences of parental occupation on occupational choices and professional values," Journal of Business Research, Elsevier, vol. 68(7), pages 1645-1649.
    45. Helen Lawton Smith & Rupert Waters, 2019. "Universities, graduates and local labour markets," Working Papers 41, Birkbeck Centre for Innovation Management Research, revised Feb 2021.
    46. Stroe, Silvia & Parida, Vinit & Wincent, Joakim, 2018. "Effectuation or causation: An fsQCA analysis of entrepreneurial passion, risk perception, and self-efficacy," Journal of Business Research, Elsevier, vol. 89(C), pages 265-272.
    47. Vassiliki Bamiatzi & Sally Jones & Siwan Mitchelmore & Konstantinos Nikolopoulos, 2015. "The Role of Competencies in Shaping the Leadership Style of Female Entrepreneurs: The Case of North West of England, Yorkshire, and North Wales," Journal of Small Business Management, Taylor & Francis Journals, vol. 53(3), pages 627-644, July.
    48. Thomas Keil & Markku Maula & Evangelos Syrigos, 2017. "CEO Entrepreneurial Orientation, Entrenchment, and Firm Value Creation," Entrepreneurship Theory and Practice, , vol. 41(4), pages 475-504, July.
    49. Newbery, Robert & Lean, Jonathan & Moizer, Jonathan & Haddoud, Mohamed, 2018. "Entrepreneurial identity formation during the initial entrepreneurial experience: The influence of simulation feedback and existing identity," Journal of Business Research, Elsevier, vol. 85(C), pages 51-59.
    50. To, Chester K.M. & Guaita Martínez, José Manuel & Orero-Blat, Maria & Chau, K.P., 2020. "Predicting motivational outcomes in social entrepreneurship: Roles of entrepreneurial self-efficacy and situational fit," Journal of Business Research, Elsevier, vol. 121(C), pages 209-222.
    51. René Mauer & Helle Neergaard & Anne Kirketerp Linstad, 2017. "Self-Efficacy: Conditioning the Entrepreneurial Mindset," International Studies in Entrepreneurship, in: Malin Brännback & Alan L. Carsrud (ed.), Revisiting the Entrepreneurial Mind, chapter 0, pages 293-317, Springer.
    52. Johan Wiklund & Holger Patzelt & Dean Shepherd, 2009. "Building an integrative model of small business growth," Small Business Economics, Springer, vol. 32(4), pages 351-374, April.
    53. Sascha G. Walter & Dirk Dohse, 2012. "Why mode and regional context matter for entrepreneurship education," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 24(9-10), pages 807-835, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Liu, Chih-Hsing & Dong, Tse-Ping & Vu, Ho Tran, 2023. "Transformed virtual concepts into reality: Linkage the viewpoint of entrepreneurial passion, technology adoption propensity and advantage to usage intention," Journal of Retailing and Consumer Services, Elsevier, vol. 75(C).
    2. Zhang, Jian & Eid, Riyad & Agag, Gomaa & Chen, Chunxiao & Fu, Ruibing, 2024. "Exploring the link between entrepreneurial passion and SMEs retailers’ performance: The role of exploration and exploitation under different cultural contexts," Journal of Retailing and Consumer Services, Elsevier, vol. 78(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gustavo Barrera-Verdugo, 2021. "Impact of self-perceptions, social norms, and social capital on nascent entrepreneurs: a comparative analysis by level of economic development in Latin American countries," Journal of Innovation and Entrepreneurship, Springer, vol. 10(1), pages 1-19, December.
    2. Arezou Abbasianchavari & Alexandra Moritz, 2021. "The impact of role models on entrepreneurial intentions and behavior: a review of the literature," Management Review Quarterly, Springer, vol. 71(1), pages 1-40, February.
    3. Jana Schmutzler & Veneta Andonova & Luis Diaz-Serrano, 2019. "How Context Shapes Entrepreneurial Self-Efficacy as a Driver of Entrepreneurial Intentions: A Multilevel Approach," Entrepreneurship Theory and Practice, , vol. 43(5), pages 880-920, September.
    4. Dan Wang & Lili Wang & Ling Chen, 2018. "Unlocking the influence of family business exposure on entrepreneurial intentions," International Entrepreneurship and Management Journal, Springer, vol. 14(4), pages 951-974, December.
    5. Shahid, Pirzada Syed Rizwan, 2023. "Founder's Human Capital and the Entrepreneurial Process Duration," OSF Preprints yf6mg, Center for Open Science.
    6. Nowiński, Witold & Haddoud, Mohamed Yacine, 2019. "The role of inspiring role models in enhancing entrepreneurial intention," Journal of Business Research, Elsevier, vol. 96(C), pages 183-193.
    7. To, Chester K.M. & Castillo, Agustin Carrilero & Berenguer, Klaus Jurgen Ulrich & Chau, K.P., 2021. "Riding on an entrepreneurial intention cycle? Explaining bidirectional spillover between volition and motivation," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    8. Schmutzler, Jana & Andonova, Veneta & Díaz Serrano, Lluís, 2015. "When culture does (not) matter: role models and self-efficacy as drivers of entrepreneurial behavior," Working Papers 2072/247806, Universitat Rovira i Virgili, Department of Economics.
    9. Andrei DUMITRESCU, 2020. "Improving the Engineering Students' Entrepreneurial Self-Efficacy through a Specialised Course – A Way to Improve Startup Management," Management and Economics Review, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 5(1), pages 78-90, June.
    10. Bogatyreva, Karina & Edelman, Linda F. & Manolova, Tatiana S. & Osiyevskyy, Oleksiy & Shirokova, Galina, 2019. "When do entrepreneurial intentions lead to actions? The role of national culture," Journal of Business Research, Elsevier, vol. 96(C), pages 309-321.
    11. Khaula Alkaabi & Salieu Senghore, 2024. "Student entrepreneurship competency and mindset: examining the influence of education, role models, and gender," Journal of Innovation and Entrepreneurship, Springer, vol. 13(1), pages 1-28, December.
    12. Stroe, Silvia & Parida, Vinit & Wincent, Joakim, 2018. "Effectuation or causation: An fsQCA analysis of entrepreneurial passion, risk perception, and self-efficacy," Journal of Business Research, Elsevier, vol. 89(C), pages 265-272.
    13. Meqbel M. Aliedan & Ibrahim A. Elshaer & Mansour A. Alyahya & Abu Elnasr E. Sobaih, 2022. "Influences of University Education Support on Entrepreneurship Orientation and Entrepreneurship Intention: Application of Theory of Planned Behavior," Sustainability, MDPI, vol. 14(20), pages 1-18, October.
    14. Knight, Gary & Moen, Øystein & Madsen, Tage Koed, 2020. "Antecedents to differentiation strategy in the exporting SME," International Business Review, Elsevier, vol. 29(6).
    15. Newbery, Robert & Lean, Jonathan & Moizer, Jonathan & Haddoud, Mohamed, 2018. "Entrepreneurial identity formation during the initial entrepreneurial experience: The influence of simulation feedback and existing identity," Journal of Business Research, Elsevier, vol. 85(C), pages 51-59.
    16. Dheer, Ratan J.S. & Castrogiovanni, Gary J., 2023. "Cognitive adaptability’s impact on entrepreneurial intent: The mediating roles of entrepreneurial passion and efficacy," Journal of Business Research, Elsevier, vol. 160(C).
    17. Kyriakopoulos, Panagiotis & Herbert, Kendall & Piperopoulos, Panagiotis, 2024. "I am passionate therefore I am: The interplay between entrepreneurial passion, gender, culture and intentions," Journal of Business Research, Elsevier, vol. 172(C).
    18. Haddoud, Mohamed Yacine & Nowinski, Witold & Onjewu, Adah-Kole Emmanuel & Souleh, Samah & Elbaz, Ahmed Mohamed, 2024. "Perceived Corruption, entrepreneurial exposure and entrepreneurial career Intention: Evidence from five emerging countries," Journal of Business Research, Elsevier, vol. 174(C).
    19. Baron, Robert A. & Mueller, Brandon A. & Wolfe, Marcus T., 2016. "Self-efficacy and entrepreneurs' adoption of unattainable goals: The restraining effects of self-control," Journal of Business Venturing, Elsevier, vol. 31(1), pages 55-71.
    20. Jelle Schepers & Wim Voordeckers & Tensie Steijvers & Eddy Laveren, 2021. "Entrepreneurial intention-action gap in family firms: bifurcation bias and the board of directors as an economizing mechanism," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 11(3), pages 451-475, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:joreco:v:74:y:2023:i:c:s096969892300142x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/journal-of-retailing-and-consumer-services .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.