IDEAS home Printed from https://ideas.repec.org/a/gam/jadmsc/v15y2024i1p7-d1553289.html
   My bibliography  Save this article

Timid Inaction in Nascent Entrepreneurship: Evidence from the State of Florida

Author

Listed:
  • Donovan Collier

    (School of Business and Public Administration, University of the District of Columbia, Washington, DC 20008, USA)

  • Ravi Chinta

    (School of Business and Public Administration, University of the District of Columbia, Washington, DC 20008, USA)

  • Daewoo Park

    (School of Business and Public Administration, University of the District of Columbia, Washington, DC 20008, USA)

Abstract

Though significant research has been conducted on the subject of entrepreneurship, comparatively little empirical research has been done on factors that influence nascent entrepreneurship. Focused on nascent entrepreneurship or pre- startup stages, this study empirically examines the relationship between one’s self-confidence in starting a new business and entrepreneurial intentions. Additionally, the mediating and moderating effects of perceived barriers to entrepreneurship are tested in this study. The research is based on primary data from the largest survey (sample size of 1245) ever done in the state of Florida on nascent entrepreneurship. Data analyses utilize the Andrew Hayes macro, an addition to the SPSS regression analyses, to test the mediating effects of perceived barriers. Results show a statistically significant and positive effect of self-efficacy on entrepreneurial intentions. Perceived barriers to entrepreneurship have a mediating effect that weakens the impact of self-efficacy on entrepreneurial intentions. At very high levels of perceived barriers, the promoting effect of self-efficacy on entrepreneurial intentions disappears completely. This is empirical proof for the inhibiting nature of perceived barriers in entrepreneurship. The paper concludes with several implications and limitations of the study.

Suggested Citation

  • Donovan Collier & Ravi Chinta & Daewoo Park, 2024. "Timid Inaction in Nascent Entrepreneurship: Evidence from the State of Florida," Administrative Sciences, MDPI, vol. 15(1), pages 1-16, December.
    • Handle: RePEc:gam:jadmsc:v:15:y:2024:i:1:p:7-:d:1553289
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2076-3387/15/1/7/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2076-3387/15/1/7/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Arthur T. Denzau & Douglass C. North, 1994. "Shared Mental Models: Ideologies and Institutions," Kyklos, Wiley Blackwell, vol. 47(1), pages 3-31, February.
    2. Christopher Schlaegel & Michael Koenig, 2014. "Determinants of Entrepreneurial Intent: A Meta–Analytic Test and Integration of Competing Models," Entrepreneurship Theory and Practice, , vol. 38(2), pages 291-332, March.
    3. Lerner, Josh, 1999. "The Government as Venture Capitalist: The Long-Run Impact of the SBIR Program," The Journal of Business, University of Chicago Press, vol. 72(3), pages 285-318, July.
    4. Brigitte Hoogendoorn & Peter Zwan & Roy Thurik, 2019. "Sustainable Entrepreneurship: The Role of Perceived Barriers and Risk," Journal of Business Ethics, Springer, vol. 157(4), pages 1133-1154, July.
    5. François Neville & Juanita Kimiyo Forrester & Jay O'Toole & Allan Riding, 2018. "‘Why Even Bother Trying?’ Examining Discouragement among Racial†Minority Entrepreneurs," Journal of Management Studies, Wiley Blackwell, vol. 55(3), pages 424-456, May.
    Full references (including those not matched with items on IDEAS)

    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. 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.
    2. Alperovych, Yan & Hübner, Georges & Lobet, Fabrice, 2015. "How does governmental versus private venture capital backing affect a firm's efficiency? Evidence from Belgium," Journal of Business Venturing, Elsevier, vol. 30(4), pages 508-525.
    3. Brautzsch, Hans-Ulrich & Günther, Jutta & Loose, Brigitte & Ludwig, Udo & Nulsch, Nicole, 2015. "Can R&D subsidies counteract the economic crisis? – Macroeconomic effects in Germany," Research Policy, Elsevier, vol. 44(3), pages 623-633.
    4. Dirk Czarnitzki & Hanna Hottenrott & Susanne Thorwarth, 2011. "Industrial research versus development investment: the implications of financial constraints," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 35(3), pages 527-544.
    5. Colin C. Williams, 2023. "A Modern Guide to the Informal Economy," Books, Edward Elgar Publishing, number 18668.
    6. Brigitte Granville & Jaume Martorell Cruz & Martha Prevezer, 2015. "Elites, Thickets and Institutions: French Resistance versus German Adaptation to Economic Change, 1945-2015," Working Papers 63, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
    7. Ali-Yrkkö, Jyrki, 2004. "Impact of Public R&D Financing on Private R&D - Does Financial Constraint Matter?," Discussion Papers 943, The Research Institute of the Finnish Economy.
    8. Honjo, Yuji & Ikeuchi, Kenta & Nakamura, Hiroki, 2024. "Does risk aversion affect individuals’ interests and actions in angel investing? Empirical evidence from Japan," Japan and the World Economy, Elsevier, vol. 70(C).
    9. Dayuan Li & Jialin Jiang & Lu Zhang & Chen Huang & Ding Wang, 2023. "Do CEOs with Sent-Down Movement Experience Foster Corporate Environmental Responsibility?," Journal of Business Ethics, Springer, vol. 185(1), pages 147-168, June.
    10. Albert N. Link & John T. Scott, 2013. "Employment growth from public support of innovation in small firms," Chapters, in: Public Support of Innovation in Entrepreneurial Firms, chapter 3, pages 41-64, Edward Elgar Publishing.
    11. Nosheena Yasir & Nasir Mahmood & Hafiz Shakir Mehmood & Osama Rashid & An Liren, 2021. "The Integrated Role of Personal Values and Theory of Planned Behavior to Form a Sustainable Entrepreneurial Intention," Sustainability, MDPI, vol. 13(16), pages 1-21, August.
    12. Sergio Afcha & Jose García-Quevedo, 2016. "The impact of R&D subsidies on R&D employment composition," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 25(6), pages 955-975.
    13. Holger Patzelt & Dean A. Shepherd, 2009. "Strategic Entrepreneurship at Universities: Academic Entrepreneurs’ Assessment of Policy Programs," Entrepreneurship Theory and Practice, , vol. 33(1), pages 319-340, January.
    14. Ulrike Mayrhoffer & Fabrice Roth, 1999. "Gestion de l'incertitude et influence de la diversification et de la nationalité sur les formes de rapprochement : une comparaison Allemagne, France et Royaume-Uni," Revue Finance Contrôle Stratégie, revues.org, vol. 2(4), pages 135-156, December.
    15. Michael Stuetzer & David B. Audretsch & Martin Obschonka & Samuel D. Gosling & Peter J. Rentfrow & Jeff Potter, 2018. "Entrepreneurship culture, knowledge spillovers and the growth of regions," Regional Studies, Taylor & Francis Journals, vol. 52(5), pages 608-618, May.
    16. Jan Schnellenbach, 2023. "The concept of Ordnungspolitik: rule-based economic policymaking from the perspective of the Freiburg School," Public Choice, Springer, vol. 195(3), pages 283-300, June.
    17. Josh Lerner & Ramana Nanda, 2020. "Venture Capital's Role in Financing Innovation: What We Know and How Much We Still Need to Learn," Journal of Economic Perspectives, American Economic Association, vol. 34(3), pages 237-261, Summer.
    18. Hiroyasu Inoue & Eiichi Yamaguchi, 2017. "Evaluation of the Small Business Innovation Research Program in Japan," SAGE Open, , vol. 7(1), pages 21582440176, February.
    19. Fiori Stefano, 2005. "The emergence of instructions : some open problems in Hayek's theory," CESMEP Working Papers 200504, University of Turin.
    20. Terry Flew & Agata Stepnik, 2024. "The Value of News: Aligning Economic and Social Value From an Institutional Perspective," Media and Communication, Cogitatio Press, vol. 12.

    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:gam:jadmsc:v:15:y:2024:i:1:p:7-:d:1553289. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.