Browse > Article
http://dx.doi.org/10.14400/JDC.2020.18.2.223

Effects of Entrepreneur Characteristics on Self-efficacy and Business Performance : Focused on Moderating Effects of Entrepreneurship Education and Experience in Business before Starting a Business  

Lee, Chun-Hee (Dept. of Business Administration, Chungbuk National University)
Chun, Dal-Young (School of Business, Chungbuk National University)
Publication Information
Journal of Digital Convergence / v.18, no.2, 2020 , pp. 223-233 More about this Journal
Abstract
In academia, lots of startup-related research are conducted to improve startup performance. Most of them are concerned with entrepreneur characteristics, capabilities, and entrepreneurship. In particular, self-efficacy of enterpreneur is emphasized to improve startup performance in addition to entrepreneurial capabilities. Thus, the main research objectives of this study are as follows. First, the impact of entrepreneur characteristics is investigated on self-efficacy and startup performance. Second, the moderating effects of business experience prior to startup and entrepreneurship education are analyzed between entrepreneur characteristics and self-efficacy. Finally, managerial strategies are suggested to maximize startup performance via self-efficacy. 274 samples were collected from independent startups. The proposed research model and 17 hypotheses were verified with structural equation modeling techenique. The empirical findings are as follows. First, psychological characteristics such as achievement desire and risk tolerance positively influenced on self-efficacy. Second, business experience prior to startup showed significant moderating effects on self-efficacy with technological and marketing capabilities. and entrepreneurship education. Third, entrepreneurship education showed significant moderating effects on self-efficacy with achievement desire, risk tolerance, technological and marketing capabilities.
Keywords
Entrepreneur Characteristics; Self-Efficacy; Experience in Business; Entrepreneurship Education; Business Performancee;
Citations & Related Records
Times Cited By KSCI : 4  (Citation Analysis)
연도 인용수 순위
1 D. Y. Chung, J. H. Yang and C. W. Kim. (2013). Influence of Self-Efficacy and Entrepreneurial Participation on Entrepreneurial Intention. Korean Business Education Review, 28(5), 543-572.
2 H. S. Sin. (2018). The Effects of Potential IT Entrepreneurs' 5 Personality Factors on Personal Innovation, Self-Efficiency and Entrepreneurial Intentions. Korean Journal of Computer and Accounting, 16(1), 111-133.
3 J. H. Yang. (2015). Effect of Entrepreneurship Education on Self-Efficacy and Entrepreneurial Motivation. Korean Business Education Review, 30(4), 93-115.
4 Gibb. (2002). In Pursuit of a New 'Enterprise' and 'Entrepreneurship' Paradigm for Learning: Creative Destruction, New Values, New Ways of Doing Things and New Combinations of Knowledge. International Journal of Management Reviews, 4(3).
5 Y. C. Shin. (2007). Research of teachers and students' recognition about operating bizcool in technical high schools. Master's Thesis, Korea National University of Education.
6 T. N. Garavan & O. Barra. (1994). Entrepreneurship Education and Training Programmes: A Review and Evaluation Part 1. Journal of European Industrial Training, 18(8), 3-12.   DOI
7 J. Y. Choi & H. J. Jeong. (2006). A Study on Efficient supporting Service for BI's Tenant. Juurnal of Human Resource Management Research, 13(4), 167-190.
8 McGrath. (1999). Falling Forward: Real Options Reasoning and Entrepreneurial Failure. The Academy of Management Review, 24(1), 13-30.   DOI
9 J. H. Jung. (2014). A study on the effects of start-up education program on the entrepreneurship and the start-up and management performance. Doctoral dissertation of Kon Kok University.
10 A. C. Cooper, F. J. Gimeno-Gascon & C. Y. Woo. (1994). Initial Human and Financial Capital as Predictors of New Venture Performance. Journal of Business Venturing, 9, 371-395.   DOI
11 B. J. Bird. (1993). Demographic Approaches to Entrepreneurship:The Role of Experience and Background. JAI Press.
12 A. R. Lim. (2015). The effect of youth entrepreneurs' competence on entrepreneurial behavior and entrepreneurial performance. Doctoral dissertation of Cho Sun University.
13 J. K. Park. (2002). An Empirical Study on the Success Factors of a Small Business Starting-up. Master's Thesis of Dong Eui University.
14 J. H. Cho & W. S. Kim. (2009). A Study of Performance Factors on the Business Incubator Corporate. Journalof Industrial Economics and Business, 22(1), 289-308.
15 M. Y. Kwun. (2010). The effects of entrepreneurial characteristics, technological capabilities and networks on firm performance of technology-based start-ups. Doctoral dissertation of Pu San University.
16 B. Wheaton, B. Muthen, D. F. Alwin & G. Summers. (1977). Assessing Reliability and Stability in Panel Models. Sociological Methodology, 8, 84-136.   DOI
17 G. S. Jeon. (2017). A Study on the Influence of Founder Characteristics on the Performance of Establishment by Marketing Capability. Journal of Digital Convergence, 15(8), 59-68.   DOI
18 R. E. White & R. G. Hamermesh. (1981). Toward a model of business unit performance: An integrative approach. Academy of Management Review, 30(6).
19 D. Watson, L. A. Clark & A. Tellegen. (1988). Development and validation of brief measures of positive and negative affect. Journal of Personality and Social Psychology, 54(6), 1063-1070.   DOI
20 N. Venkatraman & R. Vasudevan. (1986). Measurement of Business Performance in Strategy Research: A Comparison of Approaches. Academy of Managemen Review, 11(4), 801-814.   DOI
21 M. W. Brown & R. Cudeck. (1993). Alternative Ways of Assessing Model Fit. Testing Structural Equation Models, 136-162.
22 J. H. Kim. (2019). A Study on the Effect of Catering Consultant Capability on Small Business Consulting Satisfaction and Business Performance.Doctoral dissertation of Sun Chon National University.
23 Erikson. (2002). Entrepreneurial capital: the emerging venture's most important asset and competitive advantage. Journal of Business Venturing, 17, 275-290.   DOI
24 National Tax Service. 2017-2019 Business Status, https://stats.nts.go.kr/month/month.asp.
25 B. H. Yoo. (2013). Entrepreneurial Orientation in Service Industry's Effect on Business Performance. Journal of the Korea Service Managemant Society, 14(3), 55-78.   DOI
26 S. H. Jeong & H. R. Kim. (2001). An Exploratory Study on Success Factors in Small Business Startups. The Journal of Small Business Innovation, 4(2), 3-29.
27 M. K. Kang. (2019). A Study on the Effects of Creative Characteristic on Perceived Desirability, Entrepreneurial Self-Efficacy and Entrepreneurial Intention. Master's Thesis of Dong Guk University.
28 S. B. Kang. (2012). Report on corporation performance influenced by entrepreneur's motive, entrepreneurship, and advanced preparation. Master's Thesis of Chung Ang University.
29 W. R. Sandberg & C. W. Hofer. (1987). Improving new venture performance: The role of strategy, industry structure and the entrepreneur. Journal of Business Venturing, 2, 5-28.   DOI
30 J. G. Kang & H. K. Jeong. (2006). SME Policy Financing Effect Analysis. Seoul : Bank of Korea, Institute of Finance and Economics.
31 J. S. Kyung & B. H.. Lee. (2010). An Approach to Differentiate Business Support Policies for Reinforcement of Smll-Medium Enterprises' Competency by Growth Stages. THE KOREAN SMALL BUSINESS REVIEW, 32(4), 57-79.
32 B. Y. Hwang. (2011). Determining Factors on Small Food Service Business Performance. Asia-Pacific journal of business and venturing, 6(2), 51-73.
33 A. Bandura. (1997). Self-efficacy: The exercise of control. New York, Freeman.
34 J. W. Kim. (2013). Improvement of Working Conditions for Job Satisfaction of Multi-cultural Family Support Center Workers. Korean Comparative Government Review, 17(3), 389-418.   DOI
35 J. A. Koo. (2010). Identifying Predictability of Learner's Self-Efficacy and Teaching Presence on Learning Outcomes in Utilizing Korean Language Digital Textbooks. Journal of Learner-centered Curriculum and Instruction, 14(4), 787-806.
36 J. B. Kim.(2017). Influence of College Student' Leadership Behavior Characteristics on Organizational Citizenship Behavior. The Journal of the Korea Convergence Society, 8(12), 351-357.   DOI
37 C. W. Park. (2016). A Study on the Effect of Entrepreneurship and Self-Efficacy on Knowledge Management: Focusing on Female CEO. Asia-Pacific journal of business and venturing, 11(6), 11-26.
38 B. H. Jeong. (2015). Impacts of Shared Leadership on organizational trust and communicatio : with the focus on moderating efects of Self-Eficacy. Doctoral dissertation of Kyung Hee University.
39 S. K. Hwang. (2013). The Effects of Corporate Entrepreneurship on Self-Efficacy and Firm Performance in Small and Medium. Journal of the Korea safety management & science, 15(4), 345-356.   DOI
40 N. F. Krueger & D. V. Brazeal. (1994). Entrepreneurial potential and potential entrepreneurs. Entrepreneurship Theory and Practice, 18, 91-104.   DOI
41 Frédéric Delmar & Scott Shane. (2003). Does business planning facilitate the development of new ventures?. Strategic Management Journal, 24(12).
42 S. K. An. (2016). Effects of entrepreneurship education and institutional support on entrepreneurial self-efficacy and entrepreneurial intention. Doctoral dissertation of Chung Ang University.