The Research of Entrepreneurial Self-Efficiacy in Czech Republic Cover Image

Výzkum podnikatelské self-efficacy v České republice
The Research of Entrepreneurial Self-Efficiacy in Czech Republic

Author(s): Martin Lukeš
Subject(s): Psychology
Published by: Univerzita Karlova v Praze, Nakladatelství Karolinum
Keywords: Entrepreneur; self-efficacy; psychology of entrepreneurship; Global Entrepreneurship Monitor; Czech Republic.

Summary/Abstract: Entrepreneurial self-efficacy can be defined as an individual’s belief in own capabilities to successfully perform entrepreneurial tasks. Previous research identified self-efficacy as a personal trait closely related to entrepreneurship. This paper is based on interviewing large representative samples in Czech Republic, where entrepreneurial self-efficacy has not been yet a research focus. In first presented study, it enlarges our understanding by analysing the strength of influence of different, mainly social and demographical factors on entrepreneurial self-efficacy. Multiple regression analysis shows the key influence of gender, education and personal knowledge of somebody, who successfully launched a new business. It also points at positive relation of entrepreneurial self-efficacy with entrepreneurial activity in different phases. In the frame of second presented study, new scale consisting of two factors – market action and resource acquisition – was created in order to better understand specific areas of entrepreneurial self-efficacy. When entrepreneurially active individuals in the different phases of entrepreneurial process are compared, nascent and new entrepreneurs have higher entrepreneurial self-efficacy than established entrepreneurs in market action subscale. There is no difference in resource acquisition. Both subscales can be used for quick assessment of entrepreneurial self-efficacy. For education of potential entrepreneurs, it can be recommended to focus on increasing entrepreneurial self-efficacy.

  • Issue Year: 2013
  • Issue No: 3-4
  • Page Range: 35-48
  • Page Count: 14
  • Language: Czech