Financial self-efficacy of entrepreneurs and performance

Veselinovič, Draško (avtor), Auer Antončič, Jasna (avtor), Antončič, Boštjan (avtor), Grbec, Dalma Lorena (avtor)

In most developing countries, small and medium-sized enterprises (SMEs) are an essential segment of the economic composition and crucial players for fostering innovation, growth and prosperity. Despite wide agreement among researchers in entrepreneurship and SME management that entrepreneurial and general self-efficacy can positively impact business formation and growth, one aspect of entrepreneurial self-efficacy, i.e., financial self-efficacy, has not been linked to SME performance in terms of SME profitability and growth, or satisfaction of the entrepreneur with their company. This study fills this research gap by uncovering new knowledge about the relationship between the financial self-efficacy of the entrepreneur and elements of SME performance. Data were collected through a structured questionnaire in one European country. Hypotheses were conceptually developed and checked using regression analysis. The results of this research reveal new knowledge about the relationship between financial self-efficacy and performance. The entrepreneur's financial self-efficacy can matter for the profitability of SMEs, as well as for the growth and satisfaction of micro-SMEs and certain differently defined groups of entrepreneurs or companies.

• Jezik: Angleški jezik
• Ključne besede: entrepreneurship, SMEs, company performance, financing, business efficiency, financial self-efficacy, entrepreneur, SME Performance, growth, profitability, satisfaction
• Vrsta gradiva: Članek v reviji
• Tipologija: 1.01 - Izvirni znanstveni članek
• Organizacija: EF - Ekonomska fakulteta
• Status publikacije: Objavljeno
• Različica publikacije: Recenzirani rokopis
• Leto izida: 2022
• Št. strani: 19 str.
• Številčenje: Vol. 27, iss. 1
• PID: 20.500.12556/RUL-136460
• UDK: 658
• ISSN pri članku: 1084-9467
• DOI: 10.1142/S1084946722500029
• COBISS.SI-ID: 104426755
• Datum objave v RUL: 05.05.2022

Gradivo je del revije

• Naslov: Journal of developmental entrepreneurship
• Skrajšan naslov: J. dev. entrep.
• Založnik: World Scientific
• ISSN: 1084-9467
• COBISS.SI-ID: 1483218

Sekundarni jezik

• Jezik: Slovenski jezik
• Ključne besede: podjetništvo, majhna in srednja podjetja, poslovanje podjetja, financiranje, uspešnost poslovanja

Projekti

• Financer: ARRS - Agencija za raziskovalno dejavnost Republike Slovenije
• Program financ.: Raziskovalni program
• Številka projekta: P5-0117
• Naslov: Trajnostna konkurenčnost slovenskega gospodarstva v evropskem in globalnem okviru

• Financer: Drugi - Drug financer ali več financerjev
• Program financ.: American Slovenian Education Foundation
• Naslov: ASEF Scholarship Grant