Determining factors for the creation of innovation-based ventures

This research aims to determine the impact of internal and external factors of Social Capital, Entrepreneurial Self-Efficacy, and Person-Entrepreneurship Fit in the transition of nascent entrepreneurs toward venture creation. For the development of this research, a sample of 500 entrepreneurs locate...

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Autores:
Escorcia, Adalberto
Ramos Ruiz, Jose
Zuluaga Ortiz, Rohemi Alfredo
Delahoz Domínguez, Enrique
Tipo de recurso:
Fecha de publicación:
2022
Institución:
Universidad Tecnológica de Bolívar
Repositorio:
Repositorio Institucional UTB
Idioma:
eng
OAI Identifier:
oai:repositorio.utb.edu.co:20.500.12585/12152
Acceso en línea:
https://hdl.handle.net/20.500.12585/12152
Palabra clave:
Entrepreneurial Intention;
Effectuation;
Entrepreneurship
LEMB
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/
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repository_id_str
dc.title.spa.fl_str_mv Determining factors for the creation of innovation-based ventures
title Determining factors for the creation of innovation-based ventures
spellingShingle Determining factors for the creation of innovation-based ventures
Entrepreneurial Intention;
Effectuation;
Entrepreneurship
LEMB
title_short Determining factors for the creation of innovation-based ventures
title_full Determining factors for the creation of innovation-based ventures
title_fullStr Determining factors for the creation of innovation-based ventures
title_full_unstemmed Determining factors for the creation of innovation-based ventures
title_sort Determining factors for the creation of innovation-based ventures
dc.creator.fl_str_mv Escorcia, Adalberto
Ramos Ruiz, Jose
Zuluaga Ortiz, Rohemi Alfredo
Delahoz Domínguez, Enrique
dc.contributor.author.none.fl_str_mv Escorcia, Adalberto
Ramos Ruiz, Jose
Zuluaga Ortiz, Rohemi Alfredo
Delahoz Domínguez, Enrique
dc.subject.keywords.spa.fl_str_mv Entrepreneurial Intention;
Effectuation;
Entrepreneurship
topic Entrepreneurial Intention;
Effectuation;
Entrepreneurship
LEMB
dc.subject.armarc.none.fl_str_mv LEMB
description This research aims to determine the impact of internal and external factors of Social Capital, Entrepreneurial Self-Efficacy, and Person-Entrepreneurship Fit in the transition of nascent entrepreneurs toward venture creation. For the development of this research, a sample of 500 entrepreneurs located in Colombia who are creating a company was taken. The research methodology is hypothetical-deductive with a cross-sectional multiple causal correlation design with an explanatory scope and is divided into three stages: first, an exploratory analysis of the data relating to the study variables is carried out. Second, a principal component analysis is carried out. Finally, the third stage is the modelling using the Partial Least Squares-Path Modelling methodology. Among the most relevant findings, it is found that Social Capital is significant in explaining Person-Entrepreneurship Fit. In turn, Social Capital and Person-Entrepreneurship Fit are significant in explaining Entrepreneurial Self-Efficacy. Finally, the construct of Venture Creation is only significantly explained by Person-Entrepreneurship Fit. Consequently, it can be concluded that the influence of social and psychological variables within the business cycle is significant, and models and strategies must consider these elements to design tools that support the optimal development of start-ups within the business cycle, so that they consolidate as stable ventures. This study contributes to filling the research gap by focusing on the factors determining the entrepreneurial process beyond its initial phase. © 2022, The Author(s).
publishDate 2022
dc.date.issued.none.fl_str_mv 2022
dc.date.accessioned.none.fl_str_mv 2023-07-18T19:36:22Z
dc.date.available.none.fl_str_mv 2023-07-18T19:36:22Z
dc.date.submitted.none.fl_str_mv 2023
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dc.identifier.uri.none.fl_str_mv https://hdl.handle.net/20.500.12585/12152
dc.identifier.doi.none.fl_str_mv 10.1186/s13731-022-00249-w
dc.identifier.instname.spa.fl_str_mv Universidad Tecnológica de Bolívar
dc.identifier.reponame.spa.fl_str_mv Repositorio Universidad Tecnológica de Bolívar
url https://hdl.handle.net/20.500.12585/12152
identifier_str_mv 10.1186/s13731-022-00249-w
Universidad Tecnológica de Bolívar
Repositorio Universidad Tecnológica de Bolívar
dc.language.iso.spa.fl_str_mv eng
language eng
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dc.format.extent.none.fl_str_mv 28 páginas
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dc.publisher.place.spa.fl_str_mv Cartagena de Indias
dc.source.spa.fl_str_mv Journal of Innovation and Entrepreneurship
institution Universidad Tecnológica de Bolívar
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spelling Escorcia, Adalberto0425bcfb-d666-4408-b1f0-43616eacc756Ramos Ruiz, Jose72c0a834-2653-445c-b07c-a95eabc88dacZuluaga Ortiz, Rohemi Alfredo182b4086-4094-4784-9843-4be10643fb58Delahoz Domínguez, Enrique140641a4-ba89-4a1d-bbcb-0c3f2d597b0d2023-07-18T19:36:22Z2023-07-18T19:36:22Z20222023https://hdl.handle.net/20.500.12585/1215210.1186/s13731-022-00249-wUniversidad Tecnológica de BolívarRepositorio Universidad Tecnológica de BolívarThis research aims to determine the impact of internal and external factors of Social Capital, Entrepreneurial Self-Efficacy, and Person-Entrepreneurship Fit in the transition of nascent entrepreneurs toward venture creation. For the development of this research, a sample of 500 entrepreneurs located in Colombia who are creating a company was taken. The research methodology is hypothetical-deductive with a cross-sectional multiple causal correlation design with an explanatory scope and is divided into three stages: first, an exploratory analysis of the data relating to the study variables is carried out. Second, a principal component analysis is carried out. Finally, the third stage is the modelling using the Partial Least Squares-Path Modelling methodology. Among the most relevant findings, it is found that Social Capital is significant in explaining Person-Entrepreneurship Fit. In turn, Social Capital and Person-Entrepreneurship Fit are significant in explaining Entrepreneurial Self-Efficacy. Finally, the construct of Venture Creation is only significantly explained by Person-Entrepreneurship Fit. Consequently, it can be concluded that the influence of social and psychological variables within the business cycle is significant, and models and strategies must consider these elements to design tools that support the optimal development of start-ups within the business cycle, so that they consolidate as stable ventures. This study contributes to filling the research gap by focusing on the factors determining the entrepreneurial process beyond its initial phase. © 2022, The Author(s).28 páginasapplication/pdfenghttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessAttribution-NonCommercial-NoDerivatives 4.0 Internacionalhttp://purl.org/coar/access_right/c_abf2Journal of Innovation and EntrepreneurshipDetermining factors for the creation of innovation-based venturesinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/drafthttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/version/c_b1a7d7d4d402bccehttp://purl.org/coar/resource_type/c_2df8fbb1Entrepreneurial Intention;Effectuation;EntrepreneurshipLEMBCartagena de IndiasAdler, P.S., Kwon, S.-W. Social capital: Prospects for a new concept (2002) Academy of Management Review, 27 (1), pp. 17-40. Cited 5923 times. http://amr.aom.org/content/by/year doi: 10.5465/AMR.2002.5922314Ajzen, I. Attitudes, traits, and actions: Dispositional prediction of behavior in personality and social psychology (1987) Advances in Experimental Social Psychology, 20 (C), pp. 1-63. Cited 900 times. doi: 10.1016/S0065-2601(08)60411-6Aldrich, H.E., Martinez, M.A. Many are called, but few are chosen: An evolutionary perspective for the study of entrepreneurship (2007) Entrepreneurship: Concepts, Theory and Perspective, pp. 293-311. Cited 45 times. http://www.springerlink.com/openurl.asp?genre=book&isbn=978-3-540-48542-1 ISBN: 978-354048542-1 doi: 10.1007/978-3-540-48543-8_14Anwar, K., Abdullah, N. Inspiring future entrepreneurs: The effect of experiential learning on the entrepreneurial intention at higher education (2021) International Journal of English Literature and Social Sciences, 6, pp. 183-194. Cited 12 times.Aragon-Mendoza, J., del Val, M.P., Roig-Dobón, S. The influence of institutions development in venture creation decision: A cognitive view (2016) Journal of Business Research, 69 (11), pp. 4941-4946. Cited 22 times. http://www.elsevier.com/locate/jbusres doi: 10.1016/j.jbusres.2016.04.056Bandura, A. Self-efficacy mechanism in human agency (1982) American Psychologist, 37 (2), pp. 122-147. Cited 9200 times. doi: 10.1037/0003-066X.37.2.122Bandura, A. Social cognitive theory in cultural context (2002) Applied Psychology, 51 (2), pp. 269-290. Cited 948 times. doi: 10.1111/1464-0597.00092Bandura, A. Social cognitive theory: An agentic perspective (1999) Asian Journal of Social Psychology, 2 (1), pp. 21-41. Cited 661 times. http://www.blackwellpublishing.com/journal.asp?ref=1367-2223&site=1 doi: 10.1111/1467-839X.00024Basinska, B.A., Dåderman, A.M. Be fearless: Positive affect as a mediator between venturesomeness and self-efficacy in future entrepreneurs and managers (2018) Revue Europeenne de Psychologie Appliquee, 68 (4-5), pp. 171-180. 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Entrepreneurial social capital, cognitive orientation and new venture innovation (2016) Management Research Review, 39 (5), pp. 498-520. 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