Nascent Entrepreneurs and Venture Emergence: Opportunity Confidence, Human Capital, and Early Planning
研究了新生创业者的机会信心如何影响创业涌现，发现机会信心有直接正向作用，而创业经验和早期规划通过机会信心间接影响，行业经验则直接促进创业涌现。
abstract Nascent entrepreneurs continuously evaluate the merits of the opportunities they pursue and so can abandon those that lack promise and persist with those that remain attractive. This paper articulates this evolving judgment about the opportunity as the nascent entrepreneur's opportunity confidence. It situates this construct in the context of the nascent entrepreneur's human capital and early planning actions in respect to the pursued opportunity, and in respect to the emergence of the nascent venture. Analyses of PSED data show that opportunity confidence positively affects venture emergence and that, through it, entrepreneurial experience and early planning have only indirect effects on venture emergence. In contrast, industry experience has a direct, positive effect on venture emergence. These results provide some novel insights into the nascent entrepreneurial process as well as into the role of human capital and early planning in that process.