Entrepreneurship activities are booming the employment, strengthening comprehensive national power, escalating international Status, introducing the new technologies and improving the new developments which are very important for a country and necessary parts of the economy. For the start-up firms, the business model and management regulations are still immature, according to Upper Echelons Theory, entrepreneur play an important role in deciding the strategy, building the company culture and finally influencing the venture performance. This paper focus on the interacting effects between entrepreneurial self-efficacy and personality traits on entrepreneurial performance.
Based on social cognitional theory, this paper discussed the relationship between entrepreneurial self-efficacy and the performance of the venture firms, and the possible moderating effects of two entrepreneurs' personal traits: resilience and optimism. Specially the three-way interaction of entrepreneurial self-efficacy, the resilience and the optimism.
The experimental data were collected from entrepreneurs from the high-tech industries. This paper firstly process the effective sample data and do empirical research based on the reliability and validity analysis of the questionnaire, then process statistical methods, by which this paper draw conclusions, the results indicate that entrepreneurial self-efficacy can be considered as a predictors of the venture performance; the resilience positively moderated the relationship between self-efficacy and performance; but the optimism don't have the same effect; and a three-way interaction between self-efficacy, resilience and optimism was observed with respect to performance. To be specific, when the entrepreneurs were low level optimism, the resilience enhanced the positive relationship between self-efficacy and performance, but under the condition when the optimism is low, the effect is not significant.
This paper use personality traits as a moderate factors to discuss their effect on venture performance, indicate personal traits may indirectly influence venture performance; This paper study three-way interaction among psychological characters, and find that maybe a more effective way to study the comprehensive situation liking venture performance. Finally, this paper puts forward some future researching directions based on the shortcomings in the process of self-entrepreneurial study.
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