The relationship between resilience, entrepreneurial self-efficacy, and entrepreneurial performance
The effect of state fragility on young entrepreneurs
Abstract
Entrepreneurial self-efficacy and resilience are key determinants of entrepreneurial success. In this study, using data from 37 countries, we examine how the difficulties associated with state fragility influence the relationship between resilience and entrepreneurial self-efficacy, as well as the mechanisms through which they affect entrepreneurial performance among young entrepreneurs. Our results show that the relationship between entrepreneurial self-efficacy and performance is stronger in non-fragile countries than in fragile ones, while the relationship between resilience and entrepreneurial performance is stronger in fragile countries than in non-fragile ones. In non-fragile countries, resilience is associated with higher entrepreneurial self-efficacy, and entrepreneurial self-efficacy mediates the effect of resilience on entrepreneurial success. However, in fragile countries, there is no mediating relationship between resilience and entrepreneurial self-efficacy. These findings suggest that in a fragile environment, entrepreneurs face obstacles that, when overcome resiliently, contribute less to the development of entrepreneurial skills than the responses given to entrepreneurial challenges within non-fragile state frameworks, such as those arising from strong market competition or rapid technological development.
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