The Role of Entrepreneurs in the Entrepreneurial Ecosystem
This chapter introduces entrepreneurial self-efficacy, a psychological cognitive factor, into the context of entrepreneurship, trying to sort out the internal mechanism of entrepreneurial self-efficacy, dual entrepreneurial learning, and entrepreneurial performance and construct a theoretical model. The hypothesis is that entrepreneurial self-efficacy has a positive effect on both dual entrepreneurial learning and new venture performance. Dual entrepreneurial learning has a positive impact on the performance of new ventures and acts as a mediator between entrepreneurial self-efficacy and entrepreneurial performance. The empirical results show that entrepreneurial self-efficacy can promote exploratory entrepreneurial learning and the improvement of new venture performance. Exploratory entrepreneurial learning plays a mediating role in the effect of entrepreneurial self-efficacy on the performance of start-ups, while entrepreneurial learning can't play a mediating role in the process of exploitative entrepreneurial learning.