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The formation of opportunity beliefs among university entrepreneurs: an empirical study of research- and non-research-driven venture ideas

机译:大学企业家中机会信念的形成:对研究驱动型和非研究驱动型创业理念的实证研究

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Opportunity beliefs, in other words the beliefs of a potential entrepreneur about the feasibility and market fit of a venture idea, are considered as a key driver of entrepreneurial action. The entrepreneur's existing knowledge plays an important role in reducing the uncertainty surrounding a venture idea, thereby contributing to the formation of strong opportunity beliefs. We develop and test a model which incorporates different types of knowledge that can be considered relevant for the formation of opportunity beliefs. Following a screening of 5955 students at 12 German universities, we identify a sample of 292 aspiring entrepreneurs who evaluate their own venture ideas. We analyze the determinants of opportunity beliefs and entrepreneurial action using structural equation modeling. Empirical evidence suggests that different types of knowledge are relevant depending on the venture idea pursued. Research-driven venture ideas benefit from industry experience, whereas general human capital is important for other types of ideas. We also find divergent relationships between opportunity beliefs and entrepreneurial action. The results contribute to our understanding of how opportunity beliefs are formed and how they relate to entrepreneurial action under different conditions of uncertainty. Our study has practical implications for entrepreneurship education and the support of university start-ups.
机译:机会信念,换句话说,潜在企业家对创业理念的可行性和市场适应性的信念,被认为是企业家行为的关键驱动力。企业家的现有知识在减少围绕创业想法的不确定性方面起着重要作用,从而有助于形成强大的机会信念。我们开发并测试了一个模型,该模型包含了可以被认为与机会信念形成相关的不同类型的知识。在筛选了德国12所大学中的5955名学生之后,我们从292名有抱负的企业家中评估了他们自己的创业理念。我们使用结构方程模型分析机会信念和企业家行为的决定因素。经验证据表明,不同类型的知识是相关的,这取决于所追求的创业理念。以研究为导向的创业创意得益于行业经验,而一般人力资本对于其他类型的创意很重要。我们还发现机会信念与企业家行为之间存在分歧。结果有助于我们了解机会信念的形成方式,以及它们在不同不确定性条件下与企业家行为的关系。我们的研究对创业教育和大学创业的支持具有实际意义。

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