Entrepreneurial Growth Intention and New Venture Performance in Times of Crisis: A Conceptual Model
We argue that the severity of the crisis a firm is exposed to acts as a positive contingency for the performance level of the new venture. Despite numerous investigations into new venture perfor-mance, our comprehension of the factors impacting such performance during a crisis remains in-complete. This paper seeks to construct a comprehensive model encompassing these factors and provide the proposed conceptual model and propositions. Employing a methodology that includes an exhaustive review of empirical and conceptual articles related to the subject, the suggested framework was developed through a diverse integration of available research. According to the study's theoretical underpinnings, there is a direct relationship between entrepreneurial growth in-tention and new venture performance and an indirect relationship mediated by entrepreneurial self-efficacy. Strategic agility is proposed as the moderator, and when strategic agility is higher, the relationship between entrepreneurial self-efficacy and the new venture performance is greater. The study contributes to extending the framework's application within the ontological realms of entre-preneurship and crisis literature. In conclusion, this study not only advances our understanding of the dynamics of new venture performance during crises but also opens avenues for future explo-rations in our conceptualization.
Authors
- Kumudu Jayawardhana (ORCID: https://orcid.org/0000-0001-9281-4762)
- Hapugoda Achchi Kankanamge Nadee Sheresha Surangi (ORCID: https://orcid.org/0000-0002-2671-2212)
- W. M. H. K. Bandara (ORCID: https://orcid.org/0009-0008-9123-1379)
Publication Details
- Journal
- Journal of Business and Technology
- Published
- 2025-01-27
- DOI
- https://doi.org/10.4038/jbt.v9i1.144
- Primary Topic
- Entrepreneurship Studies and Influences
- Type
- article
- Field-Weighted Citation Impact
- 0.00