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Entrepreneurial fear of failure : scale development and validation
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Cacciotti, Gabriella, Hayton, James C., Mitchell, J. Robert and Allen, David G. (2020) Entrepreneurial fear of failure : scale development and validation. Journal of Business Venturing, 35 (5). 106041. doi:10.1016/j.jbusvent.2020.106041 ISSN 0883-9026.
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Official URL: http://dx.doi.org/10.1016/j.jbusvent.2020.106041
Abstract
Fear of failure is an important part of the experience of entrepreneurship. Yet past research has mainly investigated fear of failure in entrepreneurship among non entrepreneurs or nascent entrepreneurs and has done so by asking for reactions to hypothetical future failure. This approach to operationalizing the construct limits our capacity for understanding how entrepreneurs actually experience fear of failure while practicing entrepreneurship. In this paper, we conceptualize entrepreneurial fear of failure as a negative affective reaction based in cognitive appraisals of the potential for failure in the uncertain and ambiguous context of entrepreneurship. We use multiple samples to develop and validate a multidimensional, formative measure to assess entrepreneurial fear of failure as a state that is both cognitive and affective in nature. In addition to evidence of the psychometric properties of the new scale across multiple studies, we present a nomological network analysis with respect to measures of theoretically derived psychological outcomes and perceived behavioral tendencies of entrepreneurial fear of failure. We then discuss the theoretical, methodological, and empirical implications of this new measure of entrepreneurial fear of failure with an eye towards use of this scale in future research.
Item Type: | Journal Article | ||||||||
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Subjects: | B Philosophy. Psychology. Religion > BF Psychology H Social Sciences > HB Economic Theory |
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Divisions: | Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management Faculty of Social Sciences > Warwick Business School > Innovation, Knowledge & Organisational Networks Research Unit Faculty of Social Sciences > Warwick Business School > Industrial Relations Research Unit Faculty of Social Sciences > Warwick Business School |
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Library of Congress Subject Headings (LCSH): | Entrepreneurship, Fear of failure, Success in business | ||||||||
Journal or Publication Title: | Journal of Business Venturing | ||||||||
Publisher: | Elsevier BV | ||||||||
ISSN: | 0883-9026 | ||||||||
Official Date: | September 2020 | ||||||||
Dates: |
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Volume: | 35 | ||||||||
Number: | 5 | ||||||||
Article Number: | 106041 | ||||||||
DOI: | 10.1016/j.jbusvent.2020.106041 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 23 June 2020 | ||||||||
Date of first compliant Open Access: | 17 June 2022 |
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