Exploring the role played by entrepreneurial self-efficacy among women entrepreneurs in tourism sector |
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| Affiliation: | 1. University of the West of Scotland, UK;2. MBT, Middlesex University with Brunel University, London, UK;3. Universitas Mercatorum, Italy;1. Shenzhen University, China;2. Dongguan University of Technology, China;1. Swinburne University of Technology, Australia;2. Charles Sturt University, Australia;1. School of Management, Shandong University, Jinan, 250100, China;2. School of Business, Qingdao University of Technology, Tsingtao, 266071, China;1. Glorious Sun School of Business and Management, Donghua University, Shanghai, China;2. Supply Chain and Logistics Optimization Research Centre, Department of Mechanical, Automotive & Materials Engineering, University of Windsor, Windsor, Ontario, Canada;1. School of Information Management and Artificial Intelligence, Zhejiang University of Finance and Economics, Hangzhou, China;2. Department of Management and Management Information Systems, School of Business, University of West Florida, Pensacola, FL, USA |
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| Abstract: | This study aimed to explore how entrepreneurial self-efficacy impacts firms' performance among women entrepreneurs in developing countries in tourism and hospitality industry. Survey data collected from women entrepreneurs in Sri Lanka confirmed entrepreneurial self-efficacy is influenced by social media, entrepreneurial passion and entrepreneurial role models, whereas education and work experience had no influence over entrepreneurial self-efficacy. The mediating behavior of entrepreneurial persistence behavior is confirmed. For entrepreneurship stakeholders, this research revealed a critical factor that entrepreneurial self-efficacy is influenced by social media in digital world of technologies. Moreover, this research provided a validated model of entrepreneurial self-efficacy, enhancing its usage during the adversity or growth stages of business while producing valuable insights to policy makers in developing countries, enhancing women entrepreneurs’ contribution to the economy. |
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| Keywords: | Entrepreneurial self-efficacy Women entrepreneurship Entrepreneurial persistence behaviors Firm performance |
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