Trust and self-efficacy in formal learning networks: the effects on entrepreneurs’ capacity to act upon business opportunities
2012 (English)In: International Journal of Innovation and Learning, ISSN 1471-8197, E-ISSN 1741-8089, Vol. 12, no 2Article in journal (Refereed) Published
In efforts to promote better realization of business opportunities, government support of formal policy led learning networks among entrepreneurs has been a popular approach world-wide. This article uses survey data from 109 entrepreneurs who took part in formal learning networks to examine how trust in network partners influences the capacity to act upon business opportunities for entrepreneurs. Further, we examine how this influence is moderated by the entrepreneurs’ own self-efficacy. Our results support a positive relationship between developing trust in other networking entrepreneurs and the capacity to act upon business opportunities. Self-efficacy was found to moderate this relationship. For entrepreneurs with low self-efficacy, results support an inverted U-shaped relationship, with the greatest outcomes reached with an intermediate level of trust. For entrepreneurs with high self-efficacy, a positive linear relationship is supported. We discuss implications for further research on trust and realization of opportunities, and for learning network policy.
Place, publisher, year, edition, pages
Inderscience , 2012. Vol. 12, no 2
learning, networks, entrepreneurs, trust, self-efficacy, business opportunities
Research subject Business Studies
IdentifiersURN: urn:nbn:se:umu:diva-40850DOI: 10.1504/IJIL.2012.048354OAI: oai:DiVA.org:umu-40850DiVA: diva2:403155