Development and psychometric properties entrepreneurial self-efficacy scale

Mariola Łaguna

Abstract


Self-efficacy beliefs can distinctively refer to different spheres of functioning and to different tasks, including entrepreneurial activity. The paper presents development of Entrepreneurial Self-Efficacy Scale (ESES) designed to measure perceived self-efficacy in carrying out tasks aimed at a new venture creation. Psychometric properties of the scale were evaluated on the basis of the data obtained from 315 potential entrepreneurs in a 1-year longitudinal study. Factor analysis of the ESES scores yielded three distinct narrower domains of entrepreneurial self-efficacy pertaining to: (1) gathering marketing information, (2) managing financial and legal matters, and (3) setting up business operations. The scale was shown to have high internal consistency with Cronbach’s alpha = 0.96. The ESES scores were also found to correlate positively with previous entrepreneurial experience and other personality measures, such as General Self-Efficacy Scale (GSES), Self-Esteem Scale (SES), Life Orientation Test (LOT-R) and Adult Dispositional Hope Scale (ADHS). People with an intention to create a new venture scored significantly higher on ESES than those without such an intention, and the level of entrepreneurial intention correlated positively with the ESES scores. All findings of the study suggest that ESES is a reliable and valid measure of entrepreneurial self-efficacy.


Keywords


Entrepreneurial Self-Efficacy Scale; self-efficacy; entrepreneurship; personality assessment

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