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Entrepreneurial Growth Intention and New Venture Performance in Times of Crisis: A Conceptual Model
Journal of Business and Technology 9(1): 17–28 · 2025
https://doi.org/10.4038/jbt.v9i1.144
Abstract
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.
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