Partial least square (PLS) estimation results for direct effects
| Structural path from → to | β | SD | t-value | p-value |
|---|---|---|---|---|
| Hypothesized links (supported hypotheses in bold) | ||||
| H1 Formal Institutional Support → Entrepreneurial Self-Efficacy | 0.061 | 0.063 | 0.968 | n.s. |
| H2 Informal Institutional Support → Entrepreneurial Self-Efficacy | 0.291 | 0.060 | 4.823 | *** |
| H3 Entrepreneurial Self-Efficacy → Venture Performance | 0.542 | 0.063 | 8.560 | *** |
| H4a Formal Institutional Support → Venture Performance (Mediated by Entrepreneurial Self-Efficacy) | 0.033 | 0.034 | 0.961 | n.s. |
| H4b Informal Institutional Support → Venture Performance (Mediated by Entrepreneurial Self-Efficacy) | 0.158 | 0.038 | 4.122 | *** |
| Non-hypothesized links (control variables) | ||||
| Entrepreneur’s Age → Entrepreneurial Self-Efficacy | 0.112 | 0.059 | 1.890 | * |
| Educational Attainment → Entrepreneurial Self-Efficacy | 0.125 | 0.063 | 1.996 | ** |
| Entrepreneurial Experience → Entrepreneurial Self-Efficacy | 0.166 | 0.054 | 3.107 | *** |
| Family Ties → Entrepreneurial Self-Efficacy | −0.062 | 0.049 | 1.270 | n.s. |
| Marital Status (1: Married) → Entrepreneurial Self-Efficacy | −0.136 | 0.062 | 2.181 | ** |
| Entrepreneur’s Age → Venture Performance | −0.062 | 0.047 | 1.310 | n.s. |
| Educational Attainment → Venture Performance | 0.002 | 0.033 | 0.070 | n.s. |
| Entrepreneurial Experience → Venture Performance | 0.044 | 0.043 | 1.038 | n.s. |
| Family Ties → Venture Performance | −0.046 | 0.042 | 1.104 | n.s. |
| Marital Status (1: Married) → Venture Performance | 0.020 | 0.037 | 0.540 | n.s. |
| Structural path from → to | SD | |||
|---|---|---|---|---|
| 0.061 | 0.063 | 0.968 | n.s. | |
| 0.291 | 0.060 | 4.823 | ||
| 0.542 | 0.063 | 8.560 | ||
| 0.033 | 0.034 | 0.961 | n.s. | |
| 0.158 | 0.038 | 4.122 | ||
| Entrepreneur’s Age → Entrepreneurial Self-Efficacy | 0.112 | 0.059 | 1.890 | |
| Educational Attainment → Entrepreneurial Self-Efficacy | 0.125 | 0.063 | 1.996 | |
| Entrepreneurial Experience → Entrepreneurial Self-Efficacy | 0.166 | 0.054 | 3.107 | |
| Family Ties → Entrepreneurial Self-Efficacy | −0.062 | 0.049 | 1.270 | n.s. |
| Marital Status (1: Married) → Entrepreneurial Self-Efficacy | −0.136 | 0.062 | 2.181 | |
| Entrepreneur’s Age → Venture Performance | −0.062 | 0.047 | 1.310 | n.s. |
| Educational Attainment → Venture Performance | 0.002 | 0.033 | 0.070 | n.s. |
| Entrepreneurial Experience → Venture Performance | 0.044 | 0.043 | 1.038 | n.s. |
| Family Ties → Venture Performance | −0.046 | 0.042 | 1.104 | n.s. |
| Marital Status (1: Married) → Venture Performance | 0.020 | 0.037 | 0.540 | n.s. |
Notes: Sample size N = 202; levels of significance:
p < 0.1;
p < 0.05;
p < 0.01; n.s.: not significant; SD = standard deviation
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