The Interaction Between Self-Efficacy, Fear of Failure, and Entrepreneurial Passion: Evidence from Business Students in Emerging Economies
This study examines the relationship between fear of failure, entrepreneurial passion, and entrepreneurial self-efficacy among university business students from four emerging Latin American economies: Mexico, Colombia, Peru, and Ecuador. This research addresses the need to understand the psychologic...
Guardado en:
| Autores principales: | , , , , , , |
|---|---|
| Formato: | Artículo |
| Lenguaje: | inglés |
| Publicado: |
2025
|
| Materias: | |
| Acceso en línea: | Ver en el sistema de origen Ver en el sistema de origen Enlace permanente (DOI o Handle) Enlace permanente (DOI o Handle) |
| Etiquetas: |
Sin Etiquetas, Sea el primero en etiquetar este registro!
|
| _version_ | 1881508952873631744 |
|---|---|
| author | Elizabeth Emperatriz García-Salirrosas Dany Yudet Millones-Liza Rafael Fernando Rondon-Eusebio Jorge Alberto Esponda-Pérez Eulalia Elizabeth Salas-Tenesaca Reinaldo Armas Herrera María-Fernanda Zumba-Zúñiga |
| author_browse | Dany Yudet Millones-Liza Elizabeth Emperatriz García-Salirrosas Eulalia Elizabeth Salas-Tenesaca Jorge Alberto Esponda-Pérez María-Fernanda Zumba-Zúñiga Rafael Fernando Rondon-Eusebio Reinaldo Armas Herrera |
| author_facet | Elizabeth Emperatriz García-Salirrosas Dany Yudet Millones-Liza Rafael Fernando Rondon-Eusebio Jorge Alberto Esponda-Pérez Eulalia Elizabeth Salas-Tenesaca Reinaldo Armas Herrera María-Fernanda Zumba-Zúñiga |
| author_sort | Elizabeth Emperatriz García-Salirrosas |
| collection | Producción científica |
| description | This study examines the relationship between fear of failure, entrepreneurial passion, and entrepreneurial self-efficacy among university business students from four emerging Latin American economies: Mexico, Colombia, Peru, and Ecuador. This research addresses the need to understand the psychological factors that influence entrepreneurship, particularly in developing economies. Using non-probability convenience sampling, surveys were distributed between June 2021 and August 2022, and 961 valid responses were obtained. Scales from renowned researchers were used, which were translated and semantically validated in Spanish to measure the three variables. The data were analyzed using structural equation modeling with PLS. The overall results reveal that fear of failure negatively affects entrepreneurial passion, while entrepreneurial passion has a positive and significant relationship with entrepreneurial self-efficacy. Furthermore, entrepreneurial passion has a positive and significant relationship with fear of failure and entrepreneurial self-efficacy, with substantial differences between countries. Gender differences were also identified: in women, all relationships in the model were significant, while in men, the direct effect of fear of failure on entrepreneurial self-efficacy did not reach statistical significance. These findings contribute to the entrepreneurship literature by demonstrating that the relationship between these psychological variables varies by context (country) and gender, contradicting the notion of a universal effect. |
| format | Article |
| id | oai:cris.upeu.edu.pe:20.500.15037/1384 |
| institution | UPeU |
| language | English |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| record_format | dspace |
| spelling | oai:cris.upeu.edu.pe:20.500.15037/13842026-10-30T16:15:42ZThe Interaction Between Self-Efficacy, Fear of Failure, and Entrepreneurial Passion: Evidence from Business Students in Emerging EconomiesElizabeth Emperatriz García-SalirrosasDany Yudet Millones-LizaRafael Fernando Rondon-EusebioJorge Alberto Esponda-PérezEulalia Elizabeth Salas-TenesacaReinaldo Armas HerreraMaría-Fernanda Zumba-ZúñigaPassionFear of failureEntrepreneurshipStructural equation modelingContext (archaeology)PsychologyLatin AmericansSocial psychologySelf-efficacyEmerging marketsPolitical scienceEconomicsGeographyMathematicsLawArchaeologyMacroeconomicsStatisticsPassionFear of failureEntrepreneurshipStructural equation modelingContext (archaeology)PsychologyLatin AmericansSocial psychologySelf-efficacyEmerging marketsPolitical scienceEconomicsGeographyMathematicsSocial Sciences Business, Management and Accounting Management of Technology and Innovation Entrepreneurship Studies and InfluencesSocial Sciences Business, Management and Accounting Business and International Management Innovation and Socioeconomic DevelopmentSocial Sciences Economics, Econometrics and Finance Economics and Econometrics COVID-19 Pandemic ImpactsThis study examines the relationship between fear of failure, entrepreneurial passion, and entrepreneurial self-efficacy among university business students from four emerging Latin American economies: Mexico, Colombia, Peru, and Ecuador. This research addresses the need to understand the psychological factors that influence entrepreneurship, particularly in developing economies. Using non-probability convenience sampling, surveys were distributed between June 2021 and August 2022, and 961 valid responses were obtained. Scales from renowned researchers were used, which were translated and semantically validated in Spanish to measure the three variables. The data were analyzed using structural equation modeling with PLS. The overall results reveal that fear of failure negatively affects entrepreneurial passion, while entrepreneurial passion has a positive and significant relationship with entrepreneurial self-efficacy. Furthermore, entrepreneurial passion has a positive and significant relationship with fear of failure and entrepreneurial self-efficacy, with substantial differences between countries. Gender differences were also identified: in women, all relationships in the model were significant, while in men, the direct effect of fear of failure on entrepreneurial self-efficacy did not reach statistical significance. These findings contribute to the entrepreneurship literature by demonstrating that the relationship between these psychological variables varies by context (country) and gender, contradicting the notion of a universal effect.Articlehttps://pubmed.ncbi.nlm.nih.gov/40723735https://www.mdpi.com/2076-328X/15/7/951/pdfhttps://doi.org/10.3390/bs1507095110.3390/bs15070951https://hdl.handle.net/20.500.15037/1384W4412726702enBehavioral Sciences2076-328X2025-07-142026-06-13T09:56:33Z2026-06-13T09:56:33Z |
| spellingShingle | Passion Fear of failure Entrepreneurship Structural equation modeling Context (archaeology) Psychology Latin Americans Social psychology Self-efficacy Emerging markets Political science Economics Geography Mathematics Law Archaeology Macroeconomics Statistics Passion Fear of failure Entrepreneurship Structural equation modeling Context (archaeology) Psychology Latin Americans Social psychology Self-efficacy Emerging markets Political science Economics Geography Mathematics Social Sciences Business, Management and Accounting Management of Technology and Innovation Entrepreneurship Studies and Influences Social Sciences Business, Management and Accounting Business and International Management Innovation and Socioeconomic Development Social Sciences Economics, Econometrics and Finance Economics and Econometrics COVID-19 Pandemic Impacts Elizabeth Emperatriz García-Salirrosas Dany Yudet Millones-Liza Rafael Fernando Rondon-Eusebio Jorge Alberto Esponda-Pérez Eulalia Elizabeth Salas-Tenesaca Reinaldo Armas Herrera María-Fernanda Zumba-Zúñiga The Interaction Between Self-Efficacy, Fear of Failure, and Entrepreneurial Passion: Evidence from Business Students in Emerging Economies |
| title | The Interaction Between Self-Efficacy, Fear of Failure, and Entrepreneurial Passion: Evidence from Business Students in Emerging Economies |
| title_full | The Interaction Between Self-Efficacy, Fear of Failure, and Entrepreneurial Passion: Evidence from Business Students in Emerging Economies |
| title_fullStr | The Interaction Between Self-Efficacy, Fear of Failure, and Entrepreneurial Passion: Evidence from Business Students in Emerging Economies |
| title_full_unstemmed | The Interaction Between Self-Efficacy, Fear of Failure, and Entrepreneurial Passion: Evidence from Business Students in Emerging Economies |
| title_short | The Interaction Between Self-Efficacy, Fear of Failure, and Entrepreneurial Passion: Evidence from Business Students in Emerging Economies |
| title_sort | interaction between self efficacy fear of failure and entrepreneurial passion evidence from business students in emerging economies |
| topic | Passion Fear of failure Entrepreneurship Structural equation modeling Context (archaeology) Psychology Latin Americans Social psychology Self-efficacy Emerging markets Political science Economics Geography Mathematics Law Archaeology Macroeconomics Statistics Passion Fear of failure Entrepreneurship Structural equation modeling Context (archaeology) Psychology Latin Americans Social psychology Self-efficacy Emerging markets Political science Economics Geography Mathematics Social Sciences Business, Management and Accounting Management of Technology and Innovation Entrepreneurship Studies and Influences Social Sciences Business, Management and Accounting Business and International Management Innovation and Socioeconomic Development Social Sciences Economics, Econometrics and Finance Economics and Econometrics COVID-19 Pandemic Impacts |
| topic_facet | Passion Fear of failure Entrepreneurship Structural equation modeling Context (archaeology) Psychology Latin Americans Social psychology Self-efficacy Emerging markets Political science Economics Geography Mathematics Law Archaeology Macroeconomics Statistics Passion Fear of failure Entrepreneurship Structural equation modeling Context (archaeology) Psychology Latin Americans Social psychology Self-efficacy Emerging markets Political science Economics Geography Mathematics Social Sciences Business, Management and Accounting Management of Technology and Innovation Entrepreneurship Studies and Influences Social Sciences Business, Management and Accounting Business and International Management Innovation and Socioeconomic Development Social Sciences Economics, Econometrics and Finance Economics and Econometrics COVID-19 Pandemic Impacts |
| url | https://pubmed.ncbi.nlm.nih.gov/40723735 https://www.mdpi.com/2076-328X/15/7/951/pdf https://doi.org/10.3390/bs15070951 https://hdl.handle.net/20.500.15037/1384 |
| work_keys_str_mv | AT elizabethemperatrizgarciasalirrosas theinteractionbetweenselfefficacyfearoffailureandentrepreneurialpassionevidencefrombusinessstudentsinemergingeconomies AT danyyudetmillonesliza theinteractionbetweenselfefficacyfearoffailureandentrepreneurialpassionevidencefrombusinessstudentsinemergingeconomies AT rafaelfernandorondoneusebio theinteractionbetweenselfefficacyfearoffailureandentrepreneurialpassionevidencefrombusinessstudentsinemergingeconomies AT jorgealbertoespondaperez theinteractionbetweenselfefficacyfearoffailureandentrepreneurialpassionevidencefrombusinessstudentsinemergingeconomies AT eulaliaelizabethsalastenesaca theinteractionbetweenselfefficacyfearoffailureandentrepreneurialpassionevidencefrombusinessstudentsinemergingeconomies AT reinaldoarmasherrera theinteractionbetweenselfefficacyfearoffailureandentrepreneurialpassionevidencefrombusinessstudentsinemergingeconomies AT mariafernandazumbazuniga theinteractionbetweenselfefficacyfearoffailureandentrepreneurialpassionevidencefrombusinessstudentsinemergingeconomies AT elizabethemperatrizgarciasalirrosas interactionbetweenselfefficacyfearoffailureandentrepreneurialpassionevidencefrombusinessstudentsinemergingeconomies AT danyyudetmillonesliza interactionbetweenselfefficacyfearoffailureandentrepreneurialpassionevidencefrombusinessstudentsinemergingeconomies AT rafaelfernandorondoneusebio interactionbetweenselfefficacyfearoffailureandentrepreneurialpassionevidencefrombusinessstudentsinemergingeconomies AT jorgealbertoespondaperez interactionbetweenselfefficacyfearoffailureandentrepreneurialpassionevidencefrombusinessstudentsinemergingeconomies AT eulaliaelizabethsalastenesaca interactionbetweenselfefficacyfearoffailureandentrepreneurialpassionevidencefrombusinessstudentsinemergingeconomies AT reinaldoarmasherrera interactionbetweenselfefficacyfearoffailureandentrepreneurialpassionevidencefrombusinessstudentsinemergingeconomies AT mariafernandazumbazuniga interactionbetweenselfefficacyfearoffailureandentrepreneurialpassionevidencefrombusinessstudentsinemergingeconomies |