Polychronicity, decision-making and entrepreneurial self-efficacy of venture team founders: an exploratory study

Abstract

Purpose – This study explores the role of polychronic temporal orientation and decision-making decentralization on founders' perceptions of entrepreneurial self-efficacy (ESE). Design/methodology/approach – Longitudinal survey data were collected from 141 business founders in China. Findings – Findings suggest that decision-making decentralization is positively associated with founders' ESE. In addition, a polychronic temporal orientation is positively related to ESE, and this relationship is mediated by decision-making decentralization. Originality/value – This study adds to existing knowledge on ESE and temporal related issues by presenting empirical evidence that explains how and why the temporal orientation context and the practice of decision-making decentralization can shape ESE perceptions among venture founders.

Keywords

• Entrepreneurial self-efficacy
• Polychronic temporal orientation
• Decentralized decision-making
• Venture founders
• Practicing entrepreneurs