Entrepreneurial Growth Intention and New Venture Performance in Times of Crisis: A Conceptual Model

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 performance, our comprehension of the factors impacting such performance during a crisis remains incomplete. 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 intention 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 entrepreneurship 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 explorations in our conceptualization.