Entrepreneur Resilience: How Do Entrepreneurial Self-Efficacy and Basic Psychological Needs Influence It? The Effect of COVID-19 on Malaysia's Small and Medium Enterprises

Abstract

The latest COVID-19 pandemic has affected industries worldwide, impacting virtually every industry and business field. Small and medium-sized businesses, in particular, have been hard hit due to a lack of funding and skills. The current study attempted to examine the impact of entrepreneurial self-efficacy and basic psychological needs on entrepreneur resilience among SMEs in Malaysia during the critical period of COVID-19. This integrated two-theory analysis article presents the findings of social cognitive theory and self-determination theory as one of the contributions to the body of knowledge in describing the relationship between a construct within the research context. Theoretical and practical implications are also discussed based on the proposed framework.

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