I got this! resource bundles and adversity: A situated entrepreneurial optimism perspective

Abstract

Remaining optimistic in the face of adversity is critical during the entrepreneurial process. Entrepreneurship research has overwhelmingly focused on the consequences of optimism. Here, we shift this attention to the “whence” of optimism. Integrating micro- and macro-level resource theories, we build a situated entrepreneurial optimism framework to contend that resource combinations are associated with entrepreneurial optimism. To explore resource configurations, we use fuzzy-set qualitative comparative analysis (fsQCA) and examine five resource components tapping into human, social, and financial capital. We find that entrepreneurial optimism does not rest on one resource component but on the combination of at least two. Human and social capital components form a part of most configurations consistently associated with entrepreneurial optimism. This study extends entrepreneurship research by shifting the theoretical and empirical focus to the antecedents of optimism and contributes to macro-level resource theories by linking resources to more proximal venture outcomes.