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<p>This article investigates how a scientific approach to entrepreneurial decision-making shapes the performance of student-founded new ventures across countries through the psychological resource of founder resilience and varying institutional conditions. Building on the theory-based view, psychological capital theory, and an institutional perspective, the study conceptualizes scientific decision-making as a deliberate, evidence-oriented logic that entrepreneurs employ in uncertain environments, and examines how this logic translates into better performance when founders are more resilient. Using a cross-country dataset of 19,071 new ventures established by student entrepreneurs across 47 countries at different stages of economic development, the article shows that the indirect effect of a scientific approach on venture performance through founder resilience systematically varies with a country’s economic development level, highlighting important boundary conditions for the effectiveness of “acting as scientists”. In doing so, the study advances international entrepreneurship research by revealing when and where science-based decision-making and founder resilience jointly enhance new venture performance.</p>

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Acting as scientists under uncertainty: student founder resilience, scientific decision-making, and new venture performance across economies

  • 期刊论文

  • 发表日期：

    2026年6月18日

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  • Galina Shirokova,
  • Kseniia Veksler,
  • Daria Dvorkina,
  • Younggeun Lee,
  • Panagiotis Kokkalis

摘要

This article investigates how a scientific approach to entrepreneurial decision-making shapes the performance of student-founded new ventures across countries through the psychological resource of founder resilience and varying institutional conditions. Building on the theory-based view, psychological capital theory, and an institutional perspective, the study conceptualizes scientific decision-making as a deliberate, evidence-oriented logic that entrepreneurs employ in uncertain environments, and examines how this logic translates into better performance when founders are more resilient. Using a cross-country dataset of 19,071 new ventures established by student entrepreneurs across 47 countries at different stages of economic development, the article shows that the indirect effect of a scientific approach on venture performance through founder resilience systematically varies with a country’s economic development level, highlighting important boundary conditions for the effectiveness of “acting as scientists”. In doing so, the study advances international entrepreneurship research by revealing when and where science-based decision-making and founder resilience jointly enhance new venture performance.