Abstract
The ability of individuals to recognize entrepreneurial opportunities is the decisive factor in their decision to pursue entrepreneurship as a career. Hence, the purpose of this study is to investigate the role of locus of control on opportunity recognition (OR) among aspiring entrepreneurs. With a two-wave survey data of 270 aspiring entrepreneurs, our results suggest that internal and external locus of control have positive and negative relationships with aspiring entrepreneurs’ OR, respectively. The findings also show that entrepreneurial intention mediates the positive and negative relationships of internal and external locus of control on OR. Entrepreneurial searching self-efficacy (ESSE) provides an interesting moderating effect. The study sheds light on an important but rarely explored research area: OR among aspiring entrepreneurs. Theoretical and practical implications are discussed.
| Original language | English |
|---|---|
| Pages (from-to) | 227-235 |
| Number of pages | 9 |
| Journal | Journal of Business Research |
| Volume | 98 |
| DOIs | |
| Publication status | Published - May 2019 |
Funding
sWe thank Associate Editor Domingo Ribeiro Soriano and the two anonymous reviewers for their guidance during the review process. An earlier version of this article was presented at the 2018 AIBSEAR Conference in Hong Kong.
Keywords
- Entrepreneurial intention
- Entrepreneurial self-efficacy
- Locus of control
- Opportunity recognition