The influence of locus of control on aspiring entrepreneurs’ entrepreneurial opportunity recognition

Eric ASANTE, Emmanuel AFFUM-OSEI

Research output: Other Conference ContributionsConference Paper (other)

Abstract

Entrepreneurial opportunities are very important in the decisions people make to choose entrepreneurship as their career. This makes one’s ability to recognize entrepreneurial opportunities very important. The current study explored how aspiring entrepreneurs recognize entrepreneurial opportunities. We conducted a two-wave study among 270 aspiring entrepreneurs in Ghana. Results of structural equation model provided support for our hypothesized model. We proposed and found that internal and external locus of control had positive and negative relationships with aspiring entrepreneurs’ entrepreneurial opportunity recognition, respectively. We also found that the positive and negative relationships of internal and external locus of control on entrepreneurial opportunity recognition were mediated by entrepreneurial intentions. Again, we found that entrepreneurial searching self-efficacy played an interesting moderating role. Specifically, entrepreneurial searching self-efficacy strengthens the positive relationship between entrepreneurial intentions and entrepreneurial opportunity recognition as well as the positive indirect relationship between internal locus of control and entrepreneurial opportunity recognition. In contrast, entrepreneurial searching self-efficacy weakens the negative indirect relationship between external locus of control and entrepreneurial opportunity recognition. Theoretical and practical implications of the findings are discussed.
Original languageEnglish
Publication statusPublished - Dec 2018
Event2018 AIB Southeast Asia Regional Conference: Entrepreneurship and Innovation in Emerging Markets - Lingnan University, Hong Kong, Hong Kong
Duration: 6 Dec 20188 Dec 2018
https://www.ln.edu.hk/aibsear/conferences/past.html

Conference

Conference2018 AIB Southeast Asia Regional Conference
Abbreviated title2018 AIBSEAR
CountryHong Kong
CityHong Kong
Period6/12/188/12/18
OtherThe 2018 Academy of International Business (AIB) Southeast Asia Regional Conference is organized by AIBSEAR during 6-8 December 2018, in Hong Kong. In particular this year, it will be co-organized by Lingnan University as a tribute to Lingnan University 50th Anniversary of reestablishment in Hong Kong. The theme of the 2018 AIBSEAR Hong Kong Conference is “Entrepreneurship and Innovation in Emerging Markets”.
Internet address

Fingerprint

Opportunity recognition
Locus of control
Entrepreneurs
Entrepreneurial opportunity
Self-efficacy
Entrepreneurial intention
Structural equation model
Ghana
Entrepreneurship

Keywords

  • Locus of control
  • entrepreneurial intentions
  • entrepreneurial self-efficacy
  • entrepreneurial opportunity recognition
  • career decision

Cite this

ASANTE, E., & AFFUM-OSEI, E. (2018). The influence of locus of control on aspiring entrepreneurs’ entrepreneurial opportunity recognition. Paper presented at 2018 AIB Southeast Asia Regional Conference, Hong Kong, Hong Kong.
ASANTE, Eric ; AFFUM-OSEI, Emmanuel. / The influence of locus of control on aspiring entrepreneurs’ entrepreneurial opportunity recognition. Paper presented at 2018 AIB Southeast Asia Regional Conference, Hong Kong, Hong Kong.
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ASANTE, E & AFFUM-OSEI, E 2018, 'The influence of locus of control on aspiring entrepreneurs’ entrepreneurial opportunity recognition', Paper presented at 2018 AIB Southeast Asia Regional Conference, Hong Kong, Hong Kong, 6/12/18 - 8/12/18.

The influence of locus of control on aspiring entrepreneurs’ entrepreneurial opportunity recognition. / ASANTE, Eric; AFFUM-OSEI, Emmanuel.

2018. Paper presented at 2018 AIB Southeast Asia Regional Conference, Hong Kong, Hong Kong.

Research output: Other Conference ContributionsConference Paper (other)

TY - CONF

T1 - The influence of locus of control on aspiring entrepreneurs’ entrepreneurial opportunity recognition

AU - ASANTE, Eric

AU - AFFUM-OSEI, Emmanuel

PY - 2018/12

Y1 - 2018/12

N2 - Entrepreneurial opportunities are very important in the decisions people make to choose entrepreneurship as their career. This makes one’s ability to recognize entrepreneurial opportunities very important. The current study explored how aspiring entrepreneurs recognize entrepreneurial opportunities. We conducted a two-wave study among 270 aspiring entrepreneurs in Ghana. Results of structural equation model provided support for our hypothesized model. We proposed and found that internal and external locus of control had positive and negative relationships with aspiring entrepreneurs’ entrepreneurial opportunity recognition, respectively. We also found that the positive and negative relationships of internal and external locus of control on entrepreneurial opportunity recognition were mediated by entrepreneurial intentions. Again, we found that entrepreneurial searching self-efficacy played an interesting moderating role. Specifically, entrepreneurial searching self-efficacy strengthens the positive relationship between entrepreneurial intentions and entrepreneurial opportunity recognition as well as the positive indirect relationship between internal locus of control and entrepreneurial opportunity recognition. In contrast, entrepreneurial searching self-efficacy weakens the negative indirect relationship between external locus of control and entrepreneurial opportunity recognition. Theoretical and practical implications of the findings are discussed.

AB - Entrepreneurial opportunities are very important in the decisions people make to choose entrepreneurship as their career. This makes one’s ability to recognize entrepreneurial opportunities very important. The current study explored how aspiring entrepreneurs recognize entrepreneurial opportunities. We conducted a two-wave study among 270 aspiring entrepreneurs in Ghana. Results of structural equation model provided support for our hypothesized model. We proposed and found that internal and external locus of control had positive and negative relationships with aspiring entrepreneurs’ entrepreneurial opportunity recognition, respectively. We also found that the positive and negative relationships of internal and external locus of control on entrepreneurial opportunity recognition were mediated by entrepreneurial intentions. Again, we found that entrepreneurial searching self-efficacy played an interesting moderating role. Specifically, entrepreneurial searching self-efficacy strengthens the positive relationship between entrepreneurial intentions and entrepreneurial opportunity recognition as well as the positive indirect relationship between internal locus of control and entrepreneurial opportunity recognition. In contrast, entrepreneurial searching self-efficacy weakens the negative indirect relationship between external locus of control and entrepreneurial opportunity recognition. Theoretical and practical implications of the findings are discussed.

KW - Locus of control

KW - entrepreneurial intentions

KW - entrepreneurial self-efficacy

KW - entrepreneurial opportunity recognition

KW - career decision

M3 - Conference Paper (other)

ER -

ASANTE E, AFFUM-OSEI E. The influence of locus of control on aspiring entrepreneurs’ entrepreneurial opportunity recognition. 2018. Paper presented at 2018 AIB Southeast Asia Regional Conference, Hong Kong, Hong Kong.