IDEAS home Printed from https://ideas.repec.org/a/eee/tefoso/v173y2021ics0040162521005497.html
   My bibliography  Save this article

Riding on an entrepreneurial intention cycle? Explaining bidirectional spillover between volition and motivation

Author

Listed:
  • To, Chester K.M.
  • Castillo, Agustin Carrilero
  • Berenguer, Klaus Jurgen Ulrich
  • Chau, K.P.

Abstract

This paper discusses entrepreneurial intention as originating from two discrete, inter-regulating psychological states, motivation and volition, in pursuits of distant venturing goals. The dependencies and tendencies of these two states are represented by a cross-lagged panel model with random intercepts (RI-CLPM) that can capture motivation-volition spillover as well as longitudinal carry-over effects in a timespan of four entrepreneurial action episodes. The RI-CLPM comprises three model components, namely the measurement of factorial structures, auto-correlated panel dynamics, and a causal pathway associated with distant entrepreneurial goals. In addition, the RI-CLPM is an integrated panel model that can estimate all relational effects simultaneously. One hundred and sixty-three entrepreneurial fledglings provided the data over eight months in 2020. The analytic findings offer insight into entrepreneurs’ consciousness over controlling the motivation-volition spillover attributed to perseverance, expediency, and sensitivity to market demands in a long-term venturing journey.

Suggested Citation

  • To, Chester K.M. & Castillo, Agustin Carrilero & Berenguer, Klaus Jurgen Ulrich & Chau, K.P., 2021. "Riding on an entrepreneurial intention cycle? Explaining bidirectional spillover between volition and motivation," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    • Handle: RePEc:eee:tefoso:v:173:y:2021:i:c:s0040162521005497
    DOI: 10.1016/j.techfore.2021.121116
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0040162521005497
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.techfore.2021.121116?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Espíritu-Olmos, Roberto & Sastre-Castillo, Miguel A., 2015. "Personality traits versus work values: Comparing psychological theories on entrepreneurial intention," Journal of Business Research, Elsevier, vol. 68(7), pages 1595-1598.
    2. Rey-Martí, Andrea & Ribeiro-Soriano, Domingo & Sánchez-García, José Luis, 2016. "Giving back to society: Job creation through social entrepreneurship," Journal of Business Research, Elsevier, vol. 69(6), pages 2067-2072.
    3. Hsu, Dan K. & Burmeister-Lamp, Katrin & Simmons, Sharon A. & Foo, Maw-Der & Hong, Michelle C. & Pipes, Jesse D., 2019. "“I know I can, but I don't fit”: Perceived fit, self-efficacy, and entrepreneurial intention," Journal of Business Venturing, Elsevier, vol. 34(2), pages 311-326.
    4. Esfandiar, Kourosh & Sharifi-Tehrani, Mohamad & Pratt, Stephen & Altinay, Levent, 2019. "Understanding entrepreneurial intentions: A developed integrated structural model approach," Journal of Business Research, Elsevier, vol. 94(C), pages 172-182.
    5. Gras, David & Conger, Michael & Jenkins, Anna & Gras, Michael, 2020. "Wicked problems, reductive tendency, and the formation of (non-)opportunity beliefs," Journal of Business Venturing, Elsevier, vol. 35(3).
    6. Asante, Eric Adom & Affum-Osei, Emmanuel, 2019. "Entrepreneurship as a career choice: The impact of locus of control on aspiring entrepreneurs' opportunity recognition," Journal of Business Research, Elsevier, vol. 98(C), pages 227-235.
    7. Kai Hockerts, 2017. "Determinants of Social Entrepreneurial Intentions," Entrepreneurship Theory and Practice, , vol. 41(1), pages 105-130, January.
    8. Fayolle, Alain & Liñán, Francisco, 2014. "The future of research on entrepreneurial intentions," Journal of Business Research, Elsevier, vol. 67(5), pages 663-666.
    9. Wiklund, Johan & Nikolaev, Boris & Shir, Nadav & Foo, Maw-Der & Bradley, Steve, 2019. "Entrepreneurship and well-being: Past, present, and future," Journal of Business Venturing, Elsevier, vol. 34(4), pages 579-588.
    10. Zoltán J. Ács & Pontus Braunerhjelm & David B. Audretsch & Bo Carlsson, 2015. "The knowledge spillover theory of entrepreneurship," Chapters, in: Global Entrepreneurship, Institutions and Incentives, chapter 7, pages 129-144, Edward Elgar Publishing.
    11. Jeffery S. McMullen & D. Ray Bagby & Leslie E. Palich, 2008. "Economic Freedom and the Motivation to Engage in Entrepreneurial Action," Entrepreneurship Theory and Practice, , vol. 32(5), pages 875-895, September.
    12. Chen, Chao C. & Greene, Patricia Gene & Crick, Ann, 1998. "Does entrepreneurial self-efficacy distinguish entrepreneurs from managers?," Journal of Business Venturing, Elsevier, vol. 13(4), pages 295-316, July.
    13. Hikkerova, Lubica & Ilouga, Samuel Nyock & Sahut, Jean-Michel, 2016. "The entrepreneurship process and the model of volition," Journal of Business Research, Elsevier, vol. 69(5), pages 1868-1873.
    14. Scheaf, David J. & Loignon, Andrew C. & Webb, Justin W. & Heggestad, Eric D. & Wood, Matthew S., 2020. "Measuring opportunity evaluation: Conceptual synthesis and scale development," Journal of Business Venturing, Elsevier, vol. 35(2).
    15. Laspita, Stavroula & Breugst, Nicola & Heblich, Stephan & Patzelt, Holger, 2012. "Intergenerational transmission of entrepreneurial intentions," Journal of Business Venturing, Elsevier, vol. 27(4), pages 414-435.
    16. Alain Fayolle & Paula Kyro & Toni Mets & Urve Venesaar, 2013. "Conceptual Richness and Methodological Diversity in Entrepreneurship Research," Post-Print hal-02298189, HAL.
    17. Ucbasaran, Deniz & Westhead, Paul & Wright, Mike, 2009. "The extent and nature of opportunity identification by experienced entrepreneurs," Journal of Business Venturing, Elsevier, vol. 24(2), pages 99-115, March.
    18. Bandura, Albert, 1991. "Social cognitive theory of self-regulation," Organizational Behavior and Human Decision Processes, Elsevier, vol. 50(2), pages 248-287, December.
    19. Audretsch, David B., 2009. "Entrepreneurship capital and economic growth," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 15, pages 27-45.
    20. Colin Donaldson & Francisco Liñán & Joaquin Alegre, 2021. "Entrepreneurial Intentions: Moving the Field Forwards," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 30(1), pages 30-55, March.
    21. To, Chester K.M. & Guaita Martínez, José Manuel & Orero-Blat, Maria & Chau, K.P., 2020. "Predicting motivational outcomes in social entrepreneurship: Roles of entrepreneurial self-efficacy and situational fit," Journal of Business Research, Elsevier, vol. 121(C), pages 209-222.
    22. Daniel V. Holland & Dean A. Shepherd, 2013. "Deciding to Persist: Adversity, Values, and Entrepreneurs’ Decision Policies," Entrepreneurship Theory and Practice, , vol. 37(2), pages 331-358, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. To, Chester K.M. & Guaita Martínez, José Manuel & Orero-Blat, Maria & Chau, K.P., 2020. "Predicting motivational outcomes in social entrepreneurship: Roles of entrepreneurial self-efficacy and situational fit," Journal of Business Research, Elsevier, vol. 121(C), pages 209-222.
    2. Madawala, Kalani & Foroudi, Pantea & Palazzo, Maria, 2023. "Exploring the role played by entrepreneurial self-efficacy among women entrepreneurs in tourism sector," Journal of Retailing and Consumer Services, Elsevier, vol. 74(C).
    3. Pham, Dung & Jones, Paul & Dobson, Stephen & Liñán, Francisco & Viala, Céline, 2021. "Entrepreneurial implementation intention as a tool to moderate the stability of entrepreneurial goal intention: A sensemaking approach," Journal of Business Research, Elsevier, vol. 123(C), pages 97-105.
    4. Brunella Arru, 2020. "An integrative model for understanding the sustainable entrepreneurs’ behavioural intentions: an empirical study of the Italian context," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(4), pages 3519-3576, April.
    5. Asante, Eric Adom & Affum-Osei, Emmanuel, 2019. "Entrepreneurship as a career choice: The impact of locus of control on aspiring entrepreneurs' opportunity recognition," Journal of Business Research, Elsevier, vol. 98(C), pages 227-235.
    6. Erik Lundmark & Anna Krzeminska & Dean A. Shepherd, 2019. "Images of Entrepreneurship: Exploring Root Metaphors and Expanding Upon Them," Entrepreneurship Theory and Practice, , vol. 43(1), pages 138-170, January.
    7. Tantawy, Maha & Herbert, Kendall & McNally, Jeffrey J. & Mengel, Thomas & Piperopoulos, Panagiotis & Foord, David, 2021. "Bringing creativity back to entrepreneurship education: Creative self-efficacy, creative process engagement, and entrepreneurial intentions," Journal of Business Venturing Insights, Elsevier, vol. 15(C).
    8. Shirokova, Galina & Osiyevskyy, Oleksiy & Bogatyreva, Karina, 2016. "Exploring the intention–behavior link in student entrepreneurship: Moderating effects of individual and environmental characteristics," European Management Journal, Elsevier, vol. 34(4), pages 386-399.
    9. Antonio Rafael Ramos-Rodríguez & José Aurelio Medina-Garrido & José Ruiz-Navarro, 2019. "Why not now? Intended timing in entrepreneurial intentions," International Entrepreneurship and Management Journal, Springer, vol. 15(4), pages 1221-1246, December.
    10. Dheer, Ratan J.S. & Castrogiovanni, Gary J., 2023. "Cognitive adaptability’s impact on entrepreneurial intent: The mediating roles of entrepreneurial passion and efficacy," Journal of Business Research, Elsevier, vol. 160(C).
    11. Welter, Chris & Scrimpshire, Alex, 2021. "The missing capital: The case for psychological capital in entrepreneurship research," Journal of Business Venturing Insights, Elsevier, vol. 16(C).
    12. Pittino, Daniel & Chirico, Francesco & Baù, Massimo & Villasana, Marcia & Naranjo-Priego, Elvira E. & Barron, Elda, 2020. "Starting a family business as a career option: The role of the family household in Mexico," Journal of Family Business Strategy, Elsevier, vol. 11(2).
    13. Najmul Hoda & Naim Ahmad & Shankar Lal Gupta & Mohammad Mahtab Alam & Irfan Ahmad, 2021. "Application of Entrepreneurial Intention Model in Comparative International Entrepreneurship Research: A Cross-Cultural Study of India and Saudi Arabia," Sustainability, MDPI, vol. 13(23), pages 1-23, December.
    14. Aikaterini Sarri & Stavroula Laspita & Anastasios Panopoulos, 2018. "Drivers and Barriers of Entrepreneurial Intentions in Times of Economic Crisis: The Gender Dimension," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 16(2), pages 147-170.
    15. Nosheena Yasir & Nasir Mahmood & Hafiz Shakir Mehmood & Muhammad Babar & Muhammad Irfan & An Liren, 2021. "Impact of Environmental, Social Values and the Consideration of Future Consequences for the Development of a Sustainable Entrepreneurial Intention," Sustainability, MDPI, vol. 13(5), pages 1-20, March.
    16. Pekka Stenholm & Zoltán J. Ács & Robert Wuebker, 2015. "Exploring country-level institutional arrangements on the rate and type of entrepreneurial activity," Chapters, in: Global Entrepreneurship, Institutions and Incentives, chapter 20, pages 387-404, Edward Elgar Publishing.
    17. Davide Hahn & Tommaso Minola & Giulio Bosio & Lucio Cassia, 2020. "The impact of entrepreneurship education on university students’ entrepreneurial skills: a family embeddedness perspective," Small Business Economics, Springer, vol. 55(1), pages 257-282, June.
    18. Anthony Igwe & Anastasia Ogbo & Emmanuel Agbaeze & James Abugu & Charity Ezenwakwelu & Henry Okwo, 2020. "Self-Efficacy and Subjective Norms as Moderators in the Networking Competence–Social Entrepreneurial Intentions Link," SAGE Open, , vol. 10(3), pages 21582440209, July.
    19. Zhao, Mengli & Sheng, Shibin & Yang, Xiangyu, 2023. "Are government employees more or less likely to venture? Evidence from China," Journal of Business Research, Elsevier, vol. 157(C).
    20. Carmen Păunescu & Mihaela Cornelia Popescu & Matthias Duennweber, 2018. "Factors Determining Desirability of Entrepreneurship in Romania," Sustainability, MDPI, vol. 10(11), pages 1-22, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:tefoso:v:173:y:2021:i:c:s0040162521005497. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.sciencedirect.com/science/journal/00401625 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.