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Counterfactual Thinking and Entrepreneurial Self–Efficacy: The Moderating Role of Self–Esteem and Dispositional Affect

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  • Punit Arora
  • J. Michael Haynie
  • Gregory A. Laurence

Abstract

Scholars have suggested that counterfactual thinking may play an important role in entrepreneurship; however, empirical research positioned to inform the nature of this relationship has been equivocal. In this study, we draw on the tenets of social cognition theory as a basis to investigate the relationship between counterfactual thinking and the dispositional attributes of the entrepreneur, hypothesizing concomitant influences upon the entrepreneur's self–efficacy. Based on a survey of 138 entrepreneurs, our findings suggest that the implications of counterfactual thinking for entrepreneurial self–efficacy are moderated by individual differences based in the dispositional attributes of the entrepreneur.

Suggested Citation

  • Punit Arora & J. Michael Haynie & Gregory A. Laurence, 2013. "Counterfactual Thinking and Entrepreneurial Self–Efficacy: The Moderating Role of Self–Esteem and Dispositional Affect," Entrepreneurship Theory and Practice, , vol. 37(2), pages 359-385, March.
    • Handle: RePEc:sae:entthe:v:37:y:2013:i:2:p:359-385
    DOI: 10.1111/j.1540-6520.2011.00472.x
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    2. 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).

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