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The influence of the psychological factors upon the entrepreneurial tendency in crisis environments

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  • Marcu, Gabriela
  • Iordanescua, Cornelia
  • Iordanescua, Eugen

Abstract

We aim to determine whether the relationship of psychological factors and environmental factors affecting the entrepreneurial tendency change, due to perceptions of negative economic environment/economic crisis. The study focuses on the way in which perceptions of economic crisis and scarcity of money affects the entrepreneurial tendency of young people. We selected 152 students with Internal Locus of Control/ILC (using Rotter's Locus of Control Scale), and they were involved in four experimental scenarios. The exposure of young people with ILC in crisis conditions significantly affects their entrepreneurial tendency, while the intensity of scarcity of money has an insignificant effect.

Suggested Citation

  • Marcu, Gabriela & Iordanescua, Cornelia & Iordanescua, Eugen, 2012. "The influence of the psychological factors upon the entrepreneurial tendency in crisis environments," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 33(Supplemen), pages 473-477.
    • Handle: RePEc:zbw:espost:172296
    DOI: 10.1016/j.sbspro.2012.01.166
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    References listed on IDEAS

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    1. Robert A. Lowe & Arvids A. Ziedonis, 2006. "Overoptimism and the Performance of Entrepreneurial Firms," Management Science, INFORMS, vol. 52(2), pages 173-186, February.
    2. Busenitz, Lowell W. & Barney, Jay B., 1997. "Differences between entrepreneurs and managers in large organizations: Biases and heuristics in strategic decision-making," Journal of Business Venturing, Elsevier, vol. 12(1), pages 9-30, January.
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    Cited by:

    1. Martínez Mateo, Jesús & Mira Solves, Ignacio & Gómez Gras, José M.ª, 2013. "Influence of the economic cycle on the determinants of nascent entrepreneurial activity. An empirical analysis of the Spanish case," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 26, pages 19-45.

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