Counterfactual thinking and entrepreneurial self-efficacy: The moderating role of self-esteem and dispositional affect

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

Research output: Contribution to journalArticle

52 Scopus citations

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.

Original languageEnglish (US)
Pages (from-to)359-385
Number of pages27
JournalEntrepreneurship: Theory and Practice
Volume37
Issue number2
DOIs
StatePublished - Mar 1 2013

ASJC Scopus subject areas

  • Business and International Management
  • Economics and Econometrics

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