Entrepreneurship as a career choice: The impact of locus of control on aspiring entrepreneurs’ opportunity recognition

Eric Adom Asante; Emmanuel Affum-Osei

doi:10.1016/j.jbusres.2019.02.006

Entrepreneurship as a career choice: The impact of locus of control on aspiring entrepreneurs’ opportunity recognition

Eric Adom Asante, Emmanuel Affum-Osei

Research output: Journal Publication › Article › peer-review

153 Citations (Scopus)

Abstract

The ability of individuals to recognize entrepreneurial opportunities is the decisive factor in their decision to pursue entrepreneurship as a career. Hence, the purpose of this study is to investigate the role of locus of control on opportunity recognition (OR) among aspiring entrepreneurs. With a two-wave survey data of 270 aspiring entrepreneurs, our results suggest that internal and external locus of control have positive and negative relationships with aspiring entrepreneurs’ OR, respectively. The findings also show that entrepreneurial intention mediates the positive and negative relationships of internal and external locus of control on OR. Entrepreneurial searching self-efficacy (ESSE) provides an interesting moderating effect. The study sheds light on an important but rarely explored research area: OR among aspiring entrepreneurs. Theoretical and practical implications are discussed.

Original language	English
Pages (from-to)	227-235
Number of pages	9
Journal	Journal of Business Research
Volume	98
DOIs	https://doi.org/10.1016/j.jbusres.2019.02.006
Publication status	Published - May 2019
Externally published	Yes

Keywords

Entrepreneurial intention
Entrepreneurial self-efficacy
Locus of control
Opportunity recognition

ASJC Scopus subject areas

Marketing

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10.1016/j.jbusres.2019.02.006

Cite this

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title = "Entrepreneurship as a career choice: The impact of locus of control on aspiring entrepreneurs{\textquoteright} opportunity recognition",

abstract = "The ability of individuals to recognize entrepreneurial opportunities is the decisive factor in their decision to pursue entrepreneurship as a career. Hence, the purpose of this study is to investigate the role of locus of control on opportunity recognition (OR) among aspiring entrepreneurs. With a two-wave survey data of 270 aspiring entrepreneurs, our results suggest that internal and external locus of control have positive and negative relationships with aspiring entrepreneurs{\textquoteright} OR, respectively. The findings also show that entrepreneurial intention mediates the positive and negative relationships of internal and external locus of control on OR. Entrepreneurial searching self-efficacy (ESSE) provides an interesting moderating effect. The study sheds light on an important but rarely explored research area: OR among aspiring entrepreneurs. Theoretical and practical implications are discussed.",

keywords = "Entrepreneurial intention, Entrepreneurial self-efficacy, Locus of control, Opportunity recognition",

author = "Asante, {Eric Adom} and Emmanuel Affum-Osei",

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year = "2019",

month = may,

doi = "10.1016/j.jbusres.2019.02.006",

language = "English",

volume = "98",

pages = "227--235",

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AU - Asante, Eric Adom

AU - Affum-Osei, Emmanuel

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Y1 - 2019/5

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AB - The ability of individuals to recognize entrepreneurial opportunities is the decisive factor in their decision to pursue entrepreneurship as a career. Hence, the purpose of this study is to investigate the role of locus of control on opportunity recognition (OR) among aspiring entrepreneurs. With a two-wave survey data of 270 aspiring entrepreneurs, our results suggest that internal and external locus of control have positive and negative relationships with aspiring entrepreneurs’ OR, respectively. The findings also show that entrepreneurial intention mediates the positive and negative relationships of internal and external locus of control on OR. Entrepreneurial searching self-efficacy (ESSE) provides an interesting moderating effect. The study sheds light on an important but rarely explored research area: OR among aspiring entrepreneurs. Theoretical and practical implications are discussed.

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Entrepreneurship as a career choice: The impact of locus of control on aspiring entrepreneurs’ opportunity recognition

Abstract

Keywords

ASJC Scopus subject areas

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