Risk Propensity, Self-Regulation, and Entrepreneurial Intention: Empirical Evidence from China

Drawing on a self-regulation perspective, we develop and test a theoretical model linking risk propensity to entrepreneurial intention through the mechanisms of entrepreneurial self-efficacy and regulatory focus. Using survey data collected from a sample of 210 employees and managers in China, the r...

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Bibliographic Details
Published in:Current psychology (New Brunswick, N.J.) N.J.), 2018-09, Vol.37 (3), p.648-660
Main Authors: Gu, Jibao, Hu, Lingyu, Wu, Jianlin, Lado, Augustine A.
Format: Article
Language:English
Subjects:
Behavioral Science and Psychology
Entrepreneurs
Entrepreneurship
Psychological aspects
Psychological research
Psychology
Regulation
Risk taking
Self control
Social Sciences
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Summary:Drawing on a self-regulation perspective, we develop and test a theoretical model linking risk propensity to entrepreneurial intention through the mechanisms of entrepreneurial self-efficacy and regulatory focus. Using survey data collected from a sample of 210 employees and managers in China, the results indicated that entrepreneurial self-efficacy and promotion focus (but not prevention focus) are positively associated with entrepreneurial intention. Furthermore, these two self-regulatory mechanisms partially mediate the relationship between risk propensity and entrepreneurial intention. Implications for entrepreneurship research and practice are offered.
ISSN:1046-1310
1936-4733
DOI:10.1007/s12144-016-9547-7