Riding on an entrepreneurial intention cycle? Explaining bidirectional spillover between volition and motivation

•It measured the bidirectional spillover effect between motivation and volition.•Entrepreneurial intentions and actions stem from motivation and volition.•Psychological resources develop venturing enthusiasts into fully-fledged entrepreneurs.•Entrepreneurial motivation and volition as an interacting...

Full description

Saved in:
Bibliographic Details
Published in:Technological forecasting & social change 2021-12, Vol.173, p.121116, Article 121116
Main Authors: To, Chester K.M., Castillo, Agustin Carrilero, Berenguer, Klaus Jurgen Ulrich, Chau, K.P.
Format: Article
Language:English
Subjects:
Action
Entrepreneurial fledgling
Entrepreneurial intention
Entrepreneurship
Motivation
Motivation-volition spillover
RI-CLPM
Will
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:•It measured the bidirectional spillover effect between motivation and volition.•Entrepreneurial intentions and actions stem from motivation and volition.•Psychological resources develop venturing enthusiasts into fully-fledged entrepreneurs.•Entrepreneurial motivation and volition as an interacting mindset system.•The virtues of motivation and volition reinforce each other in pursuit of long-term venturing aspirations. This paper discusses entrepreneurial intention as originating from two discrete, inter-regulating psychological states, motivation and volition, in pursuits of distant venturing goals. The dependencies and tendencies of these two states are represented by a cross-lagged panel model with random intercepts (RI-CLPM) that can capture motivation-volition spillover as well as longitudinal carry-over effects in a timespan of four entrepreneurial action episodes. The RI-CLPM comprises three model components, namely the measurement of factorial structures, auto-correlated panel dynamics, and a causal pathway associated with distant entrepreneurial goals. In addition, the RI-CLPM is an integrated panel model that can estimate all relational effects simultaneously. One hundred and sixty-three entrepreneurial fledglings provided the data over eight months in 2020. The analytic findings offer insight into entrepreneurs’ consciousness over controlling the motivation-volition spillover attributed to perseverance, expediency, and sensitivity to market demands in a long-term venturing journey.
ISSN:0040-1625
1873-5509
DOI:10.1016/j.techfore.2021.121116