Get access

Counterfactual Thinking and Entrepreneurial Self-Efficacy: The Moderating Role of Self-Esteem and Dispositional Affect

Authors

  • Punit Arora,

    Corresponding author
    1. Syracuse University's Whitman School of Management
      Punit Arora, tel.: 315-443-3468; e-mail: punitsarora@gmail.com, to J. Michael Haynie at jmhaynie@syr.edu, and to Gregory A. Laurence at glaurenc@umflint.edu.
    Search for more papers by this author
  • J. Michael Haynie,

    Corresponding author
    1. Whitman School of Management, Syracuse University
      Punit Arora, tel.: 315-443-3468; e-mail: punitsarora@gmail.com, to J. Michael Haynie at jmhaynie@syr.edu, and to Gregory A. Laurence at glaurenc@umflint.edu.
    Search for more papers by this author
  • Gregory A. Laurence

    Corresponding author
    1. School of Management, University of Michigan, Flint
      Punit Arora, tel.: 315-443-3468; e-mail: punitsarora@gmail.com, to J. Michael Haynie at jmhaynie@syr.edu, and to Gregory A. Laurence at glaurenc@umflint.edu.
    Search for more papers by this author

Punit Arora, tel.: 315-443-3468; e-mail: punitsarora@gmail.com, to J. Michael Haynie at jmhaynie@syr.edu, and to Gregory A. Laurence at glaurenc@umflint.edu.

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.

Get access to the full text of this article

Ancillary