Endings and Visions of New Beginnings: The Effects of Source of Unemployment and Duration of Unemployment on Entrepreneurial Intent

Wood Matthew (), McKinley William () and Engstrom Craig L. ()
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Wood Matthew: Baylor University, Waco, TX, USA
McKinley William: Southern Illinois University, Carbondale, IL, USA
Engstrom Craig L.: Elmhurst College, Elmhurst, IL, USA

Entrepreneurship Research Journal, 2013, vol. 3, issue 2, 171-206

Abstract: This study adopts the push-entrepreneurship perspective and develops a conceptual framework grounded in prospect theory, in order to investigate whether source of sunemployment, layoff in particular, and duration of unemployment stimulate entrepreneurial intent. We also propose that fear of failure and risk propensity moderate the source/duration–entrepreneurial intent relationships. We test our hypotheses using survey data from a sample of unemployed individuals. Results show that both layoff and duration of unemployment are stimuli for higher entrepreneurial intent, and the source of unemployment-intent relationship is moderated by fear of failure and risk propensity. We discuss the implications of these results.

Keywords: Entrepreneurship; unemployment; layoff; prospect theory (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1515/erj-2012-0005

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