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

Chester K.M. To, Agustin Carrilero Castillo, Klaus Jurgen Ulrich Berenguer and K.P. Chau

Technological Forecasting and Social Change, 2021, vol. 173, issue C

Abstract: 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.

Keywords: Entrepreneurial intention; Motivation-volition spillover; RI-CLPM; Action; Entrepreneurial fledgling (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:173:y:2021:i:c:s0040162521005497

DOI: 10.1016/j.techfore.2021.121116

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