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

Punit Arora, J. Michael Haynie and Gregory A. Laurence

Entrepreneurship Theory and Practice, 2013, vol. 37, issue 2, 359-385

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.

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:sae:entthe:v:37:y:2013:i:2:p:359-385

DOI: 10.1111/j.1540-6520.2011.00472.x

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