EXPLAINING ENTREPRENEURIAL INTENT AND BEHAVIOR: MODERATING EFFECTS OF EFFICACY AND CONTROL BELIEFS (SUMMARY)

Erik Willard Monsen, Max Planck Institute of Economics
Diemo Urbig, University of Antwerp
Maija Renko, University of Illinois at Chicago
Ayman El Tarabishy, George Washington University
Leon Schjoedt, University of Central Florida

Abstract

Self-efficacy (Krueger et al., 2000; Zhao et al., 2005) and locus of control (Evans & Leighton, 1989; Schiller & Crewson, 1997) are important in explaining entrepreneurial intentions and behavior. Further, research demonstrates that entrepreneurs and non-entrepreneurs perceive risk differently (Baron, 1998; Palich & Bagby, 1995). Integrating these ideas and building on Bandura’s proposal that “control beliefs affect the extent to which efficacy beliefs shape outcome expectancies” (1997:23), Monsen and Urbig (2009) developed the Theory of Mixed Control, which states that control beliefs moderate the influence of efficacy beliefs on risk perceptions..

Recommended Citation

Monsen, Erik Willard; Urbig, Diemo; Renko, Maija; El Tarabishy, Ayman; and Schjoedt, Leon (2010) "EXPLAINING ENTREPRENEURIAL INTENT AND BEHAVIOR: MODERATING EFFECTS OF EFFICACY AND CONTROL BELIEFS (SUMMARY)," Frontiers of Entrepreneurship Research: Vol. 30: Iss. 5, Article 13.
Available at: http://digitalknowledge.babson.edu/fer/vol30/iss5/13