Understanding Entrepreneurial Mindset: A Study of Entrepreneurial Self-Efficacy, Locus of Control and Intent to Start a Business

The Journal of Engineering Entrepreneurship, Vol. 1, No. 1, July 2010, 51-62

11 Pages Posted: 5 Mar 2018

See all articles by Andrew S Borchers

Andrew S Borchers

Lipscomb University - Department of Management, Entrepreneurship and Marketing

Sung-Hee Park

Kettering University - Business Department

Multiple version iconThere are 2 versions of this paper

Date Written: July 1, 2010

Abstract

With growing interest in entrepreneurship in higher education, faculty are facing increased calls to instill an “entrepreneurial mindset” in students. The authors base this study on a rich literature history on self-efficacy and expectancy theory. Starting with work by Chen, Greene, and Crick (1998) and Rotter (1966), the study measures entrepreneurial self-efficacy (ESE) with 22 items, locus of control (LOC) with 23 items and intention to start a business (ITSB) with five items among a sample of engineering and business students (n=191). We also collected paired data from students before and after taking a course in innovation and new ventures. Along with basic analyses using correlation and paired sample t-tests, we performed a confirmatory factor analysis and a Multi-Group SEM to test the effects of LOC on the link between ESE and ITSB. We support Chen et al.’s (1998) work in showing that ESE and ITSB are in fact related, and we demonstrate a moderating role for LOC in the relationship between ESE and ITSB. The authors discuss conclusions and further areas for study.

Keywords: Entrepreneurial Mindset

JEL Classification: M13

Suggested Citation

Borchers, Andrew S and Park, Sung-Hee, Understanding Entrepreneurial Mindset: A Study of Entrepreneurial Self-Efficacy, Locus of Control and Intent to Start a Business (July 1, 2010). The Journal of Engineering Entrepreneurship, Vol. 1, No. 1, July 2010, 51-62, Available at SSRN: https://ssrn.com/abstract=3109171

Andrew S Borchers (Contact Author)

Lipscomb University - Department of Management, Entrepreneurship and Marketing ( email )

1 University Park Drive
Nashville, TN 37204
United States

HOME PAGE: http://www.lipscomb.edu/business

Sung-Hee Park

Kettering University - Business Department

1700 W. Third Ave
Flint, MI 48504
United States

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