Explaining entrepreneurial intent and behavior : moderating effects of efficacy and control beliefs (summary)
Faculty of Applied Economics
Frpntiers of entrepreneurship research
, p. 251-
University of Antwerp
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 Banduras 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..