Predicting entrepreneurial intentions through self-efficacy, family support, and regret

Abstract

Purpose Entrepreneurial activities are the outcome of various individual dispositional and environmental factors. Taking both internal and external factors as the basic premise of venturing, this study aims to investigate the impact of entrepreneurial self-efficacy on intentions through the mediating role of regret and moderation of family support. Design/methodology/approach Data was collected through a questionnaire from 435 students of three large public sector universities at two points of time with an interval of four months. Findings Self-efficacy influences entrepreneurial intentions through regret, while the absence of family support increases regret. As the family support is often perceived to be absent in the Pakistani entrepreneurial culture, the outcomes are distinctive. Originality/value These findings add value in the existing literature by linking family support, self-efficacy and regret association, and their ultimate influence on entrepreneurial intentions.

The experience of regret in small business failure: who’s to blame?

“…Furthermore, most research in entrepreneurship focuses on anticipated regret as a determinant of entrepreneurial intention and commitment (e.g. Ahmed et al, 2020;Bouderbala, 2019;Hatak and Snellman, 2017;Li, 2011) whereas the limited research on experienced regret centres on entrepreneurial failure or dissatisfaction (e.g. Markman et al, 2005;Hsu et al, 2019).…”

“…This is distinct from anticipated regret, which refers to an individual's anticipation about whether or not they will experience regret after making a decision, and is often considered a determinant of start-up behaviour (e.g. Ahmed et al, 2020;Bouderbala, 2019;Hatak and Snellman, 2017;Li, 2011).…”

Graduate's perception towards entrepreneurial career choice: Role of University and Family

“…Hence, with the recognition of the vital roles of the family for being supportive of the whole path and process of entrepreneurial undertakings, the idea generation stage, however, remains the most significant aspect in the process which on several cases is done by the family (Edelman et al 2016). Furthermore, such considerable influence from the family can be taking to be immensely influential on intention and perception as well (Ahmed et al, 2020). As the parents-the father and the mother-of any potential entrepreneur remain essential role models, influencing such individual's intention and perception is also noteworthy by the parents (Moreno-Gomez et al 2019).…”

A Product of Social Mission, Sustainable Entrepreneurial and Marketing Orientation: Enhancing Social Entrepreneurial Self-Efficacy in Indonesian Education Sector

“…Risk management in any organization has a very significant role to maintain the emergencies or issues regarding production and the supply chain and also deals with the external as well as internal matters (Raoof, Qureshi, & Jabeen, 2019). Risk management overviews all the aspects that play a very positive and effective role in managing all affairs to make the possibility of a continuous process of the flow of business and also skills and abilities to deal with the rivals in every field .risk management plays a mediating role in developing a very strong bond with the marketing orientation and social entrepreneurial self-efficacy (Ahmed, Islam, & Usman, 2020). marketing orientation makes the management able to make such policies and ideas that suit the organization .risk management team makes it possible for the organization to produce what suits and best for the market demand and socially acknowledged and accepted with a self-efficacy to deal with an unexpected situation or crisis and also to develop the production and the involvement of every individual to make the organization more established with a lot of innovations and energetic workforce.…”