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Endings and Visions of New Beginnings: The Effects of Source of Unemployment and Duration of Unemployment on Entrepreneurial Intent

Author

Listed:
  • Wood Matthew

    (Baylor University, Waco, TX, USA)

  • McKinley William

    (Southern Illinois University, Carbondale, IL, USA)

  • Engstrom Craig L.

    (Elmhurst College, Elmhurst, IL, USA)

Abstract

This study adopts the push-entrepreneurship perspective and develops a conceptual framework grounded in prospect theory, in order to investigate whether source of sunemployment, layoff in particular, and duration of unemployment stimulate entrepreneurial intent. We also propose that fear of failure and risk propensity moderate the source/duration–entrepreneurial intent relationships. We test our hypotheses using survey data from a sample of unemployed individuals. Results show that both layoff and duration of unemployment are stimuli for higher entrepreneurial intent, and the source of unemployment-intent relationship is moderated by fear of failure and risk propensity. We discuss the implications of these results.

Suggested Citation

  • Wood Matthew & McKinley William & Engstrom Craig L., 2013. "Endings and Visions of New Beginnings: The Effects of Source of Unemployment and Duration of Unemployment on Entrepreneurial Intent," Entrepreneurship Research Journal, De Gruyter, vol. 3(2), pages 171-206, January.
    • Handle: RePEc:bpj:erjour:v:3:y:2013:i:2:p:171-206:n:1
    DOI: 10.1515/erj-2012-0005
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    References listed on IDEAS

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