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The roles of thought and affect on entrepreneurship – A new hope

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  • Arend, Richard J.

Abstract

We challenge the current, psychology-based model ​of affect’s influences on the entrepreneurial process (and some of its past empirical support). We review the current model and identify its limitations. We analyze the relevance of ’hope’ as a cognitive capability underlying the entrepreneurial process and assess why it has yet to be leveraged in our field. We then use hope and the recent studies on emotional control to argue a new, and more prescriptive model of the role of affect in entrepreneurial cognition and action.

Suggested Citation

  • Arend, Richard J., 2020. "The roles of thought and affect on entrepreneurship – A new hope," Journal of Business Venturing Insights, Elsevier, vol. 14(C).
    • Handle: RePEc:eee:jobuve:v:14:y:2020:i:c:s2352673420300445
    DOI: 10.1016/j.jbvi.2020.e00188
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    References listed on IDEAS

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    1. Maw–Der Foo, 2011. "Emotions and Entrepreneurial Opportunity Evaluation," Entrepreneurship Theory and Practice, , vol. 35(2), pages 375-393, March.
    2. Melissa S. Cardon & Maw–Der Foo & Dean Shepherd & Johan Wiklund, 2012. "Exploring the Heart: Entrepreneurial Emotion is a Hot Topic," Entrepreneurship Theory and Practice, , vol. 36(1), pages 1-10, January.
    3. Baron, Robert A. & Tang, Jintong, 2011. "The role of entrepreneurs in firm-level innovation: Joint effects of positive affect, creativity, and environmental dynamism," Journal of Business Venturing, Elsevier, vol. 26(1), pages 49-60, January.
    4. Tori Y. Huang & Vangelis Souitaris & Sigal G. Barsade, 2019. "Which matters more? Group fear versus hope in entrepreneurial escalation of commitment," Strategic Management Journal, Wiley Blackwell, vol. 40(11), pages 1852-1881, November.
    5. Isabell M. Welpe & Matthias Spörrle & Dietmar Grichnik & Theresa Michl & David B. Audretsch, 2012. "Emotions and Opportunities: The Interplay of Opportunity Evaluation, Fear, Joy, and Anger as Antecedent of Entrepreneurial Exploitation," Entrepreneurship Theory and Practice, , vol. 36(1), pages 69-96, January.
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    Cited by:

    1. Walker, Benjamin R. & Jackson, Chris J. & Sovereign, Genevieve, 2020. "Disinhibition predicts both psychopathy and entrepreneurial intentions," Journal of Business Venturing Insights, Elsevier, vol. 14(C).

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