IDEAS home Printed from https://ideas.repec.org/a/taf/ujbmxx/v61y2023i6p2656-2689.html
   My bibliography  Save this article

The why and the how: A nexus on how opportunity, risk and personality affect entrepreneurial intention

Author

Listed:
  • Sabine Bergner
  • Julia Auburger
  • Dominik Paleczek

Abstract

Opportunity-recognition, risk-taking and personality traits are central person-oriented characteristics for entrepreneurial intention. Despite the fact that various explanations have been proposed on how they affect entrepreneurial intention, it is still unclear which explanation is the most forceful one. This study compares three explanatory mechanisms and reveals that a newly derived trait−opportunity−risk nexus explains best why individuals intend to become entrepreneurs. The nexus was tested with 412 employees who provided information on their Big Five traits, opportunity-recognition skills, risk-taking, and entrepreneurial intention. Findings of a serial mediation model indicate that the interdependencies between traits, opportunity-recognition skills, and risk-taking have to be considered sequentially to understand how these person-oriented characteristics affect entrepreneurial intention. In essence, more open, conscientious, extraverted and stable individuals recognize business opportunities more easily. The regret of missing out on profitable opportunities most likely pushes them to take risks, which then enhances their entrepreneurial intention.

Suggested Citation

  • Sabine Bergner & Julia Auburger & Dominik Paleczek, 2023. "The why and the how: A nexus on how opportunity, risk and personality affect entrepreneurial intention," Journal of Small Business Management, Taylor & Francis Journals, vol. 61(6), pages 2656-2689, November.
    • Handle: RePEc:taf:ujbmxx:v:61:y:2023:i:6:p:2656-2689
    DOI: 10.1080/00472778.2021.1934849
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00472778.2021.1934849
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00472778.2021.1934849?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:ujbmxx:v:61:y:2023:i:6:p:2656-2689. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/ujbm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.