Work

An Investigation of Entrepreneurs' Venture Persistence Decision: The Contingency Effect of Psychological Ownership and Adversity

Year: 2017

Type: article

Abstract: We incorporate psychological ownership theory and adversity literature to examine the joint effect of psychological ownership and adversity on entrepreneurs' persistence decision. The results of two experiments and one survey show that both low adversity and high psychological ownership for the venture increase entrepreneurs' likelihood of persistence. We also identify the moderating effect of adversity. Psychological ownership is more relevant to the likelihood of persistence when adversity is high than when it is low. Our research contributes to psychological ownership theory and the entrepreneurial persistence literature and has practical implications for entrepreneurs.

Source: Applied Psychology

DOI: 10.1111/apps.12106

Authors: Fei Zhu, Dan Kai Hsu, Katrin Burmeister‐Lamp, Shea X. Fan

Institutions: University of Nottingham, Appalachian State University, Heinrich Heine University Düsseldorf, RMIT University

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2756426751

FWCI: 3.433

Cites: 103

Cited by: 42

Related to: 10