2023 journal article

Intention to reengage in entrepreneurship: Performance feedback, sensation seeking and workaholism


By: S. Simmons*, J. Carr n, D. Hsu * & S. Craig n

co-author countries: United States of America πŸ‡ΊπŸ‡Έ
author keywords: Entrepreneurship; Sensation -seeking; Performance feedback; Workaholism; Intentions
Source: Web Of Science
Added: July 10, 2023

This study investigates whether prior success or failure feedback motivates individuals to reengage in entrepreneurship. Three studies test the moderating effects of the dispositional factors of sensation-seeking and workaholism on this relationship. Study 1 is a hybrid experiment that employs video manipulations to engage 136 student participants. Study 2 is a field survey with a sample of 189 real-world entrepreneurs who had shut down or discontinued a prior business. Study 3 is also a field survey with a sample of 340 ex-entrepreneurs who do not currently operate a business. The results of the three studies demonstrate that entrepreneurs' compulsion (i.e., sensation seeking and workaholism) can suppress cognition (i.e., prior performance feedback) in the decision of whether to reengage in entrepreneurship. These findings provide a psychological perspective that extends beyond commonly studied cognition and overconfidence theories.