Transition from entrepreneurial intention to venture gestation behavior: a longitudinal evidence

Abstract

The current study applies the Rubicon model of action phases to check the influence of entrepreneurial alertness (EA), passion (EP), and competence (EC) on entrepreneurial intention (EI) of Indian university business students. Further, this study also longitudinally checks the effect of EI on students’ venture gestation behavior (GB), followed by checking the moderating effect of fear of failure (FoF) on the path between EI and GB. The study longitudinally collects the data from 398 students of three Indian universities in two waves, and study uses structural equation modeling (SEM) to establish the measurement model and test the direct hypotheses, while for moderation analysis, the study used model-1 in Process Macro. Findings reveal that EA, EP, and EC significantly enhance EI, which in turn boosts students’ GB. The findings also reveal that the transition of EI into GB gets weaker for the students who perceive higher FoF. The uniqueness of the study is its longitudinal design and application of the Rubicon model of action phases, hence significantly contributing to the literature on nascent entrepreneurship. The study also makes valuable suggestions for practical implications.

ABSTRAIT RÉSUMÉ

La présente étude applique le modèle Rubicon des phases d’action pour évaluer l’influence de la vigilance entrepreneuriale (VE), de la passion (PE) et de la compétence (CE) sur l’intention entrepreneuriale (IE) des étudiants universitaires indiens en gestion d’entreprise. En outre, cette étude vérifie longitudinalement l’effet de l’IE sur le comportement de gestation (CG) d’entreprise des étudiants, puis l’effet modérateur de la peur de l’échec (PE) sur le chemin entre l’IE et le CG. L’étude recueille longitudinalement les données de 398 étudiants de trois universités indiennes en deux vagues, et utilise la modélisation par équations structurelles (MES) pour établir le modèle de mesure et tester les hypothèses directes, tandis que pour l’analyse de modération, elle se base sur le modèle-1 du macro processus. Les résultats révèlent que la VE, la PE et la CE renforcent de manière significative l’IE, qui à son tour stimule le CG des étudiants. Les résultats révèlent aussi que la transition de l’IE vers le CG est plus faible pour les étudiants qui ressentent la plus forte PE. L’originalité de l’étude réside dans sa conception longitudinale et dans l’application du modèle Rubicon des phases d’action, ce qui contribue de manière significative à la littérature sur l’entrepreneuriat naissant. L’étude fait également part de suggestions précieuses pour des implications pratiques.

Keywords:

• Entrepreneurial alertness
• entrepreneurial competence
• entrepreneurial intention
• venture gestation behavior
• rubicon model of action phases
• nascent entrepreneurship

Mots-clés:

• vigilance entrepreneuriale
• compétence entrepreneuriale
• intention entrepreneuriale
• comportement de gestation d’entreprise
• modèle rubicon des phases d’action
• entrepreneuriat naissant

Acknowledgment

The authors did not receive any funding from any organization/agency/institution to carry out this research.

Ethical approval

Informed consent was obtained from all individual participants included in the study. Respondents were informed in advance about the theme and aims of the study. Data was anonymized, even no personal information like contact numbers or/and names were solicited, so this study was exempted for ethical approval by Institutional Ethics Committee of Aligarh Muslim University, India (Approval No: 1039/IEC/2022).

Disclosure statement

No potential conflict of interest was reported by the author(s).

Data availability statement

The datasets generated and/or analyzed during the current study will be made available from the corresponding author on reasonable request.

Notes

1 Business students refer to the students of commerce and business management programs who have studied various courses related to the knowledge of business management, accounting, business law, entrepreneurship and small business management.