This study investigates the effects of entrepreneurial motivation and achievement-resource capabilities on entrepreneurial continuance intention, focusing on the mediating roles of opportunity recognition and entrepreneurial engagement, as well as the...
This study investigates the effects of entrepreneurial motivation and achievement-resource capabilities on entrepreneurial continuance intention, focusing on the mediating roles of opportunity recognition and entrepreneurial engagement, as well as the moderating effects of perceived behavioral control and competitiveness development. Drawing on the Theory of Planned Behavior(TPB), Social Cognitive Theory(SCT), and the Resource-Based View(RBV), the research proposes an integrated model that conceptualizes entrepreneurial persistence as a psychological and behavioral process shaped by internal motivations and strategic capabilities.
Using survey data collected from 300 early-stage entrepreneurs in South Korea, the study employed structural equation modeling(SEM) to examine the hypothesized relationships. The results reveal that opportunity-driven motivation significantly enhances opportunity recognition, whereas necessity-driven motivation negatively impacts it. Achievement orientation and resource accessibility positively influence entrepreneurial engagement, which, along with opportunity recognition, significantly predicts entrepreneurial continuance intention. Moreover, perceived behavioral control moderates the relationship between opportunity recognition and continuance intention, while competitiveness development strengthens the effect of entrepreneurial engagement on persistence.
The findings underscore the importance of nurturing entrepreneurs’ psychological resilience, achievement orientation, and strategic resource capabilities to improve long-term business sustainability. The study contributes to entrepreneurship research by providing a comprehensive model that integrates motivational, cognitive, emotional, and strategic dimensions. It also offers practical implications for designing differentiated entrepreneurship support policies and education programs tailored to various motivational profiles and development stages.