Abstract
This study investigates the effect of belief in luck on entrepreneurial intentions. We tested our hypotheses in a laboratory study (Study 1), a survey (Study 2) and an archival study (Study 3). Two hundred and fifty seven business majors from a public university provided responses for the first two studies and archival data from two datasets was used for Study 3. Belief in stable luck was found to be a predictor of intentions for venture creation. In addition, entrepreneurial self-efficacy mediated the relationship between the luck belief and the pursuit of an entrepreneurial career. Overall, we found strong evidence which supports our hypothesis that belief in stable luck is beneficial for promoting entrepreneurship.
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