TABLE 3.
Path analysis for the research model.
| Path | Path coefficients | T-value | Hypothesis is supported: Yes or No |
| H1a: Optimism → Entrepreneurship intention | 0.193*** | 3.463 | Yes |
| H1b: Overconfidence → Entrepreneurship intention | −0.148** | –2.631 | Yes |
| H2a: Optimism → Negative entrepreneurial emotion | 0.053 | 0.922 | No |
| H2b: Optimism → Positive entrepreneurial emotion | 0.239*** | 4.217 | Yes |
| H3a: Overconfidence → Positive entrepreneurial emotion | −0.128* | –2.271 | Yes |
| H3b: Overconfidence → Negative entrepreneurial emotion | 0.242*** | 4.212 | Yes |
| H4: Positive entrepreneurial emotion → Entrepreneurship intention | 0.146** | 2.603 | Yes |
| H5: Negative entrepreneurial emotion → Entrepreneurship intention | −0.244*** | –4.330 | Yes |
N = 312. ***p < 0.001, **p < 0.01, *p < 0.05.