Risk attitudes and entrepreneurial motivations: Evidence from transition economies

Ahunov, Muzaffarjon; Yusupov, Nurmukhammad

doi:10.1016/j.econlet.2017.08.016

Cited by 31 publications

(28 citation statements)

References 15 publications

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“…Implant an entrepreneurial spirit early on; fostering student motivation to learn entrepreneurship and not relying on hopes to work in agencies or institutions as job seekers. Introduction of entrepreneurship from an early age will provide benefits for future provision later, with entrepreneurial learning from an early age will shape the personal students who are creative and able to capture the surrounding business opportunities [12]. The creativity that is trained early on, including through extra-curricular activities at school will become the main capital of productivity and student independence later on.…”

Section: Resultsmentioning

confidence: 99%

Increasing The Ability of Environmental-Based Entrepreneurs Through Education

Subekti¹,

Hafiar²,

Sjuchro³

et al. 2020

Proceedings of the the 3rd International Conference on Advance &Amp; Scientific Innovation

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Entrepreneurship education is an alternative education that can be chosen in secondary schools in an effort to reduce the unemployment rate because it can produce graduates who have the willingness and skills to open new jobs. Graduates have the ability to analyze and utilize the potential of the environment to become entrepreneurial potential. The research method uses the descriptive method by collecting data through direct observation and in-depth interviews with selected informants. The results of the study suggested that entrepreneurship of bamboo processing learned by the students includes: nursery of bamboo trees through polybags how to store bamboo trees; the introduction of bamboo processing into an economic value; introduction of the existing product and market distribution. Planting the spirit of entrepreneurship through education is influenced by several factors, namely: motivation of educators, learning media, parental support and the environment, interesting learning strategies and playmates.

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Section: Resultsmentioning

confidence: 99%

Increasing The Ability of Environmental-Based Entrepreneurs Through Education

Subekti¹,

Hafiar²,

Sjuchro³

et al. 2020

Proceedings of the the 3rd International Conference on Advance &Amp; Scientific Innovation

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show abstract

“…Besides business norms, the governance quality of local governments may also exert a positive impact on firms' demand for capital for two reasons. First, high-quality governance reduces the perceived institutional uncertainties, which are the origin of entrepreneurial cognitive (motivational) constraints in financing (Ahunov and Yusupov, 2017; Fraser et al ., 2015). Also, a set of strong and inclusive governance arrangements reduces the perceived risk of appropriation, boosting firm investment.…”

Section: Literature and Hypothesismentioning

confidence: 99%

The relative importance of regional institutions and external finance for small business investment: evidence from Vietnam

Nguyen

2020

Journal of Institutional Economics

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This study examines the relative importance of local institutions and external finance on small business investment. Utilising the institutional theory, we argue that local institutions and external finance have heterogeneous effects on firm investment. More importantly, they may interact and moderate each other. Analysing a set of 1.3 million observations of small businesses operating in Vietnam (2006–2016) obtained from the Annual Enterprise Survey data from the Vietnam Statistics Office, we find that local institutional settings and external finance are important determinants of firm investment. Moreover, local institutions are able to moderate the effects of external finance on firm investment. As such, this study asserts that conventional models cannot discern whether institutions or external finance are more important to firm investment. Rather, the relative importance of institutions and external finance should be investigated from the perspective of their interaction.

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“…First of all, risk plays a very important role in entrepreneurial decision-making (Lopera, Marchand, 2018). For this reason, there is empirical evidence that addresses risk within entrepreneurial behavior from different perspectives: risk perception (Stroe et al, 2018), risk attitudes (Tyszka et al, 2011;Ahunov, Yusupov, 2017), Risk Taking Propensity (Antoncic et al, 2018), perceived risks (Forlani, Mullins, 2000), and risk preference (Karabey, 2012) as well as risk taking (Lopera, Marchand, 2018).…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

“…Regarding the research variables, there is little empirical evidence of the relationship between risk and entrepreneurship in 14 western European countries (Ahunov, Yusupov 2017); as well as internal locus of control and entrepreneurship in nine countries (Mueller, Thomas, 2001). In this regard, more research is required to consolidate this area of knowledge from an international perspective, especially in Latin America, where there are many research opportunities (López, Álvarez, 2018).…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

“…Under this same aspect, through individual differences, especially from a psychological perspective, it is possible to highlight that an entrepreneur has certain characteristics that differentiates him from the employee (McClelland, 1961;Kets de Vries, 1985;Kets de Vries, 1996;Akhtar et al, 2012;Karabey, 2012;Hessels et al, 2018). In this context, it is important to highlight that three of the variables that have been used to characterize the entrepreneur have been the risk taking (Lüthje, Franke, 2003;Tyszka et al, 2011;Karabey, 2012;Ahunov, Yusupov, 2017;Antoncic et al, 2018;Lopera, Marchand, 2018); locus of control (Mueller, Thomas, 2001;Wang et al, 2010;Pinger et al, 2018;Islam, 2019); and stress (Chu et al, 2011;Kollmann et al, 2019;Wach et al, 2020). These aspects seem to be different for the entrepreneur from other groups, however, this is not entirely clear.…”

Section: Introductionmentioning

confidence: 99%

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