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Connections of entrepreneurial capacity and openness towards innovations with the individual’s decision to become an entrepreneur: A case from Slovenia

Author

Listed:
  • Polona Tominc

    (University of Maribor, Faculty of Economics and Business Maribor, Maribor, Jugoslavia)

  • Miroslav Rebernik

    (University of Maribor, Faculty of Economics and Business Maribor, Maribor, Jugoslavia)

Abstract

The research concentrates on connections between different dimensions of entrepreneurial capacity and openness towards innovations on one side, and an individual’s decision to become an entrepreneur on the other. The results show that an individual’s decision to become an entrepreneur in Slovenia is significantly correlated with entrepreneurial awareness, risk aversion and willingness to try new products/services. The correlation is positive in the case of entrepreneurial awareness and in the case of willingness to try new products/services, and negative in the case of risk aversion. An important result of our research is that the belief in the benefits of newness is not significantly correlated with the decision to become an entrepreneur. The results show that willingness to try new products/services is more important than the belief that innovative products/services produced by others will improve one’s life.

Suggested Citation

  • Polona Tominc & Miroslav Rebernik, 2010. "Connections of entrepreneurial capacity and openness towards innovations with the individual’s decision to become an entrepreneur: A case from Slovenia," Society and Economy, Akadémiai Kiadó, Hungary, vol. 32(2), pages 297-313, December.
    • Handle: RePEc:aka:soceco:v:32:y:2010:i:2:p:297-313
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    More about this item

    Keywords

    entrepreneurial capacity; openness towards innovations;

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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