IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxivy2021ispecial5p637-645.html
   My bibliography  Save this article

The Risk of Undertaking Business Activity from the Perspective of Women in the Context of Covid-19 Pandemic

Author

Listed:
  • Malgorzata Rembiasz
  • Paulina Siemieniak

Abstract

Purpose: The aim of the article is to determine the differences in the attitude towards the risk of running one's own business between women and men. The authors tried to find an answer to the question of how the observations and experiences of the pandemic affect the attitudes of young women towards entrepreneurship. Design/Methodology/Approach: The theoretical part uses a critical analysis of the literature on the subject. In the empirical part, the method of online surveys was applied using a tool in the form of a Google form created by the authors of the article, conducted among 170 students at a non-public university with an economic profile in Poznań. Findings: The results of empirical research proved that a relatively large group of respondents, as many as 48.8%, was interested in running their own business. Among women, such plans were taken by 44.9% of respondents, and among men by 55.6%. Women slightly more often answered that they did not plan to run their own business or did not know what their plans were in this matter. The chi-square NW test, however, did not show any significant correlation between the respondents' gender and planning to set up one's own enterprise (p> 0.05). Moreover, although men assessed the risk of running their own business slightly lower, the Mann-Whitney U test did not show a significant difference in the level of opinions on the perception of the risk of running a business between women and men (p> 0.05). It is important that as many as 60.9% of respondents said that the pandemic did not affect their plans to start their own business. The Mann-Whitney U test showed no significant difference in the level of opinion on the impact of the pandemic on the change in the perception of running one's own business between women and men (p> 0.05). Practical Implications: The results of the research show that it is worth strengthening the proactive, entrepreneurial attitudes of young women to overcome the negative effects of the pandemic thanks to the development of the SME sector. Originality/Value: Contemporary socio-economic changes necessitate the search for new solutions that will contribute to building a stronger and entrepreneurial society.

Suggested Citation

  • Malgorzata Rembiasz & Paulina Siemieniak, 2021. "The Risk of Undertaking Business Activity from the Perspective of Women in the Context of Covid-19 Pandemic," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 5), pages 637-645.
    • Handle: RePEc:ers:journl:v:xxiv:y:2021:i:special5:p:637-645
    as

    Download full text from publisher

    File URL: https://ersj.eu/journal/2756/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Du Rietz, Anita & Henrekson, Magnus, 2000. "Testing the Female Underperformance Hypothesis," Small Business Economics, Springer, vol. 14(1), pages 1-10, February.
    2. Werner Bönte & Monika Piegeler, 2013. "Gender gap in latent and nascent entrepreneurship: driven by competitiveness," Small Business Economics, Springer, vol. 41(4), pages 961-987, December.
    3. Grilo, I. & Thurik, A.R. & Verheul, I. & van der Zwan, P.W., 2008. "Climbing the Entrepreneurial Ladder: The Role of Gender," ERIM Report Series Research in Management ERS-2007-098-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    4. Palich, Leslie E. & Ray Bagby, D., 1995. "Using cognitive theory to explain entrepreneurial risk-taking: Challenging conventional wisdom," Journal of Business Venturing, Elsevier, vol. 10(6), pages 425-438, November.
    5. Cooper, Arnold C. & Woo, Carolyn Y. & Dunkelberg, William C., 1988. "Entrepreneurs' perceived chances for success," Journal of Business Venturing, Elsevier, vol. 3(2), pages 97-108.
    6. Marwan M. Abdeldayem & Doaa S. Sedeek, 2018. "Managerial Behavior and Capital Structure Decisions; Do Overconfidence, Optimism and Risk Aversion Matter?," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 8(7), pages 925-945, July.
    7. Marwan M Abdeldayem & Doaa S Sedeek, 2018. "Managerial Behavior and Capital Structure Decisions; Do Overconfidence, Optimism and Risk Aversion Matter?," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 8(7), pages 925-945.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Daniela Gimenez-Jimenez & Linda F. Edelman & Alexandra Dawson & Andrea Calabrò, 2022. "Women entrepreneurs’ progress in the venturing process: the impact of risk aversion and culture," Small Business Economics, Springer, vol. 58(2), pages 1091-1111, February.
    2. T. K. Das & Bing-Sheng Teng, 1998. "Time and Entrepreneurial Risk Behavior," Entrepreneurship Theory and Practice, , vol. 22(2), pages 69-88, January.
    3. Sandri, Serena & Schade, Christian & Mußhoff, Oliver & Odening, Martin, 2010. "Holding on for too long? An experimental study on inertia in entrepreneurs' and non-entrepreneurs' disinvestment choices," Journal of Economic Behavior & Organization, Elsevier, vol. 76(1), pages 30-44, October.
    4. Ziyang Li & Qianwei Ying & Yuying Chen & Xuehui Zhang, 2020. "Managerial risk appetite and asymmetry cost behavior: evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(5), pages 4651-4692, December.
    5. Jahangir Yadollahi Farsi & Pouria Nouri & Abdollah Ahmadi Kafeshani, 2015. "Exploring the Interconnections between Sense making, Heuristics and Biases in the Field of Entrepreneurship," International Journal of Management Sciences, Research Academy of Social Sciences, vol. 6(2), pages 121-128.
    6. Joseph McManus, 2018. "Hubris and Unethical Decision Making: The Tragedy of the Uncommon," Journal of Business Ethics, Springer, vol. 149(1), pages 169-185, April.
    7. Dubard Barbosa, Saulo & Fayolle, Alain & Smith, Brett R., 2019. "Biased and overconfident, unbiased but going for it: How framing and anchoring affect the decision to start a new venture," Journal of Business Venturing, Elsevier, vol. 34(3), pages 528-557.
    8. Kraft, Priscilla S. & Günther, Christina & Kammerlander, Nadine H. & Lampe, Jan, 2022. "Overconfidence and entrepreneurship: A meta-analysis of different types of overconfidence in the entrepreneurial process," Journal of Business Venturing, Elsevier, vol. 37(4).
    9. Wan Shah Shahdila-Shahar & Noryati Ahmad & Mohamad Nizam Jaafar, 2020. "Impacts of CEO’s Overconfidence in Financing Decisions on Shariah-Compliant Firms Listed on the Bursa Malaysia تأثيرات ثقة المدير التنفيذي في قرارات التمويل على الشركات المتوافقة مع الشريعة الإسلامية ," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 33(1), pages 117-131, January.
    10. Robin M. Hogarth & Natalia Karelaia, 2012. "Entrepreneurial Success and Failure: Confidence and Fallible Judgment," Organization Science, INFORMS, vol. 23(6), pages 1733-1747, December.
    11. Pérez-Centeno, Victor, 2018. "Brain-driven entrepreneurship research: Expanded review and research agenda towards entrepreneurial enhancement," Working Papers 02/18, Institut für Mittelstandsforschung (IfM) Bonn.
    12. Zandberg, Jonathan, 2021. "Family comes first: Reproductive health and the gender gap in entrepreneurship," Journal of Financial Economics, Elsevier, vol. 140(3), pages 838-864.
    13. Cassar, Gavin & Craig, Justin, 2009. "An investigation of hindsight bias in nascent venture activity," Journal of Business Venturing, Elsevier, vol. 24(2), pages 149-164, March.
    14. Bilgehan TEKİN, 2019. "The Factors Affecting Capital Structure: A Panel Data Analysis in the Context of Behavioural Corporate Finance," Sosyoekonomi Journal, Sosyoekonomi Society, issue 27(42).
    15. Werner Bönte & Vivien D. Procher & Diemo Urbig, 2016. "Biology and Selection into Entrepreneurship—The Relevance of Prenatal Testosterone Exposure," Entrepreneurship Theory and Practice, , vol. 40(5), pages 1121-1148, September.
    16. Simon, Mark & Houghton, Susan M. & Aquino, Karl, 2000. "Cognitive biases, risk perception, and venture formation: How individuals decide to start companies," Journal of Business Venturing, Elsevier, vol. 15(2), pages 113-134, March.
    17. Donna Marie De Carolis & Patrick Saparito, 2006. "Social Capital, Cognition, and Entrepreneurial Opportunities: A Theoretical Framework," Entrepreneurship Theory and Practice, , vol. 30(1), pages 41-56, January.
    18. Just, David R. & Zilberman, David, 2005. "Behavior, Production and Competition," Working Papers 127075, Cornell University, Department of Applied Economics and Management.
    19. Donna Marie De Carolis & Barrie E. Litzky & Kimberly A. Eddleston, 2009. "Why Networks Enhance the Progress of New Venture Creation: The Influence of Social Capital and Cognition," Entrepreneurship Theory and Practice, , vol. 33(2), pages 527-545, March.
    20. Najoua Dali & Sana Harbi, 2016. "The Effect of Risk Perception and Cognitive Biases on the Evaluation of Opportunity in Family and Non-Family Entrepreneurs: The Case of Tunisian Entrepreneurs," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 24(03), pages 281-312, September.

    More about this item

    Keywords

    Risk; women entrepreneurship; COVID-19 pandemic.;
    All these keywords.

    JEL classification:

    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xxiv:y:2021:i:special5:p:637-645. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.