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Enterprise Potential, Entrepreneurial Intentions and Envy


  • Edit Terek
  • Milan Nikolić
  • Dragan Ćoćkalo
  • Sanja Božić
  • Aleksandra Nastasić


This paper presents the results of research about the impact of envy on enterprise potential and entrepreneurial intentions. The research was conducted in Serbia and the respondents were students from 5 faculties, from the first to the fifth year of study. The results were gained by statistical analysis of the gathered information (380 completed questionnaires). Descriptive, correlation and regression analysis are the methods of statistical analysis that were used. From the dimensions of enterprise potential, the highest average value has the dimension Creativity, while from the dimensions of entrepreneurial intentions, the highest average value has the dimension Subjective norm. Of all the observed dimensions, the lowest value has the Envy dimension. Between envy and dimensions of enterprise potential and dimensions of entrepreneurial intentions, there are a number of statistically significant negative correlations. This is more prevalent at the dimension of entrepreneurial intentions. Feelings of inferiority in relation to other people and the perception of having a boring or a bad life have an especially negative impact on entrepreneurial potential and intentions. Envy, which occurs due to the desire for more entertainment, travel, and due to the perception of the lack of fortune, also has a negative impact on entrepreneurial potential and intentions, but the influence is considerably weaker. There is a statistically significant predictive effect of certain items of envy on enterprise potential dimensions and entrepreneurial intentions dimensions. But this fact is not so strongly expressed. Some results suggest the possibility (however small) that envy, in some circumstances, can mildly encourage entrepreneurial intention.

Suggested Citation

  • Edit Terek & Milan Nikolić & Dragan Ćoćkalo & Sanja Božić & Aleksandra Nastasić, 2017. "Enterprise Potential, Entrepreneurial Intentions and Envy," Central European Business Review, University of Economics, Prague, vol. 2017(2), pages 30-41.
  • Handle: RePEc:prg:jnlcbr:v:2017:y:2017:i:2:id:178:p:30-41

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    References listed on IDEAS

    1. Vukonjanski, Jelena & Nikolic, Milan & Hadzic, Olga & Terek, Edit & Nedeljkovic, Milena, 2012. "Relationship between GLOBE organizational culture dimensions, job satisfaction and leader-member exchange in Serbian organizations," Journal of East European Management Studies, Rainer Hampp Verlag, vol. 17(3), pages 333-368.
    2. Muzychenko, Olga, 2008. "Cross-cultural entrepreneurial competence in identifying international business opportunities," European Management Journal, Elsevier, vol. 26(6), pages 366-377, December.
    3. Wei-Loon Koe, 2016. "The relationship between Individual Entrepreneurial Orientation (IEO) and entrepreneurial intention," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 6(1), pages 1-11, December.
    4. Gurrieri, Antonia Rosa, 2013. "Networking entrepreneurs," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 47(C), pages 193-204.
    5. Baron, Robert A., 2000. "Counterfactual thinking and venture formation: The potential effects of thinking about "what might have been"," Journal of Business Venturing, Elsevier, vol. 15(1), pages 79-91, January.
    6. Young Choi, 1993. "Entrepreneurship and envy," Constitutional Political Economy, Springer, vol. 4(3), pages 331-347, September.
    7. repec:nms:joeems:doi_10.1688/1862-0019_jeems_2012_03_vukonjanski is not listed on IDEAS
    8. Mui, Vai-Lam, 1995. "The economics of envy," Journal of Economic Behavior & Organization, Elsevier, vol. 26(3), pages 311-336, May.
    9. Lee, Soo Hoon & Wong, Poh Kam, 2004. "An exploratory study of technopreneurial intentions: a career anchor perspective," Journal of Business Venturing, Elsevier, vol. 19(1), pages 7-28, January.
    10. Alain Fayolle & B. Gailly & N. Lassas-Clerc, 2006. "Assessing the Impact of Entrepreneurship Education Programmes: A New Methodology," Post-Print halshs-00133044, HAL.
    11. Paul, Justin & Shrivatava, Archana, 2016. "Do young managers in a developing country have stronger entrepreneurial intentions? Theory and debate," International Business Review, Elsevier, vol. 25(6), pages 1197-1210.
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    More about this item


    envy; enterprise potential; entrepreneurial intentions; students; Serbia;

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship


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