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Risk-Taking Propensity and Entrepreneurship: The Role of Power Distance

Author

Listed:
  • Jasna Auer Antoncic

    (Faculty of Management, University of Primorska, Koper, Slovenia)

  • Bostjan Antoncic

    (Faculty of Economics, University of Ljubljana, Ljubljana, Slovenia)

  • Matjaz Gantar

    (KD Group d. d., Ljubljana, Slovenia)

  • Robert D. Hisrich

    (College of Business Administration, Kent State University, Kent, Ohio, USA)

  • Lawrence J. Marks

    (College of Business Administration, Kent State University, Kent, Ohio, USA)

  • Alexandre A. Bachkirov

    (College of Economics and Political Science, Sultan Qaboos University, Sultanate of Oman)

  • Zhaoyang Li

    (Shanghai University of International Business and Economics, Shanghai, P. R. China)

  • Pierre Polzin

    (Faculty of Engineering, INESC TEC Technology and Science, University of Porto, Porto, Portugal)

  • Jose L. Borges

    (Faculty of Engineering, INESC TEC Technology and Science, University of Porto, Porto, Portugal)

  • Antonio Coelho

    (Faculty of Engineering, INESC TEC Technology and Science, University of Porto, Porto, Portugal)

  • Marja-Liisa Kakkonen

    (South-Eastern Finland University of Applied Sciences, Mikkeli, Finland)

Abstract

The personal characteristics of entrepreneurs can be importantly related to entrepreneurial startup intentions and behaviors. A country-moderated hypothesis including the relationship between an individual’s risk-taking propensity and entrepreneurship (behaviors or intentions of the person) was conceptually developed and empirically tested in this study. The data collection was performed through a structured questionnaire. Multinominal logistic regression was used for analyzing data obtained from 1,414 students in six countries. The crucial contribution of this research is the clarification of the character of risk-taking propensity in entrepreneurship and the indication that the risk-taking propensity-entrepreneurship relationship can be moderated contingent on power distance.

Suggested Citation

  • Jasna Auer Antoncic & Bostjan Antoncic & Matjaz Gantar & Robert D. Hisrich & Lawrence J. Marks & Alexandre A. Bachkirov & Zhaoyang Li & Pierre Polzin & Jose L. Borges & Antonio Coelho & Marja-Liisa Ka, 2018. "Risk-Taking Propensity and Entrepreneurship: The Role of Power Distance," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 26(01), pages 1-26, March.
    • Handle: RePEc:wsi:jecxxx:v:26:y:2018:i:01:n:s0218495818500012
    DOI: 10.1142/S0218495818500012
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    References listed on IDEAS

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    3. Benedicta Prihatin Dwi Riyanti & Angela Oktavia Suryani & Christine Winstinindah Sandroto & Silverius Y. Soeharso, 2022. "The construct and predictive validity testing of Indonesian entrepreneurial competence inventory-situational judgment test model," Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-19, December.
    4. Luc Phan Tan & Lan Xuan Pham & Trang Thanh Bui, 2021. "Personality Traits and Social Entrepreneurial Intention: The Mediating Effect of Perceived Desirability and Perceived Feasibility," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 30(1), pages 56-80, March.

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