Risk Aversion, Entrepreneurial Attitudes, Intention and Entry Among Young People in Uganda and Germany: A Gendered Analysis
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Date
2021
Journal Title
Journal ISSN
Volume Title
Publisher
Journal of Entrepreneurship and Innovation in Emerging Economies
Abstract
Extant research has consistently indicated that personality and cultural variables are important predictors
of entrepreneurial behaviour and outcomes. Using a longitudinal approach, the article examines the
effects of risk aversion on general entrepreneurial attitudes, entrepreneurial intentions and entry into
self-employment, as well as how these effects differ according to gender and country contexts. Study
1 (T1) assessed risk aversion, entrepreneurial attitude and intentions among 573 students in the final
year of their studies (284 at a German university and 289 at a Ugandan university). Study 2 (T2)
established participants’ employment status 6–24 months after graduation. We were able to match 104
valid responses. Our results revealed negative effects of risk aversion on both general entrepreneurial
attitude and intention. A moderated mediation effects model suggesting that risk aversion predicts
entrepreneurial intention through general entrepreneurial attitude shaped by gender and country
was confirmed. Moreover, risk aversion and entrepreneurial intentions had substantial effects on the
likelihood of being self-employed while country differences were also observed.
Description
Keywords
Country differences, Entrepreneurial attitude, Entrepreneurial intention, Gender differences, Risk aversion, Self-employment entry
Citation
Baluku, M. M., Nansubuga, F., Otto, K., & Horn, L. (2021). Risk aversion, entrepreneurial attitudes, intention and entry among young people in Uganda and Germany: A gendered analysis. Journal of Entrepreneurship and Innovation in Emerging Economies, 7(1), 31-59. DOI: 10.1177/2393957520960567