Women entrepreneurs’ progress in the venturing process: the impact of risk aversion and culture

We explore the gendered impact of risk aversion and country-level culture on nascent student entrepreneurs’ progress in the venturing process. Combining country-level cultural normative variables from the 2004 Global Leadership and Organizational Behavior Effectiveness (GLOBE) survey with data from...

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Veröffentlicht in:Small business economics 2022-02, Vol.58 (2), p.1091-1111
Hauptverfasser: Gimenez-Jimenez, Daniela, Edelman, Linda F, Dawson, Alexandra, Calabrò, Andrea
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container_end_page 1111
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container_title Small business economics
container_volume 58
creator Gimenez-Jimenez, Daniela
Edelman, Linda F
Dawson, Alexandra
Calabrò, Andrea
description We explore the gendered impact of risk aversion and country-level culture on nascent student entrepreneurs’ progress in the venturing process. Combining country-level cultural normative variables from the 2004 Global Leadership and Organizational Behavior Effectiveness (GLOBE) survey with data from the 2013/2014 Global University Entrepreneurial Student Spirit Study (GUESSS), our sample consists of 1552 nascent student entrepreneurs from 11 countries. We start with the assumption that perceptions of risk-taking behaviors are not gendered. We then split our sample, finding that, for women, perceptions of risk-taking behaviors are associated with less progress in the venturing process; however, starting a new venture in a socially supportive culture moderates that relationship. For men, neither risk-taking behavior nor country cultural variables are related to their progress in the venturing process. Our study highlights both the importance of country-level contextual variables in entrepreneurship and the need to employ a gendered perspective when studying nascent entrepreneurship.
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source Springer Nature - Complete Springer Journals; Business Source Complete
subjects Behavior
Business and Management
Country-level culture
Culture
Entrepreneurs
Entrepreneurship
Female nascent entrepreneurs
Industrial Organization
Leadership
Male nascent entrepreneurs
Management
Microeconomics
Organizational behavior
Risk
Risk behavior
Risk perception
Risk taking
Start-up activities
Variables
Women
title Women entrepreneurs’ progress in the venturing process: the impact of risk aversion and culture
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