Determinants of Entrepreneurial Risk among Young Emiratis

Linda Smail, Mouawiya Alawad, Aleciane da Silva Moreira Ferreira, Jorge López Puga and Ana María Ruiz-Ruano García
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Mouawiya Alawad: Institute of Social and Economic Research, Zayed University, Dubai P.O. Box 19282, United Arab Emirates
Aleciane da Silva Moreira Ferreira: Federal Institute of Education, Science and Technology Baiano, Itaberaba 46880-000, BA, Brazil
Jorge López Puga: Faculty of Psychology, University of Granada, 18071 Granada, Spain
Ana María Ruiz-Ruano García: Faculty of Education, University of Granada, 18071 Granada, Spain
Authors registered in the RePEc Author Service: Mouawiya Al Awad

Sustainability, 2022, vol. 14, issue 22, 1-21

Abstract: This work aimed to investigate the determinants of entrepreneurial risk among Emirati youth enrolled in a university in the United Arab Emirates. This was a quantitative study, which used a survey of 324 university students with an average age of 20.7 years and a standard deviation of 3.1 years. The collected data were analyzed using two methods—Ordinal Probit Regression Estimation and Structural Equation Modeling—to identify the factors that may determine entrepreneurial risk and assess the research hypotheses among this group of Emirati youth. The results showed that Emirati youth are risk-averse when (a) they do not receive government support, (b) they have a perception of low self-efficacy, (c) they are afraid of failure, and d) they perceive considerable obstacles and barriers. In addition, it is concluded that it is necessary to stimulate creativity and an innovative mindset among students.

Keywords: entrepreneurship; fear of failure; risk aversion; innovative thinking mindset; ordered probit regression; structural equation modeling (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:14:y:2022:i:22:p:14963-:d:970510

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