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

Daniela Gimenez-Jimenez (), Linda F. Edelman (), Alexandra Dawson () and Andrea Calabrò ()
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Daniela Gimenez-Jimenez: Technische Universität München
Linda F. Edelman: Bentley University
Alexandra Dawson: Concordia University
Andrea Calabrò: IPAG Business School

Small Business Economics, 2022, vol. 58, issue 2, No 23, 1111 pages

Abstract: Abstract 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.

Keywords: Female nascent entrepreneurs; Male nascent entrepreneurs; Risk; Country-level culture; Start-up activities; J16; J24; M13; L26 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (6)

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DOI: 10.1007/s11187-020-00435-8

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