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Fear to fail and entrepreneurship intent: examining linkages and potential pathways in Senegal

Year: 2024

Type: article

Abstract: This study aims to investigate the effect of fear of failure on entrepreneurship intent. It utilises survey data from the Global Entrepreneurship Monitor (2015) conducted in Senegal. Analysing a sample of 2364 individuals, the probit model was employed, revealing three key findings. Firstly, fear of failure significantly diminishes entrepreneurship intent. Secondly, individuals who are partially employed demonstrate a heightened inclination towards entrepreneurship. Thirdly, fear of failure consistently impacts entrepreneurship intent regardless of gender. A key policy implication of this research is the necessity to address discrimination in policies designed to support individuals with greater entrepreneurial aspirations.

Source: Quality & Quantity

DOI: 10.1007/s11135-024-01968-w

Authors: Cheikh T. Ndour, Simplice A. Asongu

Institutions: Cheikh Anta Diop University, Korea University, University of Johannesburg, New Uzbekistan University

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Peace, justice, and strong institutions

Open Access status: hybrid

Estimated APC paid: $2,990