The Relationship between Childhood Characteristics and the Involvement in Entrepreneurial Activities and New Ventures

Davoudi, A. (2017) The Relationship between Childhood Characteristics and the Involvement in Entrepreneurial Activities and New Ventures.

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Abstract:Various research has identified that childhood characteristics have a significant relation on the individual's desirability and intention to become an entrepreneur. However, too little is known what relation those childhood factors have on the involvement in entrepreneurial activities and how previous significant relationships change when the factors are viewed as one entity. Therefore, the purpose of this study is to find out if the weighted sum of those factors have a significant relationship with the individual's actual involvement in entrepreneurial activities and the creation of new ventures. This study assessed with the help of a univariate analysis of variance and a sample of 103 individuals, obtained via online survey, which suggested childhood factors, namely, family business background, migration background, difficult childhood, frequent relocation and financial distress as the independent variables have the strongest relationship to the dependent variable individual's involvement in entrepreneurial activities and new ventures. The analysis revealed, when viewing the childhood factors as a unit, only migration background and financial distress have a significant positive relationship to the dependent variable, while the other independent variables show no scientific significant relation. This study contributes to the existing body of literature by bringing a new perspective and insights to the understanding of the origin regarding entrepreneurship and the individual's involvement. From a managerial perspective, the awareness that especially migration background and financial distress influence and shape the individual’s character to become involved in starting his own business, gives evidence that governments need to develop policies and programs to encourage and support children and their parents if they aim to increase their economic potential which also depends on increasing the percentage of entrepreneurial activities and new ventures in their country.
Item Type:Essay (Master)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:70 social sciences in general, 77 psychology, 83 economics, 85 business administration, organizational science
Programme:Business Administration MSc (60644)
Link to this item:http://purl.utwente.nl/essays/73071
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