Risk Aversion and Entrepreneurial financing Behavior in presence of Self-Efficacy and Cultural Values
DOI:
https://doi.org/10.47067/real.v6i2.319Keywords:
Risk aversion, Entrepreneurial Financing Behavior, Self-Efficacy, Cultural ValuesAbstract
Risk aversion is adopted as a valuable and workable access to understand the capitalist financing behaviour. Other variables also have been widely examined to check the results on entrepreneurial financing behavior. Yet, how risk aversion affects entrepreneurial financing behavior with mediating effect of self-efficacy and moderating effects of living style values. The basic aim of this paper to build the integrated model, based on mediating effect of self-efficacy to examine the straight and un-straight result of risk aversion on capitalist financing behavior. In last paper first author uses demographic analysis to study and underlying the mediating force of self-efficacy and moderating effects of cultural values. Then implement correlation and regression analysis to explore the relationship of the variables. In this struggle 371 survey responses gathered from business degree students to show the analysis. The mediating effect of self-efficacy is directly and positively linked with entrepreneurial financing behavior. There is a straight relationship and un-straight relationship of risk hatred and entrepreneurial financing behavior also exists through the mediation effect of self-efficacy. Doubling the value of this sample size can be selected from various educational backgrounds to enhance the significance of this survey. Risk aversion is directly acting upon the entrepreneurial financing behavior.
References
Arendtb, B. T. (2022). The design entrepreneur: How adaptive cognition and formal design training create entrepreneurial self-efficacy and entrepreneurial intention. Isareal institute of Techology .
Baron, R. (2016). Self-efficacy and entrepreneurs’ adoption of unattainable goals: the restraining effects of self-control. Journal of Business Venturing , 55-71.
Bollen, K. (1989). Structural Equations with Latent Variables, John Wiley & Sons, New York, NY. emeraldinsight , 1-5.
Boumedjaoud, D. M. (2022). Do external successors influence the entrepreneurial orientation of small businesses? The roles of self-efficacy, creativity, and entrepreneurial alertness 1. Revue de l’Entrepreneuriat, (0), I-XXX .
Clarin, C., & Ekman, G. (2017). Risk Aversion & Asset Allocation in a Low Repo Rate Climate. School 0f Economics and Managment , 1-56.
Di Virgilio, F. ((2022)). The Social Media Usage and Impact on Performance of SMEs A New Entrepreneur Behavior on Policy Implementation. . In Innovations and Social Media Analytics in a Digital Society , (pp. 248-265). CRC Press.
Esguerra, G. A. (2022). Effect of ethical leadership on employee creativity: the state of the art in research. Journal of Management and Economics for lberoamerica .
Fareed, M. Z. (2021). The effect of emotional intelligence, intellectual intelligence and transformational leadership on project success; an empirical study of public projects of Pakistan. Science Direct .
Fathurachman, S. E. (2022). Analysis of Factors That Influence Business Strategy Decision Making on Startup Through the Concept of Pivot Strategy. Asian Journal of Research in Business and Management , 14-23.
Frijns, B. H. ( (2022).). National culture and corporate risk-taking around the world. Global Finance Journal, 52(C).
Jansen, T. M. (2022). . Which student and instructional variables are most strongly related to academic motivation in K-12 education? A systematic review of meta-analyses. Psychological Bulletin , 148(1-2), 1.
Kaminski, S. D. (2022). Comparative analysis of risk-aversion and strategic investment behavior in generation expansion. Electric Power Systems Research .
Kluwe-Schiavon, B. V.-O. (2021). A behavioral economic risk aversion experiment in the context of the COVID-19 pandemic. Google scholor .
Lee, L. (2011). Entrepreneurial intentions: the influence of organizational and individual factors”. Journal of Business Venturing , 124-136.
Liao, Y. K. ((2022)). Unveiling the role of entrepreneurial knowledge and cognition as antecedents of entrepreneurial intention: a meta-analytic study. International Entrepreneurship and Management Journal, , 18(4), 1623-1652.
Mariama Zakari, M. A. (2022). Entrepreneurial Passion and Social Entrepreneurial Intent: The Mediating Role of Entrepreneurial Self-Efficacy in Public Universities in Ghana. European Journal of Business and Management Research .
Miège, B. (2020). Creative Industries, a Large Ongoing Project, Still Inaccurate and Always Uncertain. In The Industrialization of Creativity and Its Limits Springer, Cham. Knowledge Cities World Summit, Istanbul , (pp. 151-161).
Mohammad Osman Gani, Y. T. (2022). Entrepreneurial Intention to Business Start-Up: Evidence from Asia. International journal of Business and society , 54-72.
Nguyenb, Q. (2022). Managers’ loss aversion and firm debt financing: Some insights from Vietnamese SMEs. Elsvier, Science Direct .
Perera, H. T. ( (2022)). Effect of self-efficacy on self-employment intention of undergraduates: a case of arts undergraduates in Sabaragamuwa University of Sri Lanka. Journal of Social Review and Development, , 1(2), 05-13.
Raharja, B. S. ( (2022).). The behavioural dimension of SME’s owner on affecting the financial decisions. . Business: Theory and Practice, , 23(1), 60-69.
Rr. Iramani, L. L. (2021). An integrated model of financial well-being: The role of financial behavior. Growing Science , 691-700.
Sánchez-Bueno, M. J. (2014). How may the nature of family firms explain the decisions concerning international diversification. Journal of business research , 1311-1320.
Shinnar, R. (2012). Entrepreneurial perceptions and intentions: the role of gender and culture. Entrepreneurship Theory and Practice, , 465-493.
Siu, W., & Lo, E. (2013). Cultural contingency in the cognitive model of entrepreneurial ntention”. Entrepreneurship Theory and Practice , 147-173.
Titien Agustina1*, N. 2. (2022). The Influence of Locus of Control, Self-Efficacy, and Adversity. Jurnal Economia, , 1-15.
Trassi, A. P. (2022). Mediating factors of statistics anxiety in university students: a systematic review and meta?analysis. Annals of the New York Academy of Sciences. Annals of the New York Academy of Sciences .
Ugoani, J. (2021). Dynamics of Emotional Intelligence and Public Management Decision-Making. American Journal of Business and Society , 100-109.
Weber, M. (2013). Who takes risks When and Why Determinents of change in investor risk taking. Financial Economics .
XiaoyuYua1TaoLiuab1. (2022). Micro-foundations of strategic decision-making in family business organisations: A cognitive neuroscience perspective. Elsevier .
Zhang, P. (2017). Reassessing the link between risk aversion and entrepreneurial intention. International Journal of Entrepreneurial Behavior & Research , 1-20.
