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Can entrepreneurial role models alleviate the fear of entrepreneurial failure?

Author

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  • Eugenia Ferreto
  • Esteban Lafuente
  • Juan Carlos Leiva

Abstract

This paper analyses how entrepreneurial role models alleviate the fear of entrepreneurial failure among people who are not yet involved in entrepreneurial activities. The proposed hypothesis are tested using a logistic regression model relating the presence of entrepreneurial role models and fear of failure on a unique sample drawn from the Costa Rica Global Entrepreneurship Monitor (GEM) for the year 2014. The findings of the study reveal that the presence of entrepreneurial examples reduces the fear of failure among non-entrepreneurially active individuals. This study offers insights on how entrepreneurial examples contribute to shape relevant individual perceptions related to the fear of entrepreneurial failure, which constitutes an antecedent of entrepreneurship.

Suggested Citation

  • Eugenia Ferreto & Esteban Lafuente & Juan Carlos Leiva, 2018. "Can entrepreneurial role models alleviate the fear of entrepreneurial failure?," International Journal of Business Environment, Inderscience Enterprises Ltd, vol. 10(2), pages 160-173.
    • Handle: RePEc:ids:ijbenv:v:10:y:2018:i:2:p:160-173
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    Cited by:

    1. Nizar Mtibaa & Sami Boudabbous, 2023. "The Realities of Learning through Failure in Entrepreneurship: Results of Qualitative Research," International Review of Management and Marketing, Econjournals, vol. 13(2), pages 19-27, March.

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