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The role of corruption and risk aversion in entrepreneurial intentions

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  • Luciana De Andrade Costa
  • Emerson Wagner Mainardes

Abstract

The literature on entrepreneurship has suggested that an individual's entrepreneurial intention depends on three types of factor: personal characteristics, the individual's expertise and professional background, and external factors. Our study investigates how corruption, an external factor, and risk aversion, a personal characteristic, may simultaneously affect individuals' entrepreneurial intentions. With data on 76 203 individuals in 53 countries, our estimation results indicate that risk aversion decreases the individual's probability of having an entrepreneurial intention by 6.67 percentage points. In addition, an increase in 1 SD in the perceived level of corruption in a country decreases the individual's probability of having an entrepreneurial intention by 0.96 percentage points.

Suggested Citation

  • Luciana De Andrade Costa & Emerson Wagner Mainardes, 2016. "The role of corruption and risk aversion in entrepreneurial intentions," Applied Economics Letters, Taylor & Francis Journals, vol. 23(4), pages 290-293, March.
    • Handle: RePEc:taf:apeclt:v:23:y:2016:i:4:p:290-293
    DOI: 10.1080/13504851.2015.1071462
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    Cited by:

    1. Sorin Gabriel Anton & Ionel Bostan, 2017. "The Role of Access to Finance in Explaining Cross-National Variation in Entrepreneurial Activity: A Panel Data Approach," Sustainability, MDPI, vol. 9(11), pages 1-16, October.
    2. Adeshina Olushola Adeniyi & Vangeli Gamede & Evelyn Derera, 2024. "Individual entrepreneurial orientation for entrepreneurial readiness," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-10, December.
    3. Patricia Akemi Sakaguti Motoki & Silveli Cristo-Andrade & Fabio Yoshio Suguri Motoki & Emerson Wagner Mainardes, 2022. "The Influence of Culture on Entrepreneurship: Differences Between the Perceptions of Portuguese and Spanish Cultures," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(4), pages 3002-3028, December.
    4. Karina Bogatyreva & Galina Shirokova, 2017. "From Entrepreneurial Aspirations to Founding a Business: The Case of Russian Students," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 11(3), pages 25-36.
    5. Emanuel Wittberg & Gissur Ó. Erlingsson & Karl Wennberg, 2024. "Does local government corruption inhibit entrepreneurship?," Small Business Economics, Springer, vol. 62(2), pages 775-806, February.
    6. Lenka Veselovská & Ján Závadský & Zuzana Závadská, 2020. "Mitigating bribery risks to strengthen the corporate social responsibility in accordance with the ISO 37001," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(4), pages 1972-1988, July.

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