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Determinants Of Entrepreneurial Interest And Risk Tolerance Among Russian University Students: Empirical Study

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  • PÄIVI KARHUNEN

    (Center for Markets in Transition, Aalto University School of Economics, PL 21210, 00076 Aalto, Helsinki, Finland)

  • SVETLANA LEDYAEVA

    (Center for Markets in Transition, Aalto University School of Economics, PL 21210, 00076 Aalto, Helsinki, Finland)

Abstract

This paper, examines the determinants of entrepreneurial interest and risk tolerance among Russian university students using the ordered logit model. The data for the paper was retrieved from a survey conducted in spring of 2008 involving 200 students from three St Petersburg-based universities. The paper produced three main findings. Firstly, the students were highly interested in pursuing entrepreneurial careers and had moderate risk tolerance. Secondly, the respondents with high entrepreneurial interest included males, students of business/economic specialties, students with family business backgrounds, students with experience of being self-employed, and those students who had favourable attitudes toward entrepreneurial behaviour, perceived social norms about entrepreneurship and higher entrepreneurial self-efficacy. Thirdly, the respondents who tended to have the lowest level of risk tolerance were females, students of technical specialties, students without entrepreneurial experience and students with lower entrepreneurial self-efficacy.

Suggested Citation

  • Päivi Karhunen & Svetlana Ledyaeva, 2010. "Determinants Of Entrepreneurial Interest And Risk Tolerance Among Russian University Students: Empirical Study," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 18(03), pages 229-263.
    • Handle: RePEc:wsi:jecxxx:v:18:y:2010:i:03:n:s0218495810000574
    DOI: 10.1142/S0218495810000574
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    References listed on IDEAS

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    1. Block, Joern & Sandner, Philipp & Spiegel, Frank, 2009. "Do risk attitudes differ within the group of entrepreneurs?," MPRA Paper 17587, University Library of Munich, Germany.
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    Cited by:

    1. Maria Claudia Angel Ferrero & Véronique Bessière, 2016. "From Lab to Venture: Cognitive Factors Influencing Researchers' Decision to Start a Venture," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 24(02), pages 101-131, June.
    2. Phuong Mai & Thi-Minh-Ngoc & Nam D. Vo & Phuc Nguyen Nguyen, 2022. "Role of personality traits in shaping entrepreneurial intention: Comparative study of South Korea and Vietnam," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 40(2), pages 395-420.
    3. Barış Sancak & Dilek Demirbaş, 2024. "The Effect Of Financial Literacy On Participation In Investment Markets: A Study On University of Health Sciences Students," Journal of Economic Policy Researches, Istanbul University, Faculty of Economics, vol. 11(2), pages 204-225, July.
    4. Haroon A.A. Saif & Usman Ghania, 2020. "Need for Achievement as a Predictor of Entrepreneurial Behavior: The Mediating Role of Entrepreneurial Passion for Founding and Entrepreneurial Interest," International Review of Management and Marketing, Econjournals, vol. 10(1), pages 40-53.

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