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Fear to Fail and Entrepreneurship Intent: Examining Linkages and Potential Pathways in Senegal

Author

Listed:
  • Cheikh T. Ndour

    (Dakar, Senegal)

  • Simplice A. Asongu

    (Johannesburg, South Africa)

Abstract

This study aims to investigate the effect of fear of failure on entrepreneurship intent. It utilises survey data from the Global Entrepreneurship Monitor (2015) conducted in Senegal. Analysing a sample of 2364 individuals, the probit model was employed, revealing three key findings. Firstly, fear of failure significantly diminishes entrepreneurship intent. Secondly, individuals who are partially employed demonstrate a heightened inclination towards entrepreneurship. Thirdly, fear of failure consistently impacts entrepreneurship intent regardless of gender. A key policy implication of this research is the necessity to address discrimination in policies designed to support individuals with greater entrepreneurial aspirations.

Suggested Citation

  • Cheikh T. Ndour & Simplice A. Asongu, 2024. "Fear to Fail and Entrepreneurship Intent: Examining Linkages and Potential Pathways in Senegal," Working Papers 24/032, European Xtramile Centre of African Studies (EXCAS).
    • Handle: RePEc:exs:wpaper:24/032
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    References listed on IDEAS

    as
    1. Cacciotti, Gabriella & Hayton, James C. & Mitchell, J. Robert & Giazitzoglu, Andres, 2016. "A reconceptualization of fear of failure in entrepreneurship," Journal of Business Venturing, Elsevier, vol. 31(3), pages 302-325.
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    3. Kollmann, Tobias & Stöckmann, Christoph & Kensbock, Julia M., 2017. "Fear of failure as a mediator of the relationship between obstacles and nascent entrepreneurial activity—An experimental approach," Journal of Business Venturing, Elsevier, vol. 32(3), pages 280-301.
    4. Devi R. Gnyawali & Daniel S. Fogel, 1994. "Environments for Entrepreneurship Development: Key Dimensions and Research Implications," Entrepreneurship Theory and Practice, , vol. 18(4), pages 43-62, July.
    5. Scott Shane, 2000. "Prior Knowledge and the Discovery of Entrepreneurial Opportunities," Organization Science, INFORMS, vol. 11(4), pages 448-469, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Entrepreneurship intent; probit; occupation; gender; Senegal;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • J29 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Other
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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