Impact of collaborative, entrepreneurship education on the financial risk taken by university students

Abstract

Based on the definition of entrepreneurship, entrepreneurs can be considered as risk-takers. The literature contains conflicting theories as to whether risk-taking can be influenced by external factors. The current paper investigates the effect of entrepreneurship education and collaborative environment on financial risk-taking behavior among university-age young people. To this end, an online survey was conducted involving 510 participants and various statistical tests were utilized to test the research hypothesis. To measure financial risk-taking propensity, the Choice Dilemma Questionnaire methodology was implemented. The results of the analysis reveal that both the level of entrepreneurship education and a collaborative environment increase financial risk-taking. Moreover, multiple linear regression methodology was used to capture the significant factors that influence financial risk-taking when investing alone and investing in a collaborative environment. As a policy recommendation, the authors suggest that an entrepreneurship training curriculum should be developed that incorporates the various activities and elements of a collaborative environment.

Investigation of startups’ sustainability: empirical evidence from Saudi Arabia

“…Entrepreneurs see market gaps and create businesses to fill them (Diaz-Foncea & Marcuello, 2013;Bastida et al, 2021). As a result, they are risk takers who fuel change, innovation, and advancement in a country's economy (Longenecker et al, 2012;Saydaliev & Kadyrov, 2022). A country's total economic development is proportional to its amount of entrepreneurship (Acs, 2006;Xiao, 2007;Acs et al, 2008;Anshika & Singla, 2022).…”