Abstract

GOMEZ-ARAUJO, Eduardo; LAFUENTE, Esteban; VAILLANT, Yancy  and  GOMEZ NUNEZ, Liyis Marilín. The Differential Impact of Self-confidence, Reference Models and the Fear of Failure in Young Entrepreneurs. Innovar [online]. 2015, vol.25, n.57, pp.157-174. ISSN 0121-5051.

The main goal of this work is to determine the effect that self-confidence in entrepreneurial skills and some social-cultural variables (benchmarks and the social stigma of failure) have on the entrepreneurial activity of young people in Spain. With this purpose, a model of logistic regression to strange events is produced using a data base GEM-spain for 2009, with a sample of 24.099 people. The most important results indicate that young people are more entrepreneurial than older people. Besides, they show that self-confidence and social stigma over business failure have a differential effect on the entrepreneurial probability of spanish young people.

Keywords : Young entrepreneur; self-confidence; benchmarks; social stigma of failure; logistic regression; GEM.

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