Factors predicting entrepreneurial activities: A fresh insight from South Asia
Mahwish Zafar, Wajahat Shafiq
The purpose of this study is to investigate the impact of innovation, fear of failure, perceived opportunities, and perceived capabilities on total entrepreneurial activities in South Asia. The data on all modeled variables were collected from the Global Entrepreneurship Monitor (GEM) for 2001-2020. Moreover, this study utilized Johansson co-integration test to examine the long-run relationship while ARDL has been employed to inspect the short-run relationship among the modeled variable. The results indicate that perceived capabilities, innovation, and perceived opportunities have a positive and significant association with entrepreneurial activity in South Asia but fear of failure has a significant and negative association with entrepreneurial activities. This study revealed the association between innovation, fear of failure, perceived opportunities, and perceived capabilities on total entrepreneurial activity in South Asian countries. This study suggests the policymakers exercise insurance policies against the fear of failure. Furthermore, relevant institutions should arrange workshops, seminars, and platforms to boost up innovation, perceived capabilities, and perceived opportunities so that entrepreneurial activities progress. This study will extend the existing knowledge of entrepreneurial activities` literature. Moreover this study will value add in the information of factors effecting entrepreneurial activities and help the policy makers to prioritize according.