Entrepreneurial Fear-of-Failure among the Emirati Youth: An Ordered Logistic Regression Estimation

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The paper explores the psychological barriers that prevent young Emirati students from pursuing entrepreneurship. Utilizing a survey of 324 university students with an average age of 20.7 years, the study examines factors contributing to the fear of entrepreneurial failure (FoF) through Ordinal Logistic Regression analysis. The key findings indicate that although there is a prevalent fear of failure among these students, several factors can mitigate this fear and encourage entrepreneurial endeavors. These factors include entrepreneurial education, social support from family and friends, understanding of entrepreneurial opportunities, and overcoming perceived obstacles. The results suggest that students with more entrepreneurial education and support from their social network are less likely to fear failure. Conversely, those who perceive more obstacles are more likely to experience higher levels of FoF. The study underscores the importance of fostering an educational environment that supports entrepreneurship and provides practical experience. It also highlights the role of social support in reducing fears associated with starting a business. These insights can guide policymakers and educators in creating programs that encourage young Emiratis to pursue entrepreneurial activities, ultimately contributing to the UAE’s goal of developing a robust entrepreneurial culture.

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