4 research outputs found

    Extending the concept of financial literacy: A step toward a sustainable society

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    This study analyzes financial literacy in Bosnia and Herzegovina by considering three areas: interest, inflation, and diversification, with financial literacy as a multi-dimensional construct consisting of financial knowledge and financial skills. Using a cross-sectional questionnaire-based survey, 638 valid responses were collected from working-age individuals (18-65 years old). Financial knowledge and skills were analyzed through a prism of several demographic factors, including age, education, household income, and gender. Welch's F tests, ANOVA with Brown-Forsythe, LSD post hoc tests, and Welch's t-tests were performed to test the hypotheses. The findings provide evidence of moderate financial literacy. Similarly to previous studies, financial knowledge and skills partially depend on the respondent's age, education, household income, and gender. The study contributes to the current literature by taking a much-needed non-functional approach to examining financial literacy, focusing not only on financial knowledge but also on often neglected financial skills and providing insight into the unique context of Bosnia and Herzegovina

    Entrepreneurial and intrapreneurial intentions: Analyzing the premise of distinct constructs with different determinants

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    This study investigates the entrepreneurial and intrapreneurial intentions of the working-age population in Bosnia and Herzegovina by considering a set of demographic and entrepreneurial background factors. Using a cross-sectional survey design, 782 responses were collected. To test hypotheses, confirmatory factor analysis, Welch's t-test, one-way variance analysis with Brown-Forsythe, Welch's F, and least square difference post hoc tests were used. The results suggest several theoretical and practical implications. First, entrepreneurial and intrapreneurial intentions are statically different constructs. Second, there were mixed results regarding demographic factors where age is a significant differentiator in entrepreneurial and intrapreneurial intentions, experience and education are partial, while gender is insignificant. Third, concerning entrepreneurial background factors, both entrepreneurial education and family are significant differentiators in entrepreneurial and intrapreneurial intentions. Finally, the study contributes to the current state of knowledge by empirically demonstrating divergence between entrepreneurial and intrapreneurial intentions, extending the comparative research to the working-age population, and providing implications within the context of Bosnia and Herzegovina

    Understanding individual entrepreneurial orientation: A generational perspective

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    Current research on entrepreneurial orientation is mostly from a firm-level perspective, focuses on developed countries, and recent studies treat entrepreneurial orientation as a uni-dimensional construct. Studies on entrepreneurial orientation from a generational perspective mostly use a comparison between two groups (young and old) and neglect the well-accepted classification of generational cohorts. This study therefore examines the individual dimensions of entrepreneurial orientation (risk-taking, innovativeness and proactivity) among the Baby Boomers, Generations X, Y, and Z in Bosnia and Herzegovina. Data were collected through a cross-sectional survey that yielded a sample of 1,082 adults from Bosnia and Herzegovina. One-way analysis of variance with Brown-Forsythe, Welchā€™s F, and least significant post-hoc tests were used to test the hypotheses. The results show some evidence that individual entrepreneurial orientation varies significantly between generations, at different levels of significance. Risk-taking generally decreases with older generations, as does innovativeness, except when comparing Generations X and Y, while proactiveness increases with older generations. The study provides valuable information for future entrepreneurs, business incubators and potential investors

    Understanding individual entrepreneurial orientation: A generational perspective

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    Current research on entrepreneurial orientation is mostly from a firm-level perspective, focuses on developed countries, and recent studies treat entrepreneurial orientation as a uni-dimensional construct. Studies on entrepreneurial orientation from a generational perspective mostly use a comparison between two groups (young and old) and neglect the well-accepted classification of generational cohorts. This study therefore examines the individual dimensions of entrepreneurial orientation (risk-taking, innovativeness and proactivity) among the Baby Boomers, Generations X, Y, and Z in Bosnia and Herzegovina. Data were collected through a cross-sectional survey that yielded a sample of 1,082 adults from Bosnia and Herzegovina. One-way analysis of variance with Brown-Forsythe, Welchā€™s F, and least significant post-hoc tests were used to test the hypotheses. The results show some evidence that individual entrepreneurial orientation varies significantly between generations, at different levels of significance. Risk-taking generally decreases with older generations, as does innovativeness, except when comparing Generations X and Y, while proactiveness increases with older generations. The study provides valuable information for future entrepreneurs, business incubators and potential investors
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