Academy of Entrepreneurship Journal (Print ISSN: 1087-9595; Online ISSN: 1528-2686)

Abstract

Exploring the Relationship Between Entrepreneurship Development and Financial Management Expertise Among the Students A Study from Kuwait

Author(s): Ahmed Nahar Al Hussaini

The purpose of this paper is to investigate the impact of financial management expertise on entrepreneurship development among the students of Kuwait. To address this objective, data is collected through a structural questionnaire, considering the factors of financial management qualities, influential factors/barriers for entrepreneurship activities, and key topics for the development of entrepreneurship in public sector universities. A final sample of 305 respondents is observed for both descriptive and regression analyses. It is found that factors like creativity and innovativeness, risk taking abilities, problem solving techniques, along with cash and time management are of core interest by the students while dealing with financial management capabilities. Among the influential factors/barriers, bad experience of others and educational background, government policies and fear of failure have their substantial influence on the respondent’s attitude towards entrepreneurship activities. Besides, key topics like business plans, business ideas and finance are of the core interest from respondents view for the development of entrepreneurship. Empirical findings explain that factors like producing accurate financial information, risk management, cash flows, time value of the money, budget and forecasting, working capital and overall FM has their significant influence on selected proxies of entrepreneurship in students of Kuwait. As per the limitations, this study considers the publicsector universities, limited sample from overall population of student community and ignoring the significance of entrepreneurship development cell in educational institutions. Besides, originality of the study can be viewed from the context of FM and ED integration in the region of Kuwait, which is not done yet.