Testing hypotheses of entrepreneurial characteristics

Investigates if entrepreneurial inclination is significantly associated with the following psychological characteristics: need for achievement, locus of control, propensity to take risk, tolerance of ambiguity, self‐confidence and innovativeness. A self‐administered, fixed‐alternative questionnaire is administered to 100 MBA students in Hong Kong, yielding a usable response rate of 54 per cent. χ 2 tests of independence show that those who are entrepreneurially inclined and those who are not are homogeneous with respect to demographic and family characteristics. T ‐test results and logit analysis indicate that those who are entrepreneurially inclined have greater innovativeness, more tolerance of ambiguity and higher propensity to take risk as compared with those who are not entrepreneurially inclined. The logit model has an overall holdout accuracy rate of 87.4 per cent. Although not statistically significant, descriptive statistics suggest that the entrepreneurially inclined also possess a higher need for achievement, greater (internal) locus of control and more self‐confidence.