A Structural Model for Predicting Entrepreneurial Intention of University Students
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Published:
Jul 3, 2019
Keywords:
Attitude educational support entrepreneurial intention perceived behavior intention social norms
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Abstract
Recently, entrepreneurship has been considered as a key growth for economic development. It also occurs the principal issue of governmental and academic scholars’ interests. While many studies have revealed how students evaluate entrepreneurial intention with their perceived educational support, little is known as the attitudinal antecedents impact an entrepreneurial intention of the university students. This study aims to test the antecedents of entrepreneurial intention among Thai university students. The data collected from 231 students via self-administered questionnaires in 4 different universities in Thailand. The structural model was tested by structural equation modelling for examining the relationship between educational support, social norms, perceived behavior control, attitude and entrepreneurial intention. The findings indicated that perceived behavior control, educational support, and attitude had significantly positive impact directly to Entrepreneurial, while social norms exerted significantly negative impact on entrepreneurial intention. With reference to the research results, the findings might be contributed to the students who are interested in doing business and also contribute to offer useful knowledge about entrepreneur creation for educational institutes and government.
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References
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Shiri, N., Mohammadi, D. and Hosseini, S.M. (2012) Entrepreneurial intention of agricultural students: effects of role model, social support, social norms and perceived desirability. Archives of Applied Science Research 4(2): 892-897.
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Wu, S. and Wu, L. (2008) The impact of higher education on entrepreneurial intentions of university students in China. Journal of Small Business and Enterprise Development 15(14): 752-774.
Zhang, Y., Duysters, G. and Cloody, M. (2013) The role of entrepreneurship education as a predictor of university students’ entrepreneurial intention. International Entrepreneurship and Management Journal 10(3): 623-641.
Ajzen, I. (2006) Constructing a theory of planned behavior questionnaire: brief description of the theory of planned behavior. [Online URL: https://people.umass.edu/aizen/pdf/tpb.measurement.pdf]
Anderson, J. and Gerbing, D. W. (1988) Structural equation modeling in practice: A review and recommended two-step approach. Psychological Bulletin 13: 411-423.
Autio, E., Keeley, R. H., Klofsten, M. and Ulfstedt, T. (1997) Entrepreneurial intent among students: testing an intent model in Asia, Scandinavia and USA, Frontiers of Entrepreneurship Research Babson Conference Proceedings. [Online URL: https://www.babson.edu/ent rep/fer]
Blue update. (2014) The Long Road for Thai SMEs. Blue update 10: 4-6.
Byabashaija, W. and Katono, I. (2011) The impact of college entrepreneurial education on entrepreneurial attitudes and intention to start a business in Uganda. Journal of Developmental Entrepreneurship 16(1): 127-144.
Choo, S. and Wong, M. (2009) Entrepreneurial intention: triggers and barriers to new venture creations in Singapore. Singapore Management Review 28(2): 47-64.
Cialdini, R. and Trost, M. (1998) Social influence: social norms, conformity, and compliance. In D. Gilbert, S. Fiske, and G. Lindzey (Eds.), The Handbook of Social Psychology 4th ed., pp. 151-192. Boston: McGraw-Hill.
Douglas, E. and Shepherd, D. (2000) Entrepreneurship as a utility-maximizing response. Journal of Business Venturing 15(3): 231-251.
Fatoki, O. O. (2010) Graduate entrepreneurial intention in South Africa: Motivations and obstacles. International Journal of Business and Management 5(9): 87-98.
Fornell, C. and Larcker, D. F. (1981) Evaluating Structural Equation Models with Unobservable Variables and Measurement Error. Journal of Marketing Research 18(1): 39-50.
Gelard, P. and Saleh, K. E. (2011) Impact of some contextual factors on entrepreneurial intention of university students. African Journal of Business Management 5(26): 10707-10717.
Gurbuz, G. and Aykol, S. (2008) Entrepreneurial intentions of young educated public in Turkey. Journal of Global Strategic Management 4: 47-56.
Hair, J. F., Black, W. C., Babin, B. J. and Anderson, R. E. (2010) Multivariate data analysis: A global perspective (7th ed.). New Jersey: Pearson Prentice Hall.
Hu, L. T. and Bentler, P. M. (1999) Cutoff criteria for fit indexes in covariance structure analysis: conventional criteria versus new alternatives. Structural Equation Modeling: A multidisciplinary journal 6(1): 1-55.
Joreskog, K. (1993) Testing structural equation models. In K. A. Bollen, & J.S. Long (Eds.), Testing structural equation models., pp.136-162. Newbury Park, CA, Sage Publications.
Kadir, M. B. A., Salim, M. and Kamarudin, H. (2012) The relationship between educational support and entrepreneurial intentions in Malaysian Higher Learning Institution. Social and Behavioral Sciences 69: 2164-2173.
Kautonen, T., Tornikovski, E. T. and Kibler, E. (2011) Entrepreneurial intentions in the third age: the impact of perceived age norms. Small Bus Econ 37: 219-234.
Khuong, M. N. and An, N. H. (2016) The factors affecting entrepreneurial intention of the students of Vietnam National University – A mediation analysis of perception toward entrepreneurship. Journal of Economics, Business and Management 4(2): 104-111.
Kolvereid, L. (1997) Prediction of employment status choice intentions. Entrepreneurship Theory & Practice 21: 47-57.
Krueger, N. F., Reilly, M. and Carsrud, A. (2000) Competing Models of Entrepreneurial Intentions. Journal of Business Venturing 15(2): 411-432.
Kuratko, D. F. (2005) The emergence of entrepreneurship education: development, trends and challenges. Entrepreneurship Theory and Practice 29(5): 577-597.
Liñán, F., Rodríguez-Cohard, J. C. and Rueda-Cantuche, J. M. (2011) Factors affecting entrepreneurial intention levels: a role for education. International Entrepreneurship and Management Journal 7(2): 195-218.
Ministry of Finance. (2015) Financial policy for supporting SMEs. Ministry of Finance news 72: 1-3.
Muhammad, A. D., Aliyu, S. and Ahmed, S. (2015) Entrepreneurial intention among Nigerian university students. American Journal of Business Education 8(4): 239-248.
Obschonka, M., Silbereisen, K. and Schmitt-Rodermund, E. (2010) Entrepreneurial intention as developmental outcome. Journal of Vocational Behavior 77(1): 63-72.
Peng, Z. X., Lu, G. S. and Kang, H. (2012) Entrepreneurial intentions and its influencing factors: a survey of the university students in Xi’an China. Creative Education 3: 95-100.
Peterman, N. and Kennedy, J. (2003) Enterprise education: influencing students’ perceptions of entrepreneurship. Entrepreneurship Theory and Practice 28(2): 129-144.
Rengiah, P. and Sentosa I. (2015) Entrepreneurship education and entrepreneurial intentions among Malaysian university students: Developing a hypothesised model through Structural Equation Modelling. Australian Journal of Basic and Applied Sciences 9(7): 703-710.
Schneider, B. (1987) The people make the place. Personnel Psychology 40: 437-453.
Scholten, V., Kemp, R. and Omta, O. (2004) Entrepreneurship for life: The entrepreneurial intention among academics in the life sciences. Paper presented at European summer university conference 2004. Enschede: The Netherlands.
Shiri, N., Mohammadi, D. and Hosseini, S.M. (2012) Entrepreneurial intention of agricultural students: effects of role model, social support, social norms and perceived desirability. Archives of Applied Science Research 4(2): 892-897.
The Office of Small and Medium Enterprises Promotion. (2015) Creating the new entrepreneurs. [Online URL: https://www.sme.go.th/th/index.php/news1/1030-2015-11-26]
Wu, S. and Wu, L. (2008) The impact of higher education on entrepreneurial intentions of university students in China. Journal of Small Business and Enterprise Development 15(14): 752-774.
Zhang, Y., Duysters, G. and Cloody, M. (2013) The role of entrepreneurship education as a predictor of university students’ entrepreneurial intention. International Entrepreneurship and Management Journal 10(3): 623-641.