Entrepreneurial intention of Bangladeshi students: impact of individual and contextual factors
-
DOIhttp://dx.doi.org/10.21511/ppm.17(4).2019.40
-
Article InfoVolume 17 2019, Issue #4, pp. 493-503
- Cited by
- 1443 Views
-
323 Downloads
This work is licensed under a
Creative Commons Attribution 4.0 International License
This study has investigated the extent to which individual and contextual factors determine the entrepreneurial intention in Bangladesh. Also, this study examined the comparative impact of both individual and contextual factors on entrepreneurial intentions. Sample data (n = 270) have been collected through using a survey questionnaire from a renowned public university of Bangladesh. This study has applied both correlation analysis and hierarchical regression for testing the hypotheses. Total eight hypotheses are tested to examine the influence of seven independent variables on entrepreneurial intentions, in which six factors have been found as significant predictors of entrepreneurial intentions. The correlation analysis revealed that risk-taking, locus of control, self-efficacy, and job autonomy are significantly correlated with entrepreneurial intention at 5% significance level. The regression result indicated that individual factors such as risk-taking, locus of control, self-efficacy, and job autonomy and contextual factors such as social networks and university educational program have positive effect on entrepreneurial intention. The study also found out that individual factors have more influence on entrepreneurial intentions than contextual variables. This paper also offers some implications for academic scholars.
- Keywords
-
JEL Classification (Paper profile tab)M10, J26, M13
-
References47
-
Tables3
-
Figures0
-
- Table 1. Demographic variables
- Table 2. Correlation between entrepreneurial intention and predictive variables
- Table 3. Hierarchical multiple regression analysis
-
- Al-Jubari, I., Hassan, A., & Liñán, F. (2018). Entrepreneurial intention among University students in Malaysia: integrating self-determination theory and the theory of planned behavior. International Entrepreneurship and Management Journal, 15(4), 1323-134220.
- Aragon-Sanchez, A., Baixauli-Soler, S., & Carrasco-Hernandez, A. J. (2017). A missing link: the behavioral mediators between resources and entrepreneurial intentions. International Journal of Entrepreneurial Behavior & Research, 23(5), 752-768.
- Arrighetti, A., Caricati, L., Landini, F., & Monacelli, N. (2016). Entrepreneurial intention in the time of crisis: a field study. International Journal of Entrepreneurial Behavior & Research, 22(6), 835-859.
- Arshad, M., Farooq, O., Sultana, N., & Farooq, M. (2016). Determinants of individuals’ entrepreneurial intentions: a gender-comparative study. Career Development International, 21(4), 318-339.
- Bandura, A. (1977). Self-efficacy: toward a unifying theory of behavioral change. Psychological review, 84(2), 191-215.
- Barba-Sánchez, V., & Atienza-Sahuquillo, C. (2018). Entrepreneurial intention among engineering students: The role of entrepreneurship education. European Research on Management and Business Economics, 24(1), 53-61.
- Cetindamar, D., Gupta, V. K., Karadeniz, E. E., & Egrican, N. (2012). What the numbers tell: the impact of human, family and financial capital on women and men’s entry into entrepreneurship in Turkey. Entrepreneurship & Regional Development, 24(1/2), 29-51.
- Chen, C. C., Greene, P. G., & Crick, A. (1998). Does entrepreneurial self-efficacy distinguish entrepreneurs from managers? Journal of Business Venturing, 13(4), 295-316.
- Dinis, A., Paco, A., Ferreira, J., Raposo, M., & Rodrigues, R. G. (2013). Psychological characteristics and entrepreneurial intentions among secondary students. Education + Training, 55(8/9), 763-780.
- Ezeh, P. C., Nkamnebe, A. D., & Omodafe, U. P. (2019). Determinants of entrepreneurial intention among undergraduates in a Muslim community. Management Research Review.
- Farrukh, M., Khan, A. A., Shahid Khan, M., Ravan Ramzani, S., & Soladoye, B. S. A. (2017). Entrepreneurial intentions: the role of family factors, personality traits and self-efficacy. World Journal of Entrepreneurship, Management and Sustainable Development, 13(4), 303-317.
- House, R. J., Shane, S. A., & Herold, D. M. (1996). Rumors of the death of dispositional research are vastly exaggerated. Academy of Management Review, 21(1), 203-224.
- Jones, O., & Jayawarna, D. (2010). Resourcing new businesses: social networks, bootstrapping and firm performance. Venture Capital, 12(3), 1-37.
- Korent, D., Vuković, K., & Brčić, R. (2015). Entrepreneurial activity and regional development. Economic research-Ekonomska istraživanja, 28(1), 939-958.
- Kristiansen, S., & Indarti, N. (2004). Entrepreneurial intention among Indonesian and Norwegian students. Journal of Enterprising Culture, 12(1), 55-78.
- Krueger, N. F. (1993). The impact of prior entrepreneurial exposure on perceptions of new venture feasibility and desirability. Entrepreneurship Theory and Practice, 18(1), 5-23.
- Krueger, N. F. (2007). What lies beneath? The experiential essence of entrepreneurial thinking. Entrepreneurship. Theory and Practice, 31(1), 123-138.
- Krueger, N. F., Reilly, M. D., & Carsrud, A. L. (2000). Competing models of entrepreneurial intentions. Journal of Business Venturing, 15(5/6), 411-432.
- Liñán, F., & Chen, Y. W. (2009). Development and cross-cultural application of a specific instrument to measure entrepreneurial intentions. Entrepreneurship Theory and Practice, 33(3), 119-144.
- Linan, F., & Rodríguez-Cohard, J. C. (2015). Assessing the stability of graduates’ entrepreneurial intention and exploring its predictive capacity. Academia Revista Latinoamericana de Administración, 28(1), 77-98.
- Linan, F., Nabi, G., & Krueger, N. F. (2013). British and Spanish entrepreneurial intentions: a comparative study. Revista de Economía Mundial, 33, 73-103.
- Linan, F., Urbano, D., & Guerrero, M. (2011). Regional variations in entrepreneurial cognitions: startup intentions of university students in Spain. Entrepreneurship and Regional Development, 23(3/4), 187-215.
- Nguyen, C. (2018). Demographic factors, family background and prior self-employment on entrepreneurial intention-Vietnamese business students are different: why? Journal of Global Entrepreneurship Research, 8(1), 10.
- Nowiński, W., & Haddoud, M. Y. (2019). The role of inspiring role models in enhancing entrepreneurial intention. Journal of Business Research, 96, 183-193.
- Ozen Kutanis, R., Bayraktaroglu, S., & Bozkurt, O. (2006). Is the personality features important in entrepreneurial orientation and experience (pp. 12-32) (14th National Management and Organization Congress Proceedings in Erzurum). Ataturk University, Erzurum.
- Packham, G., Jones, P., Miller, C., Pickernell, D., & Brychan, T. (2010). Attitudes towards entrepreneurship education: a comparative analysis. Education + Training, 52(8/9), 568-586.
- Pihie, Z. A. L., & Bagheri, A. (2013). Self-efficacy and entrepreneurial intention: The mediation effect of self-regulation. Vocations and Learning, 6(3), 385-401.
- Robinson, P. B., Stimpson, D. V., Huefner, J. C., & Hunt, H. K. (1991). An attitude approach to the prediction of entrepreneurship. Entrepreneurship: Theory and Practice, 15(4), 13-31.
- Rotter, J. (1966). Generalized expectancies for internal versus external control of reinforcement. Psychological Monographs, 80(1), 1-28.
- Sandhu, M. S., Sidique, S. F., & Riaz, S. (2011). Entrepreneurship barriers and entrepreneurial inclination among Malaysian postgraduate students. International Journal of Entrepreneurial Behavior & Research, 17(4), 428-449.
- Schwarz, E. J., Wdowiak, M. A., Almer-Jarz, D. A., & Breitenecker, R. J. (2009). The effects of attitudes and perceived environment conditions on students’ entrepreneurial intent. Education + Training, 51(1), 272-291.
- Sequeira, J., Mueller, S. L., & McGee, J. E. (2007). The influence of social ties and self-efficacy in forming entrepreneurial intentions and motivating nascent behavior. Journal of Developmental Entrepreneurship, 12(3), 275-293.
- Sesen, H. (2013). Personality or environment? A comprehensive study on the entrepreneurial intentions of university students. Education + Training, 55(7), 624-640.
- Shane, S., Locke, E. A., & Collins, C. J. (2012). Entrepreneurial motivation. Human Resource Management Review, 13(2), 257-279.
- Širec, K., & Močnik, D. (2010). How entrepreneurs’ personal characteristics affect SMEs’ growth. Original Scientific Papers, 1/2, 3-12.
- Stewart, Jr. W. H., & Roth, P. L. (2001). Risk propensity differences between entrepreneurs and managers: A meta-analytic review. Journal of Applied Psychology, 86(1), 145-153.
- Stewart, Jr. W. H., Watson, W. E., Carland, J. C., & Carland, J. W. (1999). A proclivity for entrepreneurship: A comparison of entrepreneurs, small business owners, and corporate managers. Journal of Business Venturing, 14(2), 189-214.
- Taormina, R. J., & Lao, S. K. (2007). Measuring Chinese entrepreneurial motivation: Personality and environmental influences. International Journal of Entrepreneurial Behavior & Research, 13(4), 200-221.
- Thompson, E. R. (2009). Individual entrepreneurial intent: construct clarification and development of an internationally reliable metric. Entrepreneurship: Theory & Practice, 33(3), 669-694.
- Turker, D., & Sonmez Selçuk, S. (2009). Which factors affect entrepreneurial intention of university students? Journal of European Industrial Training, 33(2), 142-159.
- Venkatapathy, R. (1984). Locus of control among entrepreneurs: a review. Psychological Studies, 29(1), 97-100.
- Walter, S. G., & Heinrichs, S. (2015). Who becomes an entrepreneur? A 30-years-review of individual level research. Journal of Small Business and Enterprise Development, 22(2), 225-248.
- Wang, C. K., & Wong, P. (2004). Entrepreneurial interest of university students in Singapore. Technovation, 24(2), 163-172.
- Wang, W., Lu, W., & Millington, J. K. (2011). Determinants of entrepreneurial intention among college students in China and USA. Journal of Global Entrepreneurship Research, 1(1), 35-44.
- Wijaya, T., & Sunarta, S. (2019). Data survey on the antecedent of the entrepreneurial intention in Indonesia. Data in Brief, 25, 104317.
- Zhang, Y., Duysters, G., & Cloodt, M. (2014). The role of entrepreneurship education as a predictor of university students’ entrepreneurial intention. International Entrepreneurship and Management Journal, 10(3), 623-641.
- Zhao, H., Seibet, S. E., & Hills, G. E. (2005). The mediating role of self-efficacy in the development of entrepreneurial intentions. Journal of Applied Psychology, 90(6), 1265-1272.