Entrepreneurial intention of Bangladeshi students: impact of individual and contextual factors
09 Jan 2020-Problems and perspectives in management (Md. Uzzal Hossain, Ahmed Al Asheq, S. M. Arifuzzaman)-Vol. 17, Iss: 4, pp 493-503
TL;DR: Hossain et al. as mentioned in this paper investigated the extent to which individual and contextual factors determine the entrepreneurial intention in Bangladesh and found that individual factors have more influence on entrepreneurial intentions than contextual variables.
Abstract: 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. Md Uzzal Hossain (Bangladesh), Ahmed Al Asheq (Bangladesh), S. M. Arifuzzaman (Bangladesh)
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TL;DR: In this paper , the authors identified the factors that impact the entrepreneurial intentions (EI) of students at tertiary level and used citation analysis to identify the 36 most impactful studies in this area of research.
Abstract: Abstract Entrepreneurship has been viewed as a critical contributor and an economic engine in a country for creating new jobs and it is crucial for graduates to alter their mindset to become self-employed. Thus, it is necessary to synthesize the factors that impact the entrepreneurial intentions (EI) of students at tertiary level. The aim of this research is twofold; first to identify the factors which have been most studied in the literature and second, to determine which factors are less explored to measure the EI of students. This research adopts the systematic review approach to identify various studies conducted between 2005 to June 2022. The paper further adopted citation analysis and identified the 36 most impactful studies in this area of research. Next, the thematic analysis was conducted and seven main themes (factors) (cognitive, personality, environmental, social, educational, contextual and demographic) of EI determinants were identified. The analysis of the papers clearly demonstrated that the TPB model and cognitive factors dominate this area of research. Furthermore, over half of the studies are conducted in Asia, hence it is important to explore other regions such as Africa, America and Europe and other comparative studies between various regions. The study offers avenues for future research and practical implications of the study for the practitioners.
16 citations
TL;DR: In this competitive era, it has become a prerequisite for financial firms providing banking services to understand and meet the customers' needs and demands to remain competitive in today's market environment as mentioned in this paper.
Abstract: In this competitive era, it has become a prerequisite for the financial firms providing banking services to understand and meet the customers’ needs and demands to remain competitive in today’s market environment. Without satisfying the customers, banking business cannot stand alone. To satisfy customers, it is often recommended to provide better quality banking services to the bank customers. Providing quality banking services has become a prime strategic tool for the banking sector nowadays. Therefore, the study investigates the effect of various dimensions of service quality of banking service on customer satisfaction in a developing country, Bangladesh. A total of 212 walking Bangladeshi banking customers participated in this research. A structured questionnaire was developed based on past research. SPSS is utilized for analysis and Likert scale was used in this study. Internal consistency of all items was found correct and a total of seven hypotheses were proposed. For testing, a 5% significance level is considered for acceptance of hypothesis. The findings show that, except employee competency, all other variables such as reliability, assurance, tangibles, responsiveness, empathy, and access to service have positive influence on customer satisfaction. The study provides policy implications for the management boards of the banking sectors.
15 citations
Cites background from "Entrepreneurial intention of Bangla..."
...The country has been achieving increasing economic growth (Hossain et al., 2019)....
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TL;DR: In this article, the authors collected data from Shariah auditors, members of the Shariah board and audit committee of six private Islamic banks in Bangladesh and found that auditor's work autonomy, level of competency, and work performance significantly impact the auditing effectiveness.
Abstract: The concept of Shariah-based internal audit has received increasing attention from researchers in recent times especially since Islamic financial institutions have been developing in several Asian countries like Bangladesh. To avoid financial irregularities and to maintain Shariah-based financial transactions, an effective Shariah-based internal audit system is extremely important for Islamic financial institutions such as Islamic banks. Hence, the objective of this study is to determine the factors that influence the effectiveness of the Shariah-based audit system. Study data has been gathered from Shariah auditors, members of the Shariah board and audit committee of six private Islamic banks in Dhaka, Bangladesh. A total of 210 survey questionnaires were sent and finally 136 responses were retained, indicating a final sample size of n=136, with a survey feedback rate of 65%. The study adopted a quantitative measure and collected only primary data, followed by convenience sampling. SPSS has been used to run necessary statistical interpretation. Results reveal that auditor’s work autonomy, level of competency, and work performance significantly impact the Shariah-based internal audit effectiveness. The study findings can be adopted as guidelines to improve the overall effectiveness of the Shariah-based internal audit system in Islamic financial institutions.
10 citations
Cites background from "Entrepreneurial intention of Bangla..."
...Bangladesh is one of the world’s fastest-growing economies and has been clocking rapid GDP growth rates since 2004 (Akhter et al., 2020a; Akter et al., 2020; Hossain et al., 2019; Rahaman et al., 2020)....
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TL;DR: In this paper, the authors used survey questionnaires to collect data from service employees and found that job certainty, career growth and advancement opportunity, and quality working environment have been the most crucial and influential motivating factors for the service employees.
Abstract: Work motivation is critical for ensuring sustainability of any business firm. Motivated personnel essentially helps an organization achieve its organizational goal and objective. Hence, it has become an essential duty for business managers and management committees to identify the motivating factors that would strongly affect their employees. The purpose of the current research is to identify which are the factors that motivate service employees most at their workplace in Bangladesh. The study has used survey questionnaires to collect data from service employees. Convenience sampling is used for data collection. A total of 240 questionnaires were distributed and 183 completed questionnaires were returned (response rate: 77%). The study used purposeful motivating factors, which are ranked (from 1 to 10) by the service employees according to the significance of the factors. Mean value is applied to determine the most crucial motivating factor, where the factor with lowest mean value is considered as the highest significant motivating factor. Results reveal that job certainty, career growth and advancement opportunity, and quality working environment have been the most crucial and influential motivating factors for the service employees. The study adequately underlines the necessity of motivational factors and provides some guidelines to keep employees motivated.
6 citations
Cites background from "Entrepreneurial intention of Bangla..."
...Bangladesh has been treated across the world as a country with economic potential because of growing economic activities, which lead to an increased economic growth (Rahaman et al., 2020; Akhter et al., 2020; Hossain et al., 2019)....
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TL;DR: In this paper, the influence of the Shariah Supervisory Board (SSB) and Shariah Audit Committee (SAC) on CSR adoption in Islamic banks in Bangladesh is analyzed.
Abstract: Although corporate social responsibility (CSR) is an extensively studied topic, its determinants in the field of Islamic banking are scarce. In Bangladesh, CSR plays a vital role in gaining customer loyalty and confidence. Therefore, this research aims to identify and analyze the influence of the Shariah Supervisory Board (SSB) and the Shariah Audit Committee (SAC) on CSR adoption in Islamic banks in Bangladesh. The study population is managers and second managers of 160 Islamic bank branches of different commercial banks in Dhaka, Bangladesh. The sampling technique used is convenience sampling where the first available primary data source was used for the research without additional requirements. The study developed a survey questionnaire from examining previous related studies in Islamic banking and CSR context. The final sample size in this research was n = 309, indicating the survey response rate was about 97%. The study used SPSS 23.0 software to interpret the statistical findings, and the findings revealed that support from the SSB and the presence of a strong and effective SAC has a strong correlation with CSR adoption and significantly influence CSR adoption in Islamic banks in Bangladesh. Finally, the study proposes several significant and crucial policy guidelines for Islamic bank branches to adopt CSR activities.
5 citations
Cites background from "Entrepreneurial intention of Bangla..."
...In a major leap forward, Bangladesh has become eligible to graduate to a developing country from a least developed one as it has met all the three criteria (per capita gross national income (GNI), human assets, and economic vulnerability to external shocks) (Hossain et al., 2019) for the first time for getting out of the UN’s Least Developed Countries (LDC) bloc....
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...…to a developing country from a least developed one as it has met all the three criteria (per capita gross national income (GNI), human assets, and economic vulnerability to external shocks) (Hossain et al., 2019) for the first time for getting out of the UN’s Least Developed Countries (LDC) bloc....
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References
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"Entrepreneurial intention of Bangla..." refers background in this paper
...Hence, regression analysis exhibits individual factors [F (5, 260) = 14,753; p < 0....
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TL;DR: In this paper, the authors compare two intention-based models in terms of their ability to predict entrepreneurial intentions: Ajzen's theory of planned behavior (TPB) and Shapero's model of the entrepreneurial event (SEE).
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"Entrepreneurial intention of Bangla..." refers background in this paper
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TL;DR: In this paper, the authors proposed an entrepreneurial self-efficacy construct (ESE) to predict the likelihood of an individual being an entrepreneur, which refers to the strength of a person's belief that he or she is capable of successfully performing the various roles and tasks of entrepreneurship.
2,481 citations