Exploring the factors responsible in predicting entrepreneurial intention among nascent entrepreneurs: A field research
16 Oct 2019-Vol. 9, Iss: 1, pp 1-18
TL;DR: In this article, a 34-item questionnaire was sent to 250 nascent entrepreneurs who are engaged in executing the new business idea or creating new ventures and enroled in the universities in India.
Abstract: The purpose of this paper is to identify the entrepreneurial intention (EI) among nascent entrepreneurs in the Indian context by using Shapero’s theory of entrepreneurial event as the research framework.,A 34-item questionnaire was responded to 250 nascent entrepreneurs who are engaged in executing the new business idea or creating new ventures and enroled in the universities in India. The questions measured perceived desirability, perceived feasibility, entrepreneurial educational background, entrepreneurial self-efficacy, perceived social pressure and previous work experience in entrepreneurial activities towards entrepreneurship intention. The data were collected by employing a systematic random sampling method. The sample represents 174 male and 76 female nascent entrepreneurs belonging to various disciplines. Structural equation modelling has been used for data analysis.,The results show that the proposed model in the present study explains 51 per cent of the variance, explaining the entrepreneurship intention. Entrepreneurial self-efficacy was found to be the strongest predictor of EI (β=0.397 at p<0.001) followed by previous experience in entrepreneurial activities (β=0.285 at p<0.001).,More than limitation this research study adds to the existing literature of the EI by using a different set of the sample. Mostly EI studies used student sample to measure intentions. Kolvereid and Isaksen used a sample of entrepreneurs to measure EI and achieved very different results. Therefore, this research study extends the work of Kolvereid and Isaksen by using a sample of nascent social entrepreneurs.,The finding of this research study will facilitate policy makers and educators to promote entrepreneurial activities at the university level. Based on the results and findings of the study, the educators may improve upon the support system to help and motivate students to opt for social entrepreneurship as their career choice.,Ajzen (1988) emphasised that the relative significance of the antecedents of intention will vary depending on which stage of intention is under scrutiny. This is one of its kinds of research study that used a sample of nascent entrepreneurs in the Indian context. Findings of this research will be helpful in predicting how the intention process of nascent entrepreneurs works especially in developing countries.
TL;DR: In this paper, a review of the literature on entrepreneurial intention is carried out, which offers a clearer picture of the sub-fields in entrepreneurial intention research, by concentrating on two aspects: citation analysis and thematic analysis.
Abstract: Entrepreneurial intention is a rapidly evolving field of research. A growing number of studies use entrepreneurial intention as a powerful theoretical framework. However, a substantial part of this research lacks systematization and categorization, and there seems to be a tendency to start anew with every study. Therefore, there is a need to take stock of current knowledge in this field. In this sense, this paper carries out a review of the literature on entrepreneurial intentions. A total of 409 papers addressing entrepreneurial intention, published between 2004 and 2013 (inclusive), have been analyzed. The purpose and contribution of this paper is to offer a clearer picture of the sub-fields in entrepreneurial intention research, by concentrating on two aspects. Firstly, it reviews recent research by means of a citation analysis to categorize the main areas of specialization currently attracting the attention of the academic community. Secondly, a thematic analysis is carried out to identify the specific themes being researched within each category. Despite the large number of publications and their diversity, the present study identifies five main research areas, plus an additional sixth category for a number of new research papers that cannot be easily classified into the five areas. Within those categories, up to twenty-five different themes are recognized. A number of research gaps are singled out within each of these areas of specialization, in order to induce new ways and perspectives in the entrepreneurial intention field of research that may be fruitful in filling these gaps.
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.
TL;DR: This paper investigated the determinants of social entrepreneurial intention (SEI) based on the extended model of SEI, further extending it by incorporating the social entrepreneurial role model (RM) and found that prior experience and social entrepreneurial RM are related to SEI through social entrepreneurial self-efficacy and perceived social support.
Abstract: This article investigates the determinants of social entrepreneurial intention (SEI) based on the extended model of SEI, further extending it by incorporating the social entrepreneurial role model (RM). It proposes that their relationship is mediated by empathy, moral obligation, social entrepreneurial self-efficacy, and perceived social support. The structural model is based on 711 surveyed data indicating partial support for such an extension, with the findings suggesting no direct or mediating effect of empathy and moral obligation on SEI. It finds that prior experience and social entrepreneurial RM are related to SEI through social entrepreneurial self-efficacy and perceived social support. This study contributes to SEI theory by modelling the relationship among prior experience, social entrepreneurial RM, social entrepreneurial self-efficacy, and perceived social support.
27 Apr 2021
TL;DR: In this paper, the role of capabilities in the context of EGI in the floriculture industry in Sri Lanka was investigated, and the authors found that there are different perspectives among farm owners regarding EGI.
Abstract: It is imperative to offer a new perspective of Entrepreneurial Growth Intention (EGI) that draws directly upon the capability approach. The aim of this study is to investigate the role of capabilities in the context of EGI in the floriculture industry in Sri Lanka.,The study was exploratory and is mainly qualitative in nature. In-depth interviews were carried out with the owners of farms who possess experience in floriculture commercial cultivation in Sri Lanka.,The results emerged that there are different perspectives among farm owners regarding EGI. Drawing attention on the stories of our participants and making a three-phase analysis, we identified 31 key actions denoted by the farm owners. This work then suggests that the seven capabilities might be fruitfully framed around EGI.,As the results stress the role of capabilities in the formation of an entrepreneur's growth intention is vital. Therefore, more targeted measures should be drawn to build fair and supportive facilities to obtain advanced knowledge, to familiarise with the emergence of technology and to attain professional services specifically in financial literacy.,The question of what factors influence EGI at the farm level is still largely unexplored as less is known about the effect of capabilities on EGI. The study expands the current debates on EGI and institutional environment, which allows the mapping out of capability development.
TL;DR: It can be concluded that perceptual factors have different importance and weight along the optimal models, and if the authors include further reliability measures in the model validation, they cannot pinpoint only one algorithm that can adequately identify nascent entrepreneurs.
Abstract: In our study, we examined the characteristics of nascent entrepreneurs using the 2021 Global Entrepreneurship Monitor national representative data in Hungary. We examined our topic based on Arenius and Minitti’s four-category theory framework. In our research, we examined system-level feature sets with four machine learning modeling algorithms: multivariate adaptive regression spline (MARS), support vector machine (SVM), random forest (RF), and AdaBoost. Our results show that each machine algorithm can predict nascent entrepreneurs with over 90% adaptive cruise control (ACC) accuracy. Furthermore, the adaptation of the categories of variables based on the theory of Arenius and Minitti provides an appropriate framework for obtaining reliable predictions. Based on our results, it can be concluded that perceptual factors have different importance and weight along the optimal models, and if we include further reliability measures in the model validation, we cannot pinpoint only one algorithm that can adequately identify nascent entrepreneurs. Accurate forecasting requires a careful and predictor-level analysis of the algorithms’ models, which also includes the systemic relationship between the affecting factors. An important but unexpected result of our study is that we identified that Hungarian NEs have very specific previous entrepreneurial and business ownership experience; thus, they can be defined not as a beginner but as a novice enterprise.
TL;DR: An integrative theoretical framework to explain and to predict psychological changes achieved by different modes of treatment is presented and findings are reported from microanalyses of enactive, vicarious, and emotive mode of treatment that support the hypothesized relationship between perceived self-efficacy and behavioral changes.
Abstract: The present article presents an integrative theoretical framework to explain and to predict psychological changes achieved by different modes of treatment. This theory states that psychological procedures, whatever their form, alter the level and strength of self-efficacy. It is hypothesized that expectations of personal efficacy determine whether coping behavior will be initiated, how much effort will be expended, and how long it will be sustained in the face of obstacles and aversive experiences. Persistence in activities that are subjectively threatening but in fact relatively safe produces, through experiences of mastery, further enhancement of self-efficacy and corresponding reductions in defensive behavior. In the proposed model, expectations of personal efficacy are derived from four principal sources of information: performance accomplishments, vicarious experience, verbal persuasion, and physiological states. The more dependable the experiential sources, the greater are the changes in perceived selfefficacy. A number of factors are identified as influencing the cognitive processing of efficacy information arising from enactive, vicarious, exhortative, and emotive sources. The differential power of diverse therapeutic procedures is analyzed in terms of the postulated cognitive mechanism of operation. Findings are reported from microanalyses of enactive, vicarious, and emotive modes of treatment that support the hypothesized relationship between perceived self-efficacy and behavioral changes. Possible directions for further research are discussed.
TL;DR: In this article, a general null model based on modified independence among variables is proposed to provide an additional reference point for the statistical and scientific evaluation of covariance structure models, and the importance of supplementing statistical evaluation with incremental fit indices associated with the comparison of hierarchical models.
Abstract: Factor analysis, path analysis, structural equation modeling, and related multivariate statistical methods are based on maximum likelihood or generalized least squares estimation developed for covariance structure models. Large-sample theory provides a chi-square goodness-of-fit test for comparing a model against a general alternative model based on correlated variables. This model comparison is insufficient for model evaluation: In large samples virtually any model tends to be rejected as inadequate, and in small samples various competing models, if evaluated, might be equally acceptable. A general null model based on modified independence among variables is proposed to provide an additional reference point for the statistical and scientific evaluation of covariance structure models. Use of the null model in the context of a procedure that sequentially evaluates the statistical necessity of various sets of parameters places statistical methods in covariance structure analysis into a more complete framework. The concepts of ideal models and pseudo chi-square tests are introduced, and their roles in hypothesis testing are developed. The importance of supplementing statistical evaluation with incremental fit indices associated with the comparison of hierarchical models is also emphasized. Normed and nonnormed fit indices are developed and illustrated.
TL;DR: The centrality of the self-efficacy mechanism in human agency is discussed in this paper, where the influential role of perceived collective effi- cacy in social change is analyzed, as are the social con- ditions conducive to development of collective inefficacy.
Abstract: This article addresses the centrality of the self-efficacy mechanism in human agency. Self-per- cepts of efficacy influence thought patterns, actions, and emotional arousal. In causal tests the higher the level of induced self-efficacy, the higher the perfor- mance accomplishments and the lower the emotional arousal. Different lines of research are reviewed, show- ing that the self-efficacy mechanism may have wide explanatory power. Perceived self-efficacy helps to ac- count for such diverse phenomena as changes in coping behavior produced by different modes of influence, level of physiological stress reactions, self-regulation of refractory behavior, resignation and despondency to failure experiences, self-debilitating effects of proxy control and illusory inefficaciousness, achievement strivings, growth of intrinsic interest, and career pur- suits. The influential role of perceived collective effi- cacy in social change is analyzed, as are the social con- ditions conducive to development of collective inefficacy. Psychological theorizing and research tend to cen- ter on issues concerning either acquisition of knowledge or execution of response patterns. As a result the processes governing the interrelation- ship between knowledge and action have been largely neglected (Newell, 1978). Some of the re- cent efforts to bridge this gap have been directed at the biomechanics problem—how efferent com- mands of action plans guide the production of ap- propriate response patterns (Stelmach, 1976,1978). Others have approached the matter in terms of algorithmic knowledge, which furnishes guides for executing action sequences (Greeno, 1973; Newell, 1973). ,
TL;DR: A critical element in the evolution of a fundamental body of knowledge in marketing, as well as for improved marketing practice, is the development of better measures of the variables with which marketers deal with marketing as discussed by the authors.
Abstract: A critical element in the evolution of a fundamental body of knowledge in marketing, as well as for improved marketing practice, is the development of better measures of the variables with which ma...
TL;DR: In this article, the authors draw upon previous research conducted in the different social science disciplines and applied fields of business to create a conceptual framework for the field of entrepreneurship, and predict a set of outcomes not explained or predicted by conceptual frameworks already in existence in other fields.
Abstract: To date, the phenomenon of entrepreneurship has lacked a conceptual framework. In this note we draw upon previous research conducted in the different social science disciplines and applied fields of business to create a conceptual framework for the field. With this framework we explain a set of empirical phenomena and predict a set of outcomes not explained or predicted by conceptual frameworks already in existence in other fields.
Related Papers (5)
Trending Questions (1)
What are the socio-economic factors that are most important in predicting entrepreneurial intention and behaviour?
Copilot couldn't generate the response. Please try again after some time.