Abstract. The objective of this study is to examine the influence of self-efficacy on entrepreneurial intention amongst engineering students from Public Higher Educational Institution (PHEI) in Malaysia. This study employs a quantitative method using the questionnaire instrument. Data is obtained from 345 respondents comprising of final year students from various public institutes of higher learning in Malaysia. Findings revealed that the students from these public institutes demonstrated a high interest in entrepreneurial intention (mean=3.67, SD=.54) and a moderate level of sel-efficacy (mean=3.22, SD=.71). Findings also pointed out that self-efficacy is significantly associated with entrepreneurial intention (β=.45, p<.01) as exhibited by the engineering students in these institutes. These findings further reinforces an element of Bandura Social Learning Theory which states that self-efficacy is able to influence the entrepreneurial intention amongst engineering students in public institutions. As a result, public instituitions can emphasize strategies to increase the degree of self-efficacy amongst students to enhance the level of entrepreneurial intention. Theoretical and practical implications of the findings are also discussed along with recommendations for the further improvement of institution management.
Abstract. The purpose of this research is to investigate the relationships between attitude towards behaviour, subjective norm and entrepreneurial intention among engineering students from Public Higher Educational Institution (PHEI) in Malaysia. This research is carried out by using the quantitative method (questionnaire). Data are gathered from 345 respondents which consisted of the final year students from one PHEI in Malaysia. Results presented that entrepreneurial intention are positively associated with attitude towards behaviour (β=.62, p<.01) and subjective norm (β=.25, p<.01). Thus, it is confirmed that both factors of Theory of Planned Behaviour (TPB), namely attitude towards behaviour and subjective norm are significantly related to entrepreneurial intention among the engineering students in this institution. Elevating the degree of attitude towards behaviour and subjective norm are the best strategies to enhance the level of entrepreneurial intention among the engineering students in this institution. Theoretical and practical implications of the results are discussed. In this line, recommendations for the institution management are provided
The importance of the tourism industry has prevailed among developed and even developing countries. It has been perceived to be an important contribution to economic growth. However, in the proliferation of studies on inflation, information on the extent to which tourism industry able to influence inflation, is still sparse. Therefore, this study embarks on investigating tourism as a potential factor towards inflation. Data on consumer price index and the number of tourist arrival from 1986 until 2014 are used in the analysis. This study adopts a quantitative approach employing the Autoregressive Distributed Lag (ARDL) approach. Several controlled variables such as money supply, economic growth, government expenditure, and interest rate are also included. The results suggest that the tourism industry plays an important role in determining inflation in both short-and long-runs. Therefore, governments should take proactive measures in ascertaining that any expansion of the tourism industry can avert inflation.
The primary objective of shareholders and financial managers is generally stated to be the maximization of shareholders' wealth by increasing the firm value. This research was undertaken to investigate the effect of corporate financing decisions on firm value. The research has been carried out using the panel data procedure for a sample of 256 firms from 9 sectors listed on Bursa Malaysia during the period 2000-2015. The study uses Tobin's Q representing firm value for the dependent variable. The corporate financing was measured by leverage (short-term debt to total assets, long-term debt to total assets, total debt to total assets and total debt to total equity) and debt maturity (long-term debt to total debt). Short-term debt to total assets and long-term debt to total assets has a positive significant relationship to firm value. This finding is consistent with the view that leverage and dividends mitigate agency costs of free cash flow problems, therefore, increasing firm value. Total debt to total assets affects firm value negatively. This proves that although there are benefits of debts, there is also the cost of debts. The cost of debt financing arises from the increase in the probability of bankruptcy. Firm value does not depend on the length of debt maturity.
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