Comparative Analysis of Students’ Entrepreneurial Intentions in Latvia and Other CEE Countries

Abstract

This study aims to analyse the entrepreneurial intentions of students comparing Latvia and other Central and Eastern European countries. The investigation examines the impact of factors of micro and macro level as well as entrepreneurial education. The paper contains both qualitative and quantitative analysis including inferential and descriptive statis-tics to analyse the deviations inside the sample of 680 respondents from Latvia and other Eastern Euro-pean countries. The results reveal several statistically significant differences between students from Lat-via and other countries. Latvians emphasize seeking independence as a highly important motivational factor while valuing lower formal education, business training and business experience as the factors contributing to the success in entrepreneurship. Students from Latvia consider the regulatory framework for doing business to be a bigger obstacle to doing business than in other Central and Eastern European countries. This paper contributes to previous studies on entrepreneurial intentions in different geographical areas of Central and Eastern European countries where this type of research is lacking. Through identification of factors that impact entrepreneurial education, micro and macro factors influencing career decisions and intentions of young people it will be possible to improve systems of education and government policies to increase the efficiency of entrepreneurial education and to encourage entrepreneurship as a career choice.

Digital Transformation in Entrepreneurship Education: The Use of a Digital Tool KABADA and Entrepreneurial Intention of Generation Z

“…Various types of assets, liabilities, revenue streams, cost items, initial investment is already specified in business model Canvas. When data is entered in the financial forecast block, KABADA generates a cash flow statement for the first year of operations [97].…”

“…Lim et al [96] emphasizes the moderating role of self-efficacy in professional development results. Lesinskis et al [97], Davey et al [98] write about differences among representatives of Genaration Z in different global regions, countries, or even within a single country, underlying that young people from developing countries are more willing to engage in entrepreneurship than those from developed countries. Given the changes in technology, it is necessary to gradually transform the traditional teaching mode into a new type of teaching that is more innovative, practical, inclusive and in line with entrepreneurship education [93].…”

“…Lim et al [96] emphasizes the moderating role of self-efficacy in professional development results. Lesinskis et al [97], Davey et al [98] write about differences among representatives of Genaration Z in different global regions, countries, or even within a single country, underlying that young people from developing countries are more willing to engage in entrepreneurship than those from developed countries.…”

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“…Referring to the metaphor used in the title of this article, we place the old marriage of EI and its determinants in a new house, namely the Central and Eastern European research area. Few studies are carried out in CEE countries (Lesinskis, Carvalho, Mavlutova, & Dias, 2022), and descriptions of comparative research conducted in these countries are still lacking. We see insufficient research in CEE as a research gap that our article fills, answering the call to analyze entrepreneurship in various regions of the world in order to obtain a clearer picture (e.g., Valliere, 2017).…”