Examination of Factors Affecting Youths’ Entrepreneurial Intention: A Cross-Sectional Study

Abstract

This study aims to examine the predictive effect of enterprise education, perceived social norms, entrepreneurial motivations, perceived structural support and innovativeness on entrepreneurial intention. A total of 150 useable responses were collected among young people living in the capital of Maldives, Male’. A cross-sectional quantitative survey was carried out by using a structured questionnaire. A relevant statistical analytical such as regression analysis was used to test the hypotheses set forth in this study. The descriptive results showed that male respondent is slightly more than female respondent which is consistent with the 2014 census of Maldives showing male population in the country is slightly higher than female. The majority of the respondents participated in this survey are from the age group of 18-22 years old. The main finding of the study showed enterprise education, perceived social norms, entrepreneurial motivations and innovativeness have a positive and significant relationship towards entrepreneurial intention. However, perceived structural support has no significant relationship towards entrepreneurial intention. In this study it was also found that enterprise education was the most significant predictor of entrepreneurial intention followed by entrepreneurial motivation, innovativeness and perceived social norms. This finding makes a considerable contribution to the existing literature on factors influencing entrepreneurial intentions among youth in Maldives. The implication and limitations of the study are also discussed.

Entrepreneurial intention of students in Bosnia and Herzegovina: what type of support matters?

“…The dominant theory can support such results in the academic field of entrepreneurial intentions, the theory of planned behaviour, according to which the intention is the result of an entire set of behavioral beliefs, along with social norms. Interestingly, similar results were obtained by Omar and Kebangsaan (2017) showing that entrepreneurial education, perceived social norms, entrepreneurial motivations and innovation had a positive and significant relation to entrepreneurial intentions. However, the perceived structural support did not reveal to be a significant predictor of entrepreneurial intention among youth in Maldives.…”

“…Also, considering that the development of entrepreneurship is slow and largely neglected by policymakers in B&H (Palalic et al, 2017), the interpretation of the hypotheses related to informal and regulatory support should be interpreted in accordance with the research context and the level of entrepreneurship development. It seems that a more developed entrepreneurial environment better predicts the entrepreneurial intention in contrast to countries where the level of entrepreneurship is low (e.g., Goyanes (2015) vs. Omar and Kebangsaan (2017) findings). Finally, the sample was convenient due to access difficulty and future studies could incorporate random sampling approach for the findings to be generalizable.…”

Determinantes del emprendimiento juvenil en Colombia: un análisis desde la nueva economía institucional

“…Los trabajos realizados en los últimos años evidencian la relevancia que tiene el estudio del emprendimiento en los jóvenes, destacándose factores que influyen tanto positiva, como negativamente en el deseo de éstos por llevar a cabo actividades de tipo empresarial. El emprendimiento es considerado como una alternativa para superar el desempleo juvenil en un territorio, el cual impacta el dinamismo económico y, en consecuencia, el bienestar de una sociedad (Maxwell, 2002;García, 2016;Yáñez & Escareño, 2020;Nazri et al, 2016). Adicionalmente, esta población suele asumir un rol de agentes de cambio a través del emprendimiento social (Bosma et al, 2016;Makua, Amigo & Doistua, 2017), convirtiéndose en el foco de atención para el diseño de una política pública de empleo.…”

The Development of an Entrepreneurship Index for Low-Income Households

“…Hence, this study employed the following aspects of entrepreneurial motivation, namely, self-improvement, self-confidence, openness to change, pull factors, push factors, and the need for achievement. These selected aspects had been deemed as significant, primarily because self-improvement appears to be an essential motivator in initiating entrepreneurship (Hussain, Scott, & Hannon, 2008) and ascertaining success in the business undertaken (Sanchez & Sahuquillo, 2012), whereas self-confidence encourages entrepreneurial activities (Kiggundu, 2002), stimulates entrepreneurship (Eijdenberg & Masurel, 2013), and gives assurance in realizing an entrepreneurial action (Nazri, Aroosha, & Omar, 2016). On top of that, pull factors reflect one’s internal desires that dictate entrepreneurial ventures, hence turning into successful entrepreneurs (Nazri et al, 2016).…”