Motivation of the youth of Bosnia and Herzegovina to start a business: Examining aspects of education and social and political engagement

Abstract

In the present study, several logit models were tested to identify the antecedents of entrepreneurial intention among the youth of Bosnia and Herzegovina (B&H). Specifically, we explore whether demographic and socio-economic characteristic or whether perceptions of education curriculum and social and political engagement as well as the perception of media influence have an impact on the intention to start one's own business. Data analysis was done on a sample of 3,611 young people. Education level and perception of the standard of living have an impact on the attitude towards self-employment. In addition, the perception of education curriculum and parents support in education is linked with the entrepreneurial intention. Furthermore, some campaigns of social and political engagement are significant predictors of the propensity towards starting the business. Finally, the perception of media influence impacts entrepreneurial intention positively. The findings have important implications for policymakers and universities. ARTICLE HISTORY

The Influence of Socio-Demographic Characteristic on Entrepreneurial Intention: An Empirical Study in Sultanate of Oman

“…Some other reasons refer to the self-confidence of people at that level of age which is higher than people who are over 65. These findings are consistence with the study done by Turulja, Agic, and Veselinovic (2020) which found that age positively affects entrepreneurial intention.…”

“…A series of recent studies have indicated that there is an influence between age and intention, and it was found that age positively relates to entrepreneurial intention. This finding confirms that a person's entrepreneurial intent grows with age (Turulja, Agic, & Veselinovic, 2020;Schwarz et al 2009). In addition, previous studies confirm that age is associated with a lower likelihood of having an entrepreneurial intention (Nguyen, 2018;Hatak et al, 2015).…”

“…In addition, previous studies confirm that age is associated with a lower likelihood of having an entrepreneurial intention (Nguyen, 2018;Hatak et al, 2015). Some other research found that the number of youths starting new businesses is increasing due to unemployment (Turulja, Agic, & Veselinovic, 2020;Nazri et al, 2016). Therefore, many studies stated that the age of 25 and above is the most suitable age at which individuals are capable to start their own business.…”

“…Several studies found that the intention to become an entrepreneur is higher among males than females (Turulja, Agic, & Veselinovic, 2020;Indarti, Rostiani, & Nastiti, 2010). At the same time, Turulja et al (2020) and Schwarz et al (2009) also reported similar findings in which males are more inspired to be more active in owning a business compared to females. Nguyen (2018) and Crant (1996) have recognized that men are more prospective than women to have a definite intention or incline to start their own business.…”

Personality Traits and Business Environment for Entrepreneurial Motivation

“…The author argues that business barriers can be demotivational toward engagement in entrepreneurship. Turulja et al (2020) defined business barriers as the total of the legal and institutional barriers, market barriers, financial barriers, and entrepreneurial infrastructure, among other things. He mentioned that different environments influence motivation and barriers can decrease the motivation to be involved in start-ups.…”