IDEAS home Printed from https://ideas.repec.org/a/rbs/ijbrss/v11y2022i2p57-66.html
   My bibliography  Save this article

The Filipino generation Z’s entrepreneurial intention: What drives their business mindedness?

Author

Listed:
  • Antonio Jr Estrada Etrata

    (University of Santo Tomas)

  • Jackie Lou Raborar

    (College of Accounts and Business, FEU-Diliman)

Abstract

Entrepreneurs play pivotal roles that affect the economy. These roles are job creation, wealth generation, economic growth, and innovation. According to WorldBank data, they account for around 90% of enterprises and more than half of all jobs in the globe. In emerging economies, formal SMEs account for up to 40% of national income (GDP). The prolonged effects of the COVID-19 pandemic which resulted in job losses have encouraged even the Filipino Generation Z to engage in entrepreneurial activities. This supports various studies conducted by research firms recently that 54% of Generation Z wanted to start their own business venture. Thus, this research aims to determine the influence of entrepreneurial attitude, social valuation, entrepreneurial skills, and entrepreneurial knowledge on entrepreneurial intention. There were 110 Generation Z respondents who answered the adopted survey questionnaire. The researchers were able to secure permission from the original author to use the research instrument. The research utilized a quantitative research design primarily descriptive-correlational. The data were processed using regression analysis to test the relationship of variables. The regression results preceded the acceptance of the 4 hypotheses which means that entrepreneurial attitude, social valuation, entrepreneurial skills, and entrepreneurial knowledge significantly influence entrepreneurial intention. The results will be considerably useful to academics to promote entrepreneurship from high school to college level, to future entrepreneurs in identifying the factors that influence entrepreneurial intention, to the government and its regulators for policy development, and to researchers who plan to expand the literature on the entrepreneurial mind. Key Words:Entrepreneurial Attitude, Entrepreneurial Intention, Entrepreneurial Knowledge, Entrepreneurial Skills, Generation Z, Social Valuation

Suggested Citation

  • Antonio Jr Estrada Etrata & Jackie Lou Raborar, 2022. "The Filipino generation Z’s entrepreneurial intention: What drives their business mindedness?," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(2), pages 57-66, March.
    • Handle: RePEc:rbs:ijbrss:v:11:y:2022:i:2:p:57-66
    DOI: 10.20525/ijrbs.v11i2.1660
    as

    Download full text from publisher

    File URL: http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/1660/1185
    Download Restriction: no
    File URL: https://doi.org/10.20525/ijrbs.v11i2.1660
    Download Restriction: no
    File URL: https://libkey.io/10.20525/ijrbs.v11i2.1660?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. repec:taf:entreg:v:23:y:2011:i:3-4:p:187-215 is not listed on IDEAS
    2. Muhammad Amsal Sahban & Subramaniam Sri Ramalu & Ruswiati Syahputra, 2016. "The Influence of Social Support on Entrepreneurial Inclination among Business Students in Indonesia," Information Management and Business Review, AMH International, vol. 8(3), pages 32-46.
    3. Nguyen, Anh Tuan & Do, Thi Hai Ha & Vu, Thi Bich Thao & Dang, Kim Anh & Nguyen, Hoang Long, 2019. "Factors affecting entrepreneurial intentions among youths in Vietnam," Children and Youth Services Review, Elsevier, vol. 99(C), pages 186-193.
    4. Aleksander Kucel & Montserrat Vilalta-Bufi, 2016. "Entrepreneurial skills and wage employment," International Journal of Manpower, Emerald Group Publishing Limited, vol. 37(3), pages 556-588, June.
    5. Isaac Kofi Mensah & Guohua Zeng & Chuanyong Luo & Zhiwu Xiao & Mengqiu Lu, 2021. "Exploring the Predictors of Chinese College Students’ Entrepreneurial Intention," SAGE Open, , vol. 11(3), pages 21582440211, July.
    6. Ibrahim Al-Jubari & Arif Hassan & Francisco Liñán, 2019. "Entrepreneurial intention among University students in Malaysia: integrating self-determination theory and the theory of planned behavior," International Entrepreneurship and Management Journal, Springer, vol. 15(4), pages 1323-1342, December.
    7. Mah Jabeen Zafar & Ghulam Yasin & Mariah Ijaz, 2012. "Social Networking A Source for Developing Entrepreneurial Intentions among Entrepreneurs: A Case of Multan," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 2(8), pages 1072-1084, December.
    8. Mah Jabeen Zafar & Ghulam Yasin & Mariah Ijaz, 2012. "Social Networking A Source for Developing Entrepreneurial Intentions among Entrepreneurs: A Case of Multan," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 2(8), pages 1072-1084.
    9. Shinozaki, Shigehiro & Rao, Lakshman N., 2021. "COVID-19 Impact on Micro, Small, and Medium-Sized Enterprises under the Lockdown: Evidence from a Rapid Survey in the Philippines," ADBI Working Papers 1216, Asian Development Bank Institute.
    10. Abhijeet Biswas & Rohit Kumar Verma, 2021. "Attitude and Alertness in Personality Traits: A Pathway to Building Entrepreneurial Intentions Among University Students," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 30(2), pages 367-396, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Muhammad Amsal Sahban & Subramaniam Sri Ramalu & Ruswiati Syahputra, 2016. "The Influence of Social Support on Entrepreneurial Inclination among Business Students in Indonesia," Information Management and Business Review, AMH International, vol. 8(3), pages 32-46.
    2. Gutierrez-Lythgoe, Antonio, 2023. "Redes y autoempleo: Evidencia con datos de Facebook [Networks and self-employment: Evidence from Facebook data]," MPRA Paper 116656, University Library of Munich, Germany.
    3. Ameh, Abu Amodu & Udu, Aka Ama, 2016. "Social Networks and Entrepreneurship Orientation among Students in Nigerian Universities: A Study of Social Network Size and Risk Disposition," Business and Management Research, Business and Management Research, Sciedu Press, vol. 5(2), pages 1-11, June.
    4. Kehinde A. Ojewumi & Damilare A. Fagbenro, 2019. "Entrepreneurial Intention Among Polytechnic Students In Nigeria: The Role Of Self- Efficacy And Social Networks," International Journal of Entrepreneurial Knowledge, Center for International Scientific Research of VSO and VSPP, vol. 7(1), pages 20-30, June.
    5. Nabil Al-Qadasi & Gongyi Zhang & Ibrahim Al-Jubari, 2021. "Attitude of youth towards self-employment: Evidence from university students in Yemen," PLOS ONE, Public Library of Science, vol. 16(9), pages 1-20, September.
    6. Ahmad Raza Bilal & Pierfelice Rosato & Raffaele Campo & Rossella Leopizzi, 2023. "Women empowerment and entrepreneurial intention: A pathway to achieve sustainable development goal (SDG‐5)," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(3), pages 1389-1405, May.
    7. repec:thr:techub:10011:y:2020:i:1:p:339-354 is not listed on IDEAS
    8. Samir Marwan Hammami & Tareq Muhammad Alhousary & Ahmad Taha Kahwaji & Syed Ahsan Jamil, 2022. "The status quo of omani female entrepreneurs: a story of multidimensional success factors," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(4), pages 2063-2089, August.
    9. Tomo Kawane & Bismark Adu-Gyamfi & Yuqiu Cao & Yinjia Zhang & Nanami Yamazawa & Zuquan He & Rajib Shaw, 2024. "Digitization as an Adaptation and Resilience Measure for MSMEs amid the COVID-19 Pandemic in Japan: Lessons from the Food Service Industry for Collaborative Future Engagements," Sustainability, MDPI, vol. 16(4), pages 1-21, February.
    10. Igarashi, Takiko & Takeda, Asami & Truong, Hoa T. & Sonobe, Tetsushi, 2022. "Evolving Impacts of the COVID-19 Pandemic on Micro, Small, and Medium-Sized Enterprises in Asia," ADBI Working Papers 1286, Asian Development Bank Institute.
    11. Tancredi Pascucci & Giuseppina Maria Cardella & Brizeida Hernàndez-Sànchez & Jose Carlos Sànchez-Garcìa, 2022. "Environmental Sensitivity to Form a Sustainable Entrepreneurial Intention," Sustainability, MDPI, vol. 14(16), pages 1-17, August.
    12. Cai Li & Majid Murad & Sheikh Farhan Ashraf, 2023. "The Influence of Women’s Green Entrepreneurial Intention on Green Entrepreneurial Behavior through University and Social Support," Sustainability, MDPI, vol. 15(13), pages 1-17, June.
    13. Isaac Kofi Mensah & Muhammad Khalil Khan & Deborah Simon Mwakapesa, 2023. "Factors determining the entrepreneurial intentions among Chinese university students: the moderating impact of student internship motivation," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-15, December.
    14. Gibreel T. & Zaibet L. & Al-Akhzami S. & El-Haj A., 2022. "Personal Motivations and Entrepreneurship Career Intentions: Testing Theory of Planned Behaviour," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(7), pages 739-751, July.
    15. Temoor Anjum & Petra Heidler & Azadeh Amoozegar & Rao Tahir Anees, 2021. "The Impact of Entrepreneurial Passion on the Entrepreneurial Intention; Moderating Impact of Perception of University Support," Administrative Sciences, MDPI, vol. 11(2), pages 1-14, April.
    16. Hoang, Giang & Luu, Tuan Trong & Le, Thuy Thu Thi & Tran, Anh Kim Thi, 2022. "Dark Triad traits affecting entrepreneurial intentions: The roles of opportunity recognition and locus of control," Journal of Business Venturing Insights, Elsevier, vol. 17(C).
    17. Elsy Lediana & Tomy Perdana & Yosini Deliana & Tuhpawana P. Sendjaja, 2023. "Sustainable Entrepreneurial Intention of Youth for Agriculture Start-Up: An Integrated Model," Sustainability, MDPI, vol. 15(3), pages 1-19, January.
    18. Damianus Abun & Sylvia Lalaine Grace L. Foronda & Fredolin P. Julian & Egdona A. Quinto & Theogenia Magallanes, 2022. "Business intention of students with family business and entrepreneurial education background," International Journal of Business Ecosystem & Strategy (2687-2293), Bussecon International Academy, vol. 4(2), pages 01-12, April.
    19. Kadoukpè Gildas Magbondé & Djana Mignouna & Victor Manyong & Razack Adéoti & Ayélé Odile Sossou, 2023. "Impact of informal institutions on youth agribusiness participation in Southern Benin," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 11(1), pages 1-26, December.
    20. Arsalan Najmi & Kanagi Kanapathy & Azmin A. Aziz, 2021. "Exploring consumer participation in environment management: Findings from two‐staged structural equation modelling‐artificial neural network approach," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(1), pages 184-195, January.
    21. Edwina Oheneasi Essel & Wang Min & Charles Hackman Essel & Koffi Dumor, 2020. "Unemployment Blues: Analysis of the Dual Mediating Effects of Knowledge and Perception on Entrepreneurial Intentions in the Environment," SAGE Open, , vol. 10(3), pages 21582440209, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rbs:ijbrss:v:11:y:2022:i:2:p:57-66. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Umit Hacioglu (email available below). General contact details of provider: https://edirc.repec.org/data/ssbffea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.