IDEAS home Printed from https://ideas.repec.org/a/rfe/zbefri/v40y2022i2p395-420.html
   My bibliography  Save this article

Role of personality traits in shaping entrepreneurial intention: Comparative study of South Korea and Vietnam

Author

Listed:
  • Phuong Mai

    (International School, Vietnam National University Hanoi, Hanoi, Vietnam)

  • Thi-Minh-Ngoc

    (International School, Vietnam National University Hanoi, Hanoi, Vietnam)

  • Nam D. Vo

    (FPT University, Da Nang City,Vietnam)

  • Phuc Nguyen Nguyen

    (University of Economics, The University of Da Nang, Vietnam)

Abstract

This paper investigates the role of personality traits in nurturing entrepreneurial intention in South Korea and Vietnam. We developed a research model to examine the integrated influence of both positive entrepreneurial characteristics and dark triad on entrepreneurial intention in South Korea and Vietnam. Primary data was collected from 550 students in South Korea and 700 students in Vietnam using the convenient sampling method in a self-administered questionnaire survey. We used structural equation modelling (SEM) to analyse structural relationships between positive entrepreneurial attributes, dark triads, and entrepreneurial intention in two samples. T-tests were also performed to explore any differences in students’ entrepreneurial intention in South Korea and Vietnam regarding their family background and gender. Findings showed that positive entrepreneurial attributes and dark triads influence entrepreneurial intention differently in the two countries. While the dark triad mainly influenced Vietnamese tudents’ intention to startup, Korean students received more impact from the positive entrepreneurial characteristics such as risk tolerance, locus of control, and entrepreneurial alertness. Surprisingly, both gender and family tradition do not affect students’ entrepreneurial intention. Based on our findings, we suggested that policymakers and higher education institutions in both South Korea and Vietnam promote students’ entrepreneurial intentions in the future.

Suggested Citation

  • Phuong Mai & Thi-Minh-Ngoc & Nam D. Vo & Phuc Nguyen Nguyen, 2022. "Role of personality traits in shaping entrepreneurial intention: Comparative study of South Korea and Vietnam," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 40(2), pages 395-420.
    • Handle: RePEc:rfe:zbefri:v:40:y:2022:i:2:p:395-420
    as

    Download full text from publisher

    File URL: https://www.efri.uniri.hr/upload/1201202209-Phuong_Mai_Nguyen_et_al-2022-2.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Martin Hemmert & Adam R. Cross & Ying Cheng & Jae-Jin Kim & Florian Kohlbacher & Masahiro Kotosaka & Franz Waldenberger & Leven J. Zheng, 2019. "The distinctiveness and diversity of entrepreneurial ecosystems in China, Japan, and South Korea: an exploratory analysis," Asian Business & Management, Palgrave Macmillan, vol. 18(3), pages 211-247, July.
    2. Carr, Jon C. & Sequeira, Jennifer M., 2007. "Prior family business exposure as intergenerational influence and entrepreneurial intent: A Theory of Planned Behavior approach," Journal of Business Research, Elsevier, vol. 60(10), pages 1090-1098, October.
    3. Takawira Munyaradzi Ndofirepi, 2020. "Relationship between entrepreneurship education and entrepreneurial goal intentions: psychological traits as mediators," Journal of Innovation and Entrepreneurship, Springer, vol. 9(1), pages 1-20, December.
    4. Israel M. Kirzner, 1997. "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 60-85, March.
    5. Stein Kristiansen & Nurul Indarti, 2004. "Entrepreneurial Intention Among Indonesian And Norwegian Students," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 12(01), pages 55-78.
    6. Israel Kirzner, 2009. "The alert and creative entrepreneur: a clarification," Small Business Economics, Springer, vol. 32(2), pages 145-152, February.
    7. Keith M. Hmieleski & Daniel A. Lerner, 2016. "The Dark Triad and Nascent Entrepreneurship: An Examination of Unproductive versus Productive Entrepreneurial Motives," Journal of Small Business Management, Taylor & Francis Journals, vol. 54(S1), pages 7-32, October.
    8. KruegerJR, Norris F. & Reilly, Michael D. & Carsrud, Alan L., 2000. "Competing models of entrepreneurial intentions," Journal of Business Venturing, Elsevier, vol. 15(5-6), pages 411-432.
    9. Donald F. Kuratko & David B. Audretsch, 2009. "Strategic Entrepreneurship: Exploring Different Perspectives of an Emerging Concept," Entrepreneurship Theory and Practice, , vol. 33(1), pages 1-17, January.
    10. Anisya S Thomas & Stephen L Mueller, 2000. "A Case for Comparative Entrepreneurship: Assessing the Relevance of Culture," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 31(2), pages 287-301, June.
    11. Päivi Karhunen & Svetlana Ledyaeva, 2010. "Determinants Of Entrepreneurial Interest And Risk Tolerance Among Russian University Students: Empirical Study," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 18(03), pages 229-263.
    12. R. Murugesan & R. Jayavelu, 2017. "The Influence of Big Five Personality Traits and Self-efficacy on Entrepreneurial Intention: The Role of Gender," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 3(1), pages 41-61, January.
    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. Pekka Stenholm & Zoltán J. Ács & Robert Wuebker, 2015. "Exploring country-level institutional arrangements on the rate and type of entrepreneurial activity," Chapters, in: Global Entrepreneurship, Institutions and Incentives, chapter 20, pages 387-404, Edward Elgar Publishing.
    2. Aleksandra S. Dragin & Maja B. Mijatov & Olja Munitlak Ivanović & Ana Jovičić Vuković & Anđelija Ivkov Džigurski & Kristina Košić & Milena Nedeljković Knežević & Slavica Tomić & Uglješa Stankov & Miro, 2022. "Entrepreneurial Intention of Students (Managers in Training): Personal and Family Characteristics," Sustainability, MDPI, vol. 14(12), pages 1-15, June.
    3. Erik Lundmark & Anna Krzeminska & Dean A. Shepherd, 2019. "Images of Entrepreneurship: Exploring Root Metaphors and Expanding Upon Them," Entrepreneurship Theory and Practice, , vol. 43(1), pages 138-170, January.
    4. Edo Rajh & Jelena Budak & Jovo Ateljevic & Ljupco Davcev & Tamara Jovanov & Kosovka Ognjenovic, 2016. "Entrepreneurial Intentions in Selected Southeast European Countries," Working Papers 1609, The Institute of Economics, Zagreb.
    5. Laspita, Stavroula & Breugst, Nicola & Heblich, Stephan & Patzelt, Holger, 2012. "Intergenerational transmission of entrepreneurial intentions," Journal of Business Venturing, Elsevier, vol. 27(4), pages 414-435.
    6. Cuong Nguyen, 2018. "Demographic factors, family background and prior self-employment on entrepreneurial intention - Vietnamese business students are different: why?," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 8(1), pages 1-17, December.
    7. Aikaterini Sarri & Stavroula Laspita & Anastasios Panopoulos, 2018. "Drivers and Barriers of Entrepreneurial Intentions in Times of Economic Crisis: The Gender Dimension," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 16(2), pages 147-170.
    8. Nosheena Yasir & Nasir Mahmood & Hafiz Shakir Mehmood & Muhammad Babar & Muhammad Irfan & An Liren, 2021. "Impact of Environmental, Social Values and the Consideration of Future Consequences for the Development of a Sustainable Entrepreneurial Intention," Sustainability, MDPI, vol. 13(5), pages 1-20, March.
    9. Mmakgabo Justice Malebana & Nkosinathi Henry Mothibi, 2023. "Relationship between prior entrepreneurship exposure and entrepreneurial intention among secondary school learners in Gauteng, South Africa," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-20, December.
    10. Brunella Arru, 2020. "An integrative model for understanding the sustainable entrepreneurs’ behavioural intentions: an empirical study of the Italian context," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(4), pages 3519-3576, April.
    11. Ouni, Selma & Boujelbene, Younes, 2023. "The mediating role of big five traits and self-efficacy on the relationship between entrepreneurship education and entrepreneurial behavior: Study of Tunisian university graduate employees," Evaluation and Program Planning, Elsevier, vol. 100(C).
    12. Mangasini Atanasi Katundu & Damian Mulokozi Gabagambi, 2016. "Barriers to Business Start-up among Tanzanian University Graduates: Evidence from the University of Dar-es-salaam," Global Business Review, International Management Institute, vol. 17(1), pages 16-37, February.
    13. Justin Paul & Philippe Hermel & Archana Srivatava, 2017. "Entrepreneurial intentions—theory and evidence from Asia, America, and Europe," Journal of International Entrepreneurship, Springer, vol. 15(3), pages 324-351, September.
    14. Muralidharan, Etayankara & Pathak, Saurav, 2017. "Informal institutions and international entrepreneurship," International Business Review, Elsevier, vol. 26(2), pages 288-302.
    15. Kwaku Amofah & Ramon Saladrigues, 2022. "Impact of attitude towards entrepreneurship education and role models on entrepreneurial intention," Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-30, December.
    16. 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.
    17. Ljudevit Pranić, 2023. "What Happens to the Entrepreneurial Intentions of Gen Z in a Crony Capitalist Economy Amidst the COVID-19 Pandemic?," Sustainability, MDPI, vol. 15(7), pages 1-22, March.
    18. Ade Paranata & Pahrudin & Syamsiyatul Muzayyanah & Thi Ha Trinh, 2023. "Identification of factors influencing entrepreneurial behavior: unveiling start-up business initiatives in Indonesia," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-12, December.
    19. Edmund R. Thompson, 2009. "Individual Entrepreneurial Intent: Construct Clarification and Development of an Internationally Reliable Metric," Entrepreneurship Theory and Practice, , vol. 33(3), pages 669-694, May.
    20. Ana Iolanda Vodă & Alina-Petronela Haller & Alexandru Anichiti & Gina Ionela Butnaru, 2020. "Testing Entrepreneurial Intention Determinants in Post-Transition Economies," Sustainability, MDPI, vol. 12(24), pages 1-26, December.

    More about this item

    Keywords

    entrepreneurial intention; personality traits; dark triad; South Korea; Vietnam;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

    Statistics

    Access and download statistics

    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:rfe:zbefri:v:40:y:2022:i:2:p:395-420. 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: Danijela Ujcic (email available below). General contact details of provider: https://edirc.repec.org/data/efrijhr.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.