IDEAS home Printed from https://ideas.repec.org/a/spr/joiaen/v12y2023i1d10.1186_s13731-023-00333-9.html
   My bibliography  Save this article

Factors influencing entrepreneurial intention to initiate new ventures: evidence from university students

Author

Listed:
  • José Moleiro Martins

    (Instituto Politécnico de Lisboa
    Instituto Universitário de Lisboa (ISCTE-IUL), Business Research Unit (BRU-IUL))

  • Muhammad Farrukh Shahzad

    (Beijing University of Technology)

  • Shuo Xu

    (Beijing University of Technology)

Abstract

As worldwide unemployment is an extensive problem with the increasing population every day, job opportunities did not increase with a similar ratio. Unemployment is increasing, affecting developing countries’ economies like Pakistan. This attempt to solve this problem is commonly acknowledged by creating new opportunities and starting new business ventures. Considering this aspect, this study inspects the aspects that create and affect entrepreneurial intention in young entrepreneurs to start entrepreneurial projects. This study explores the effect of self-efficacy, family, institutional, and peer support on entrepreneurial intention. These factors are expected to create entrepreneurial intention in young graduates to start their business ventures. All these factors and the mediating role of knowledge of entrepreneurial skills, ability to take risks, and entrepreneurial innovativeness motivate young entrepreneurs to take startups. For results, a survey method with a questionnaire has been utilized to gather data. The collected data were evaluated through descriptive and inferential statistics. SPSS and SMART-PLS 3.3 were used for the analysis of results. 716 respondents participated in the data collection process. Data have been gathered from the master's students who registered in Pakistan's top business sector universities. The results of this study showed that self-efficacy, peers support, institutional support, and family support positively impact entrepreneurial intention. Additionally, knowledge of entrepreneurial skills, the ability to take risks, and entrepreneurial innovativeness also significantly affect entrepreneurial intention. In this study, all these results have been discussed. This study also discusses various theoretical and practical factors with substantial policy-making significance.

Suggested Citation

  • José Moleiro Martins & Muhammad Farrukh Shahzad & Shuo Xu, 2023. "Factors influencing entrepreneurial intention to initiate new ventures: evidence from university students," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-27, December.
    • Handle: RePEc:spr:joiaen:v:12:y:2023:i:1:d:10.1186_s13731-023-00333-9
    DOI: 10.1186/s13731-023-00333-9
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1186/s13731-023-00333-9
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1186/s13731-023-00333-9?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Lee, Sungjoo & Park, Gwangman & Yoon, Byungun & Park, Jinwoo, 2010. "Open innovation in SMEs--An intermediated network model," Research Policy, Elsevier, vol. 39(2), pages 290-300, March.
    2. Petra Moog & Arndt Werner & Stefan Houweling & Uschi Backes-Gellner, 2015. "The impact of skills, working time allocation and peer effects on the entrepreneurial intentions of scientists," The Journal of Technology Transfer, Springer, vol. 40(3), pages 493-511, June.
    3. Bird, Miriam & Wennberg, Karl, 2016. "Why family matters: The impact of family resources on immigrant entrepreneurs' exit from entrepreneurship," Journal of Business Venturing, Elsevier, vol. 31(6), pages 687-704.
    4. Maribel Guerrero & David Urbano, 2014. "Academics’ start-up intentions and knowledge filters: an individual perspective of the knowledge spillover theory of entrepreneurship," Small Business Economics, Springer, vol. 43(1), pages 57-74, June.
    5. Davide Hahn & Tommaso Minola & Giulio Bosio & Lucio Cassia, 2020. "The impact of entrepreneurship education on university students’ entrepreneurial skills: a family embeddedness perspective," Small Business Economics, Springer, vol. 55(1), pages 257-282, June.
    6. Jeffrey G. Covin & William J. Wales, 2012. "The Measurement of Entrepreneurial Orientation," Entrepreneurship Theory and Practice, , vol. 36(4), pages 677-702, July.
    7. Nicole E. Peterman & Jessica Kennedy, 2003. "Enterprise Education: Influencing Students’ Perceptions of Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 28(2), pages 129-144, March.
    8. Fayolle, Alain & Liñán, Francisco, 2014. "The future of research on entrepreneurial intentions," Journal of Business Research, Elsevier, vol. 67(5), pages 663-666.
    9. Mueller, Stephen L. & Thomas, Anisya S., 2001. "Culture and entrepreneurial potential: A nine country study of locus of control and innovativeness," Journal of Business Venturing, Elsevier, vol. 16(1), pages 51-75, January.
    10. Madanoglu, Melih & Altinay, Levent & Wang, Xuan (Lorna), 2016. "Disentangling the effect of family involvement on innovativeness and risk taking: The role of decentralization," Journal of Business Research, Elsevier, vol. 69(5), pages 1796-1800.
    11. Aleksandra J. Kacperczyk, 2013. "Social Influence and Entrepreneurship: The Effect of University Peers on Entrepreneurial Entry," Organization Science, INFORMS, vol. 24(3), pages 664-683, June.
    12. Carla S. Marques & Carlos P. Marques & João J. M. Ferreira & Fernando A. F. Ferreira, 2019. "Effects of traits, self-motivation and managerial skills on nursing intrapreneurship," International Entrepreneurship and Management Journal, Springer, vol. 15(3), pages 733-748, September.
    13. David Audretsch & Alex Coad & Agustí Segarra, 2014. "Firm growth and innovation," Small Business Economics, Springer, vol. 43(4), pages 743-749, December.
    14. Xu, Feng & Kellermanns, Franz W. & Jin, Linlin & Xi, Jing, 2020. "Family support as social exchange in entrepreneurship: Its moderating impact on entrepreneurial stressors-well-being relationships," Journal of Business Research, Elsevier, vol. 120(C), pages 59-73.
    15. Erica Field & Seema Jayachandran & Rohini Pande & Natalia Rigol, 2016. "Friendship at Work: Can Peer Effects Catalyze Female Entrepreneurship?," American Economic Journal: Economic Policy, American Economic Association, vol. 8(2), pages 125-153, May.
    16. Ferreira, João J.M. & Fernandes, Cristina I. & Mota Veiga, Pedro, 2023. "The role of entrepreneurial ecosystems in the SME internationalization," Journal of Business Research, Elsevier, vol. 157(C).
    17. Ahmad Rachmawan & Ayu Aprilianti Lizar & Wustari L.H Mangundjaya, 2015. "The role of parent’s influence and self-efficacy on entrepreneurial intention," Journal of Developing Areas, Tennessee State University, College of Business, vol. 49(3), pages 417-430, July-Sepe.
    18. Jane W. Lu & Paul W. Beamish, 2001. "The internationalization and performance of SMEs," Strategic Management Journal, Wiley Blackwell, vol. 22(6‐7), pages 565-586, June.
    19. Bullough, Amanda & Renko, Maija, 2013. "Entrepreneurial resilience during challenging times," Business Horizons, Elsevier, vol. 56(3), pages 343-350.
    20. Anasuya K. Lingappa & Amit Shah & Asish Oommen Mathew, 2020. "Academic, Family, and Peer Influence on Entrepreneurial Intention of Engineering Students," SAGE Open, , vol. 10(3), pages 21582440209, July.
    21. Farrukh Shahzad & Muhammad Farrukh Shahzad & Azer Dilanchiev & Muhammad Irfan, 2022. "Modeling the Influence of Paternalistic Leadership and Personality Characteristics on Alienation and Organizational Culture in the Aviation Industry of Pakistan: The Mediating Role of Cohesiveness," Sustainability, MDPI, vol. 14(22), pages 1-19, November.
    22. Wassim Aloulou & Alain Fayolle, 2005. "A Conceptual Approach Of Entrepreneurial Orientation Within Small Business Context," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 13(01), pages 21-45.
    23. Jing Wang & Yuchen Zhang & Mark Goh, 2018. "Moderating the Role of Firm Size in Sustainable Performance Improvement through Sustainable Supply Chain Management," Sustainability, MDPI, vol. 10(5), pages 1-14, May.
    24. Oliver Falck & Stephan Heblich & Elke Luedemann, 2012. "Identity and entrepreneurship: do school peers shape entrepreneurial intentions?," Small Business Economics, Springer, vol. 39(1), pages 39-59, July.
    25. Teemu Kautonen & Marco van Gelderen & Matthias Fink, 2015. "Robustness of the Theory of Planned Behavior in Predicting Entrepreneurial Intentions and Actions," Entrepreneurship Theory and Practice, , vol. 39(3), pages 655-674, May.
    26. Lijun Chen & Apetogbo Komlan Aklikokou, 2020. "Determinants of E-government Adoption: Testing the Mediating Effects of Perceived Usefulness and Perceived Ease of Use," International Journal of Public Administration, Taylor & Francis Journals, vol. 43(10), pages 850-865, July.
    27. Ibrahim Al-Jubari, 2019. "College Students’ Entrepreneurial Intention: Testing an Integrated Model of SDT and TPB," SAGE Open, , vol. 9(2), pages 21582440198, May.
    28. Kuen-Hung Tsai & Hui-Chen Chang & Chen-Yi Peng, 2016. "Extending the link between entrepreneurial self-efficacy and intention: a moderated mediation model," International Entrepreneurship and Management Journal, Springer, vol. 12(2), pages 445-463, June.
    29. Ramana Nanda & Jesper B. Sørensen, 2010. "Workplace Peers and Entrepreneurship," Management Science, INFORMS, vol. 56(7), pages 1116-1126, July.
    30. Lars Kolvereid, 1996. "Prediction of Employment Status Choice Intentions," Entrepreneurship Theory and Practice, , vol. 21(1), pages 47-58, October.
    31. Olson, Patricia D. & Zuiker, Virginia S. & Danes, Sharon M. & Stafford, Kathryn & Heck, Ramona K. Z. & Duncan, Karen A., 2003. "The impact of the family and the business on family business sustainability," Journal of Business Venturing, Elsevier, vol. 18(5), pages 639-666, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Muhammad Farrukh Shahzad & Shuo Xu & Weng Marc Lim & Muhammad Faisal Hasnain & Shahneela Nusrat, 2024. "Cryptocurrency awareness, acceptance, and adoption: the role of trust as a cornerstone," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-14, December.

    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. Anasuya K. Lingappa & Amit Shah & Asish Oommen Mathew, 2020. "Academic, Family, and Peer Influence on Entrepreneurial Intention of Engineering Students," SAGE Open, , vol. 10(3), pages 21582440209, July.
    2. B. Urban & J. Chantson, 2019. "Academic entrepreneurship in South Africa: testing for entrepreneurial intentions," The Journal of Technology Transfer, Springer, vol. 44(3), pages 948-980, June.
    3. Laura von Arnim & Matthias Mrozewski, 2020. "Entrepreneurship in an Increasingly Digital and Global World. Evaluating the Role of Digital Capabilities on International Entrepreneurial Intention," Sustainability, MDPI, vol. 12(19), pages 1-18, September.
    4. Vera Rocha & Mirjam van Praag, 2016. "How do Entrepreneurial Bosses influence their Employees' Future Entrepreneurship Choices?," Tinbergen Institute Discussion Papers 16-110/VII, Tinbergen Institute.
    5. António Porfírio, José & Augusto Felício, José & Carrilho, Tiago & Jardim, Jacinto, 2023. "Promoting entrepreneurial intentions from adolescence: The influence of entrepreneurial culture and education," Journal of Business Research, Elsevier, vol. 156(C).
    6. Meoli, Azzurra & Fini, Riccardo & Sobrero, Maurizio & Wiklund, Johan, 2020. "How entrepreneurial intentions influence entrepreneurial career choices: The moderating influence of social context," Journal of Business Venturing, Elsevier, vol. 35(3).
    7. Arezou Abbasianchavari & Alexandra Moritz, 2021. "The impact of role models on entrepreneurial intentions and behavior: a review of the literature," Management Review Quarterly, Springer, vol. 71(1), pages 1-40, February.
    8. Bogatyreva, Karina & Edelman, Linda F. & Manolova, Tatiana S. & Osiyevskyy, Oleksiy & Shirokova, Galina, 2019. "When do entrepreneurial intentions lead to actions? The role of national culture," Journal of Business Research, Elsevier, vol. 96(C), pages 309-321.
    9. Anca-Otilia Dodescu & Elena-Aurelia Botezat & Alexandru Constăngioară & Ioana-Crina Pop-Cohuţ, 2021. "A Partial Least-Square Mediation Analysis of the Contribution of Cross-Campus Entrepreneurship Education to Students’ Entrepreneurial Intentions," Sustainability, MDPI, vol. 13(16), pages 1-26, August.
    10. Brownell, Katrina M. & McMullen, Jeffery S. & O'Boyle, Ernest H., 2021. "Fatal attraction: A systematic review and research agenda of the dark triad in entrepreneurship," Journal of Business Venturing, Elsevier, vol. 36(3).
    11. Natalie Brüne & Eva Lutz, 2020. "The effect of entrepreneurship education in schools on entrepreneurial outcomes: a systematic review," Management Review Quarterly, Springer, vol. 70(2), pages 275-305, May.
    12. Pittino, Daniel & Chirico, Francesco & Baù, Massimo & Villasana, Marcia & Naranjo-Priego, Elvira E. & Barron, Elda, 2020. "Starting a family business as a career option: The role of the family household in Mexico," Journal of Family Business Strategy, Elsevier, vol. 11(2).
    13. Desislava Yordanova & José António Filipe & Manuel Pacheco Coelho, 2020. "Technopreneurial Intentions among Bulgarian STEM Students: The Role of University," Sustainability, MDPI, vol. 12(16), pages 1-19, August.
    14. Aurora A. C. Teixeira & Rosa Portela Forte, 2017. "Prior education and entrepreneurial intentions: the differential impact of a wide range of fields of study," Review of Managerial Science, Springer, vol. 11(2), pages 353-394, March.
    15. Nematollah Shiri & Rachel S. Shinnar & Ali Asghar Mirakzadeh & Kiumars Zarafshani, 2017. "Cultural values and entrepreneurial intentions among agriculture students in Iran," International Entrepreneurship and Management Journal, Springer, vol. 13(4), pages 1157-1179, December.
    16. Laura Padilla-Angulo & René Díaz-Pichardo & Antonio Luis Leal-Rodríguez, 2023. "Are different entrepreneurship-promotion activities equally effective? an analysis by academic year and gender," International Entrepreneurship and Management Journal, Springer, vol. 19(1), pages 1-25, March.
    17. Leif Brändle & Andreas Kuckertz, 2022. "Staged entrepreneurship: the formation of hybrid and spawning entrepreneurial intentions," Journal of Business Economics, Springer, vol. 92(6), pages 955-996, August.
    18. Chiho Ok & He Soung Ahn, 2019. "How Does Entrepreneurial Orientation Influence the Sustainable Growth of SMEs? The Role of Relative Performance," Sustainability, MDPI, vol. 11(19), pages 1-16, September.
    19. Saras D. Sarasvathy, 2021. "The Middle Class of Business: Endurance as a Dependent Variable in Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 45(5), pages 1054-1082, September.
    20. Shirokova, Galina & Osiyevskyy, Oleksiy & Bogatyreva, Karina, 2016. "Exploring the intention–behavior link in student entrepreneurship: Moderating effects of individual and environmental characteristics," European Management Journal, Elsevier, vol. 34(4), pages 386-399.

    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:spr:joiaen:v:12:y:2023:i:1:d:10.1186_s13731-023-00333-9. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.