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Attitudes of Higher Education students to new venture creation: a preliminary approach to the Portuguese case

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Author Info

  • Aurora A.C. Teixeira

    ()
    (INESC Porto, CEMPRE, Faculdade de Economia, Universidade do Porto)

  • Todd Davey

    ()
    (Muenster University of Applied Sciences)

Abstract

Institutions of higher education have an important role in the generation of high tech ‘entrepreneurial capacity’. Being entrepreneurship in Portugal an emergent phenomenon there is an urgent need to better understand and develop this area not only by analysing the ‘supply side’ (i.e., the courses taught in this field) but also the ‘demand side’, that is, the attitudes of students, future potential entrepreneurs, to new venture creation. Based on 4413 responses of students enrolled in Portuguese higher education institutions, gathered in June-July 2008, we found, using a multivariate model, that students who had already created a firm although, on average, possess larger entrepreneurial experience and knowledge, they do not reveal high risk propensity or creativity. Those students that have taken some steps to create new businesses and, to a larger extent, those foreseeing their future career as owning their business have higher risk and creative profiles. Students who live in an environment which ‘breads’ entrepreneurship have stronger desire to become entrepreneurs. This supports the contention that entrepreneurship is a learned process and that school, teachers, and other institutions and individuals may encourage entrepreneurial behaviours. ‘Role models’ seem indeed to constitute a key factor fostering entrepreneurship among Portuguese higher education students – in the Portuguese case, the entrepreneur and entrepreneurial company references are, respectively, Belmiro de Azevedo and Sonae. Although in a descriptive analysis students enrolled in non-university (e.g., polytechnics) and private higher education institutions reveal higher effective and potential entrepreneurial propensities, when we (simultaneously) control for a vast number of factors which are likely to affect entrepreneurship propensity, such differences cease to be statistically relevant. Students’ personality (risk, creativity) and demographic traits (gender and age), competencies and familiarity with entrepreneurship (entrepreneurial experience, knowledge, awareness, interest), and contextual factors (professional experience, role models) are important determinants of entrepreneurial propensity, whereas the type of higher education institutions (public vs private, non-university vs university), and, to some extent, the degree (postgraduate vs undergraduate), and the scientific area, fail to emerge as key determinants.

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Bibliographic Info

Paper provided by Universidade do Porto, Faculdade de Economia do Porto in its series FEP Working Papers with number 298.

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Length: 49 pages
Date of creation: Oct 2008
Date of revision:
Handle: RePEc:por:fepwps:298

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Keywords: students; entrepreneurship; attitudes;

This paper has been announced in the following NEP Reports:

References

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  1. 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.
  2. Paula Stephan & Asmaa El-Ganainy, 2007. "The entrepreneurial puzzle: explaining the gender gap," The Journal of Technology Transfer, Springer, vol. 32(5), pages 475-487, October.
  3. Aurora A.C. Teixeira, 2007. "Entrepreneurial potential in Business and Engineering courses … why worry now?," FEP Working Papers 256, Universidade do Porto, Faculdade de Economia do Porto.
  4. Klapper, Rita & Léger-Jarniou, Catherine, 2006. "Enterpreneurship Intention Among French Grande Ecole and University Students: An Application of Shapero's Model," Economics Papers from University Paris Dauphine 123456789/2218, Paris Dauphine University.
  5. Mcmullan, W. Ed & Long, Wayne A., 1987. "Entrepreneurship education in the nineties," Journal of Business Venturing, Elsevier, vol. 2(3), pages 261-275.
  6. Rui Baptista & Roy Thurik, 2004. "The Relationship between Entrepreneurship and Unemployment: is Portugal an Outlier?," Papers on Entrepreneurship, Growth and Public Policy 2004-40, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
  7. Carroll, Glenn R. & Mosakowski, Elaine M., 1987. "The Career Dynamics of Self-Employment," Institute for Research on Labor and Employment, Working Paper Series qt13p1n10b, Institute of Industrial Relations, UC Berkeley.
  8. Brandstatter, Hermann, 1997. "Becoming an entrepreneur -- A question of personality structure?," Journal of Economic Psychology, Elsevier, vol. 18(2-3), pages 157-177, April.
  9. Kourilsky, Marilyn L. & Walstad, William B., 1998. "Entrepreneurship and female youth: knowledge, attitudes, gender differences, and educational practices," Journal of Business Venturing, Elsevier, vol. 13(1), pages 77-88, January.
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Cited by:
  1. Yeboah Asuamah Samuel & Kumi Ernest & Jacob Baffour Awuah, 2013. "An Assessment of Entrepreneurship Intention Among Sunyani Polytechnic Marketing Students," International Review of Management and Marketing, Econjournals, vol. 3(1), pages 37-49.

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