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Munificent Environment Factors Influencing Entrepreneurial Intention and Behaviour: The Moderating Role of Risk-Taking Propensity

Author

Listed:
  • Nkosinathi Henry Mothibi

    (Department of Management and Entrepreneurship, Faculty of Management Sciences, Tshwane University of Technology, Pretoria 0003, South Africa)

  • Mmakgabo Justice Malebana

    (Department of Management and Entrepreneurship, Faculty of Management Sciences, Tshwane University of Technology, Pretoria 0003, South Africa)

  • Edward Malatse Rankhumise

    (Department of Management and Entrepreneurship, Faculty of Management Sciences, Tshwane University of Technology, Pretoria 0003, South Africa)

Abstract

This study examined the effect of munificent environment factors on the antecedents of entrepreneurial intention and risk-taking propensity by means of the theory of planned behaviour. The study also assessed the effect of perceived behavioural control and entrepreneurial intention on entrepreneurial behaviour, as well as the moderating role of risk-taking propensity on the association between the antecedents of entrepreneurial intention, entrepreneurial intention, and entrepreneurial behaviour. Data were gathered from 127 SME owners in the Gauteng metropolitan cities of Ekurhuleni, Johannesburg, and Tshwane using a structured self-administered questionnaire. Partial least squares structural equation modelling (PLS-SEM) was employed to test the relationships. Findings revealed the varying effects of the munificent environment factors on the antecedents of entrepreneurial intention and risk-taking propensity. Perceived behavioural control had a significant effect on entrepreneurial intention, while attitude towards behaviour and subjective norms were non-significant. Risk-taking propensity weakened the link between entrepreneurial behaviour and entrepreneurial intention and did not exhibit a significant moderating effect on the association between attitude towards the behaviour and entrepreneurial intention or between subjective norms and entrepreneurial intention. Risk-taking propensity had a significant effect on both entrepreneurial intention and entrepreneurial behaviour. Perceived behavioural control had a direct positive significant effect on entrepreneurial behaviour, whereas entrepreneurial intention did not. Efforts to promote access to entrepreneurial role models and social capital are vital in regard to stimulating risk-taking propensity and entrepreneurial behaviour. Thus, interventions that are directed at the enhancement of perceived behavioural control could help shape the formation of entrepreneurial intentions and stimulate entrepreneurial activity.

Suggested Citation

  • Nkosinathi Henry Mothibi & Mmakgabo Justice Malebana & Edward Malatse Rankhumise, 2024. "Munificent Environment Factors Influencing Entrepreneurial Intention and Behaviour: The Moderating Role of Risk-Taking Propensity," Administrative Sciences, MDPI, vol. 14(9), pages 1-22, September.
    • Handle: RePEc:gam:jadmsc:v:14:y:2024:i:9:p:230-:d:1481527
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    References listed on IDEAS

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    1. Teemu Kautonen & Marco van Gelderen & Erno T. Tornikoski, 2013. "Predicting entrepreneurial behaviour: a test of the theory of planned behaviour," Applied Economics, Taylor & Francis Journals, vol. 45(6), pages 697-707, February.
    2. Amjad Ali & Sania Yousuf, 2019. "Social capital and entrepreneurial intention: empirical evidence from rural community of Pakistan," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-13, December.
    3. Shiri, Nematollah & Mirakzadeh, Ali Asghar & Zarafshani, Kiumars, . "Promoting Entrepreneurial Behavior among Agricultural Students: A Two-Step Approach to Structural Equation Modeling," International Journal of Agricultural Management and Development (IJAMAD), Iranian Association of Agricultural Economics, vol. 7(2).
    4. Edward McKeever & Alistair Anderson & Sarah Jack, 2014. "Entrepreneurship and mutuality: social capital in processes and practices," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 26(5-6), pages 453-477, August.
    5. Dirk Dohse & Sascha Walter, 2012. "Knowledge context and entrepreneurial intentions among students," Small Business Economics, Springer, vol. 39(4), pages 877-895, November.
    6. Boris Urban & Zethu Dlamini, 2020. "Intersections between policy and institutions: a focus on enterprise growth in Swaziland," Journal of Entrepreneurship and Public Policy, Emerald Group Publishing Limited, vol. 9(3), pages 253-275, April.
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    Cited by:

    1. Younis, Heba & Karmowska, Joanna, 2025. "‘We need to play safe’: SME internationalization in a munificent environment," Journal of Business Research, Elsevier, vol. 199(C).
    2. Nkosinathi Henry Mothibi & Mmakgabo Justice Malebana, 2025. "Entrepreneurship Education, Role Models, and Risk-Taking Propensity as Predictors of Entrepreneurial Intention and Behaviour: Evidence from TVET and University Students in Gauteng, South Africa," Administrative Sciences, MDPI, vol. 15(10), pages 1-21, September.
    3. Nkosinathi Henry Mothibi & Mmakgabo Justice Malebana & Edward Malatse Rankhumise, 2025. "Determinants of Entrepreneurial Behaviour Among Vocational College and University Students in Gauteng, South Africa: A Theory of Planned Behaviour Perspective," Sustainability, MDPI, vol. 17(9), pages 1-21, May.

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