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Predictors of Entrepreneurial Intentions of Undergraduate Students in Vietnam: An Empirical Study

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  • Tran Huy Phuong
  • Thanh Trung Hieu

Abstract

The present research aims at identifying the factors that influence the entrepreneurial intentions among undergraduate students in Vietnam. The data were collected from 180 students at several Universities in Hanoi, Vietnam. Multiple regression method was used to test the impacts of personal factors and contextual factors on the students’ entrepreneurial intentions. The results confirmed that individual difference variables such as risk-taking propensity and creativity and personality traits, such as locus of control and need for achievement had strong impacts on the intention to start a new venture. Furthermore, contextual factor such as perceived support in the entrepreneurship-related context directly influenced the entrepreneurial intentions. Discussion of the findings, recommendations and implications for policy makers both inside and outside universities were also detailed.

Suggested Citation

  • Tran Huy Phuong & Thanh Trung Hieu, 2015. "Predictors of Entrepreneurial Intentions of Undergraduate Students in Vietnam: An Empirical Study," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 5(8), pages 46-55, August.
  • Handle: RePEc:hur:ijarbs:v:5:y:2015:i:8:p:46-55
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    References listed on IDEAS

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    1. Yar, Daniel & Wennberg, Karl & Berglund, Henrik, 2008. "Creativity In Entrepreneurship Education," SSE/EFI Working Paper Series in Business Administration 2008:4, Stockholm School of Economics, revised 03 Apr 2008.
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    3. Ajzen, Icek, 1991. "The theory of planned behavior," Organizational Behavior and Human Decision Processes, Elsevier, vol. 50(2), pages 179-211, December.
    4. Davidsson, Per & Honig, Benson, 2003. "The role of social and human capital among nascent entrepreneurs," Journal of Business Venturing, Elsevier, vol. 18(3), pages 301-331, May.
    5. Cooper, Arnold C. & Woo, Carolyn Y. & Dunkelberg, William C., 1988. "Entrepreneurs' perceived chances for success," Journal of Business Venturing, Elsevier, vol. 3(2), pages 97-108.
    6. Werner Boente & Monika Jarosch, 2011. "Gender Differences in Competitiveness, Risk Tolerance, and other Personality Traits: Do they contribute to the Gender Gap in Entrepreneurship?," Schumpeter Discussion Papers sdp11012, Universitätsbibliothek Wuppertal, University Library.
    7. Begley, Thomas M. & Boyd, David P., 1987. "Psychological characteristics associated with performence in entrepreneurial firms and smaller businesses," Journal of Business Venturing, Elsevier, vol. 2(1), pages 79-93.
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    Cited by:

    1. Ida Ketut Kusumawijaya, 2019. "The Prediction of Need for Achievement to Generate Entrepreneurial Intention: A Locus of Control Mediation," International Review of Management and Marketing, Econjournals, vol. 9(4), pages 54-62.

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