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From University Student to Entrepreneur - Factors Influencing the Entrepreneurial Intentions of Business Development MSc Students

Author

Listed:
  • Krisztofer Szabo

    (Corvinus University of Budapest)

  • Marta Aranyossy

    (Corvinus University of Budapest)

  • Dora Barczy

    (Corvinus University of Budapest)

Abstract

This study examines the entrepreneurial inclinations of young Hungarians, focusing on university students whose education and ambitions point towards entrepreneurial life. The research questions aimed to explore the career aspirations of students, their motivations for starting a business, the factors that hinder them, and how the university creates an encouraging environment. To answer these questions, a questionnaire-based survey ensuring comparability was conducted among MSc students of business development, and the data were evaluated with descriptive statistical tools and statistical tests as well as cluster analysis. It was found that the young people whose entrepreneurial inclination is higher than the Hungarian and international average mainly differ from their peers in their drive for autonomy, courage and risk perception, along with the fact that, in relation to the scarcity of capital, which was found to be a major obstacle, they would also welcome assistance from universities in financing.

Suggested Citation

  • Krisztofer Szabo & Marta Aranyossy & Dora Barczy, 2022. "From University Student to Entrepreneur - Factors Influencing the Entrepreneurial Intentions of Business Development MSc Students," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 21(2), pages 125-151.
    • Handle: RePEc:mnb:finrev:v:21:y:2022:i:2:p:125-151
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    References listed on IDEAS

    as
    1. Zoltán J. Ács & László Szerb & Esteban Lafuente & Ainsley Lloyd, 2018. "The Global Entrepreneurship and Development Index," SpringerBriefs in Economics, in: Global Entrepreneurship and Development Index 2018, chapter 0, pages 21-37, Springer.
    2. Erik Stam, 2015. "Entrepreneurial Ecosystems and Regional Policy: A Sympathetic Critique," European Planning Studies, Taylor & Francis Journals, vol. 23(9), pages 1759-1769, September.
    3. Péter Bauer & Marianna Endrész, 2018. "Firm Dynamics and Aggregate Growth: The Case of Hungary," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 17(2), pages 68-98.
    4. Zoltán J. Ács & László Szerb & Esteban Lafuente & Ainsley Lloyd, 2018. "Global Entrepreneurship and Development Index 2018," SpringerBriefs in Economics, Springer, number 978-3-030-03279-1, September.
    5. Martin Mabunda Baluku & Edward Bantu & Kathleen Otto, 2018. "Effect of Locus of Control on Entrepreneurial Attitudes and Self-Employment Intentions: The Moderating Role of Individualism," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 26(03), pages 251-283, September.
    6. Balázs FazekasBalázs Fazekas, 2016. "Value-Creating Uncertainty – A Real Options Approach in Venture Capital," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 15(4), pages 151-166.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    starting a business; entrepreneurial intention; encouraging entrepreneurship at universities;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

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