Entrepreneurial Intention of University Students in selected Southeast Asian Countries

Main Article Content

Nirundon Tapachai

Abstract

Universities in Southeast Asia play an important role in developing an entrepreneurial mindset as well as providing students with basic business knowledge and skills for starting a business. Developing entrepreneurship for students requires understanding a student's motivation or intention to become an entreprenuer and the factors that influence that intention. The objectives of this study were 1) to study entrepreneurial intentions of final year undergraduate students in business and economics in Thailand, Laos and Myanmar; 2) to explore determinants of entrepreneurial intentions in the light of Theory of Planned Behavior (TPB) including attitude of being entrepreneurship, subjective norm, perceived behaviour control and other factors namely personal business environment, past entrepreneurial experience and personal values. The sample consisted of 854 students from the Faculty of Business Administration or the Faculty of Economics from 3 countries in Southeast Asia, namely Thailand, Myanmar and Lao PDR. Research instrument was a self-administered questionnaire distributed via both online and sending to student email. The data were analyzed using descriptive statistics such as frequency, percentage, mean and Standard Deviation The hypothesis testing was performed using multiple regression analysis at the significance level of 0.05.  The results showed that the students had a high level of entrepreneurial intention, positive attitude of being entrepreneurship, high level of subjective norm, and moderate level of perceived behaviour control. Hypothesis testing found that in overall,  attitude of being entrepreneurship, subjective norm, perceived behaviour control, personal business environment, and past entrepreneurial experience had a significant positive influence on entrepreneurial intentions but not the personal personal value.  The results of this study provide universities in the region with implications that can be used to develop appropriate entrepreneurial program for their students.

Article Details

Section
Research Articles

References

Ajzen, I. (1987). Attitudes, traits and actions: Dispositional prediction of behavior in social psychology. Advances in Experimental Social Psychology, 20, 1-63.
Ajzen, I. (1991). The Theory of Planned Behavior. Organizational Behavior and Human Decision Processes, 50, 179-211.
Ajzen, I. (2002). Perceived behavioral control, self-efficacy, locus of control, and the theory of planned behavior. Journal of Applied Social Psychology, 32(4), 665–683.
Basu, A. and Virick, M. (2008). Assessing Entrepreneurial Intentions Amongst Students: A Comparative Study. National Collegiate Inventors & Innovators Alliance, http://works.bepress.com/anuradha_basu/12/
Berglund, K., Holmgren, C. (2013). Entrepreneurship education in policy and practice. Int. J. of Entrepreneurial Venturing, 9-27.
Bird, B. (1998). Implementing Entrepreneurial Ideas: The Case for Intention. The Academy of Management Review [online]. 13(3) [cit. 2020-06-08].
Boyd, N. G., Vozikis, G. S. (1994). The Influence of Self-Efficacy on the Development of Entrepreneurial Intentions and Actions. Entrepreneurship Theory and Practice, 18(4), 63–77.
Cai, Y., Shannon, R. (2012). Personal values and mall shopping behavior: The mediating role of attitude and intention among Chinese and Thai consumers. Australasian marketing journal, Elsevier, 20(1), 37-47.
Choo, S., Wong, M. (2006). Entrepreneurial Intention: Triggers and Barriers to New Venture Creations in Singapore. Singapore Management Review. 28 (2), 47-64.
Davey, T, Plewa, C., Struwig, M. (2011). Entrepreneurship perceptions and career intentions of international student. Journal of education and training, 53, 335–352.
Davidsson, P. (1995). Determinants of Entrepreneurial Intentions. Jonskoping International Business School.
Delmar, F., Davidsson,P. (2000). Where do they come from? Prevalence and characteristics of nascent entrepreneurs. Entrepreneurship & Regional Development. Routledge, 12(1), 1-23.
Douglas, E., Shepherd, D.(2000). Entrepreneurship as a utility-maximizing response, Journal of Business Venturing, 15 (3), 231-251.
Drucker, P. (2014). Innovation and Entrepreneurship: Routledge Classics. Taylor & Francis.
Dyer, W.G., Handler, W. (1994). Entrepreneurship and family business: exploring the connections’, Entrepreneurship: Theory and Practice, 19 (1), 71–83.
Dunn, T., Holtz-Eakin, D. (2000). Financial capital, human capital, and the transition to self-employment: Evidence from intergenerational links. Journal of Labor Eco-nomics, 18 (2), 282–305.
Fishbein, M., Ajzen, I. (1975). Belief, attitude, intention and behaviour: An introduction to theory and research: An introduction to theory and research. Reading, MA:Addison-Wesley,
Gautam, M. (2015). Entrepreneurship Education: Concept, Characteristics and Implications for Teacher Education. Shaikshik Parisamvad, 5, 21–35.
Gelderen, M. V., Thurik, R., Bosma, N. (2005). Success and risk factors in the pre-startup phase. Small Business Economics, 24(4), 365–380.
Hisrich, D.R., Ramadani, V. (2016). Effective Entrepreneurial Management: Strategy, Planning, Risk Management, and Organization: Springer Texts in Business and Economics. Springer International Publishing.
Hisrich, D.R., Peters, P.M. (2002), Entrepreneurship, McGraw‐Hill/Irwin, London
Hoppe, M. (2016). The entrepreneurship concept – a short introduction. Högre utbildning., 6, 95-108.
Ilouga, N., S., Nyock, A. C. M., Sahut, J.M. (2014). Entrepreneurial intention and career choices: the role of volition: the role of volition. Small Business Economics. 42(4), 717-728.
Israr, M., Saleem, M. (2018). Entrepreneurial intentions among university students in Italy. Journal of Global Entrepreneurship Research, 8(1), 20.
Izquierdo, E., Buelens, M. (2011). Competing models of entrepreneurial intentions: The influence of entrepreneurial self-efficacy and attitudes: The influence of entrepreneurial self-efficacy and attitudes. Int. J. of Entrepreneurship and Small Business, 13(1), 75-91.
Jaén, I., Moriano, JA, Liñán, F. (2013). Personal values and entrepreneurial intentions: An empirical study. In: Fayolle, A, Kyrö, P, Mets, T. (eds) Conceptual Richness and Methodological Diversity in Entrepreneurship Research. Cheltenham: Edward Elgar, 15–31.
Joshi, D. U., Caroline, B. (Ed). (2020). Urban Spaces and Gender in Asia: Sustainable Development Goals Series. Springer Nature.
Karimi, S., Makreet, A.S. (2020). The Role of Personal Values in Forming Students’ Entrepreneurial Intentions in Developing Countries. Frontier in Psychology, doi: 10.3389/fpsyg.2020.525844
Kautonem, T., Gelderen, M., Fink, M. (2015). Robustness of the Theory of Planned Behavior in Predicting Entrepreneurial Intentions and Actions. Entrepreneurship Theory and Practice,39, 655-674.
Kilenthong, T., Rueanthip, K.(2018). Entrepreneurship and family businesses in Thailand. Asian-Pacific Economic Literature. DOI: 10.1111/apel.12215.
Krueger, N., Carsrud, A. (1993)(. Entrepreneurial intentions: Applying the theory of planned behaviour: Applying the theory of planned behaviour. Entrepreneurship & Regional Development, 5, 315-330.
Krueger, N., Brazeal, D.V. (1994). Entrepreneurial Potential and Potential Entrepreneurs. Entrepreneurship Theory and Practice. SAGE Publications, 18(3), 91-104.
Krueger, N., Reilly, M., Carsrud, A. (2000). Competing Models of Entrepreneurial Intention. Journal of Business Venturing. 15, 411-432.
Lee, S., Wong, P.K. (2004). An exploratory study of technopreneurial intentions: a career anchor perspective. Journal of Business Venturing. 19(1), 7-28.
Liñán, F. (2005): Development and validation of an Entrepreneurial Intention Questionnaire (EIQ), IntEnt05 Conference, Guildford (United Kingdom), 10-13 July.
Livesay, H.C. (2016). American Made: Shaping the American Economy: Shaping the American Economy. Taylor & Francis.
Murphy, A. E. (1986). Richard Cantillon, entrepreneur and economist. Oxford [Oxfordshire]: Clarendon
Press.
Myanmar Times (2019). Myanmar: A burgeoning entrepreneurial ecosystem, www.mmtimes.com/news/myanmar-burgeoning-entrepreneurial-ecosystem
Nielsen, R. P., Peters, M. P., & Hisrich, R. D. (1985). Intrapreneurship Strategy for Internal Markets-Corporate, Non-Profit and Government Institution Cases. Strategic Management Journal, 6(2), 181-189.
OECD (2011), Thailand: Key Issues and Policies, OECD Studies on SMEs and Entrepreneurship, OECD Publishing, Paris
Prodan, I., Drnovsek, M. (2010). Conceptualizing academic-entrepreneurial intentions: An empirical test. Technovation, 30(5), 332-347.
Remeikiene, R., Dumciuviene, D., Startiene,G. (2013). Explaining Entrepreneurial Intention of University Students: The Role of Entrepreneurial Education, Active Citizenship by Knowledge Management & Innovation: Proceedings of the Management, Knowledge and Learning International Conference 2013,, ToKnowPress.
Sánchez, A.C. (2014). The Role of Personal Values in the Entrepreneurial Process. Ph.D.Thesis, Barcelona University.
Sagiv, L., Roccas, S., Cieciuch, J., Schwartz, S. H. (2017). Personal values in human life. Nature Human Behaviour, 1(9), 630–639.
Schumpeter, J.A. (1934). The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest and the Business Cycle, translated from the German by Redvers Opie, New Brunswick (U.S.A) and London (U.K.): Transaction Publishers.
Schwartz, S. H. (1992). Universals in the content and structure of values: Theoretical advances and empirical tests in 20 countries. Advances in experimental social psychology. 25 (1), 1–65.
Shane, S., Venkataraman,S. (2000). The Promise of Enterpreneurship as a Field of Research. The Academy of Management Review, 25(1).
Shapero, A. (1975). Entrepreneurship and Economic Development. Project ISEED.
Shapero, A., Sokol, L. (1982). The Social Dimensions of Entrepreneurship. Encyclopedia of Entrepreneurship, 72-90
Shapero, A. (1984). “The Entrepreneurial Event,” In: C. A. Kent Ed., The environment for entrepreneurship, M.A.: Lexington Books, Toronto, 21-40.
Taylor, M. (2001). Self-Employment and Windfall Gains in Britain: Evidence from Panel Data. Economica, 68(272), 539-565.
UNDP report. (2019). Youth Entrepreneurship in Asia and the Pacific 2019.
Weber, J. (2017). Discovering the Millennials’ Personal Values Orientation: A Comparison to Two
Managerial Populations. Journal of Business Ethics, 143(3), 517-29.
Zain, M., Zahariah, A. A., Ghani, E.K. (2010). Entrepreneurship Intention Among Malaysian Business Students. Canadian Social Science., 6(3), 35-45.