Effect of Psychological and Institutional Factors on Student’s Entrepreneurial Intention: An Application of TPB, CSE and TT

abdul rashid abdullah, Bukar Ali Bularafa

Abstract


Unemployment and poverty are seriously issue of concern globally, especially in developing countries like Nigeria. Unemployment and poverty among university graduates in Nigeria, the trends on rising every year, major corporations are cutting down jobs and graduates who were interested to work can’t seem to find a job. However, entrepreneurship and business formation have been recognised around the World as a remedy for unemployment and pivotal for economies to grow. Therefore, promotion of entrepreneurial activity becomes the most top priority on the government agenda. Despite the unique role played by entrepreneurship to the economy as a whole and to the person that established business, in Nigeria, the rate of university graduates in entrepreneurship is far below expected. This led to many research efforts on factors that are having an effect on student’s entrepreneurial intentions. This review paper proposed the intention to be an entrepreneur can be explained by Ajzen, (1991) theory of planned behaviour, institutional, and core self-evaluation theories. Psychological (self-efficacy, risk-taking propensity, locus of control, innovativeness, need for achievement) and institutional (university environment, government support programmes) factors will have an effect on attitudes, subjective norms, perceived behavioural control. Consequently, the study predicted the entrepreneurial intentions of the Nigerian university students.

Keywords


CSE, entrepreneurial intention, institutional, IT, psychological, students, TPB, TT.

Full Text:

PDF

References


Ajzen, I. (1991). The theory of planned behaviour. Organisational Behaviour and Human Decision Processes, 50(2), 179-211.

Alam, J., & Hossan, M. A. (2003). Linking Between Franchising Networks for Entrepreneurship and Economical Development-Looking For a New Model. Paper presented at the EMNet-Conference on" Economics and Management of Franchising Networks" Vienna, Austria.

Auzoult, L., Lheureux, F., & Abdellaoui, S. (2016). Are Entrepreneurial Intentions Self-Regulated? Self-Consciousness, Core Self-Evaluations and Entrepreneurial Intentions of Higher Education Students. The Spanish Journal of Psychology, 19(38), 1-12.

Bandura, A. (1977). Self-efficacy: Toward a unifying theory of behavioural change. Psychological Review, 84(2), 191-215.

Bernardino, S., Santos, J. F., & Ribeiro, J. C. (2016). Social Entrepreneurship: Does Institutional Environment Make a Difference? Handbook of Research on Entrepreneurial Success and its Impact on Regional Development (pp. 513-538): IGI Global.

Bird, B. (1988). Implementing entrepreneurial ideas: The case for intention. Academy of Management Review, 13(3), 442-453.

Bruno, A. V., & Tyebjee, T. T. (1982). The environment for entrepreneurship. Encyclopedia of Entrepreneurship, 2(4), 288-315.

Bruton, G. D., & Ahlstrom, D. (2003). An institutional view of China's venture capital industry: Explaining the differences between China and the West. Journal of Business Venturing, 18(2), 233-259.

Busenitz, L. W., & Barney, J. B. (1997). Differences between entrepreneurs and managers in large organisations: Biases and heuristics in strategic decision-making. Journal of Business Venturing, 12(1), 9-30.

Busenitz, L. W., Gomez, C., & Spencer, J. W. (2000). Country institutional profiles: Unlocking entrepreneurial phenomena. Academy of Management Journal, 43(5), 994-1003.

Carlos Díaz Casero, J., Almodóvar González, M., de la Cruz Sánchez Escobedo, M., Coduras Martinez, A., & Hernández Mogollón, R. (2013). Institutional variables, entrepreneurial activity and economic development. Management Decision, 51(2), 281-305.

Carver, C. S. (1997). The internal-external scale confounds internal locus of control with expectancies of positive outcomes. Personality and Social Psychology Bulletin, 23(6), 580-585.

Chipeta, E., & Surujlal, J. (2017). Influence of attitude, risk-taking propensity and proactive personality on social entrepreneurship intentions. Polish Journal of Management Studies, 5(2), 27-36.

Chye Koh, H. (1996). Testing Hypotheses of Entrepreneurial Characteristics: A Study of Hong Kong MBA Students. Journal of Managerial Psychology, 11(3), 12-25.

Dana, L. P. (1990). Saint Martin/Sint Maarten: A case study of the effects of culture on economic development. Journal of Small Business Management, 28(4), 91-98.

Delmar, F., & Davidsson, P. (2000). Where do they come from? Prevalence and characteristics of nascent entrepreneurs. Entrepreneurship and Regional Development, 12(1), 1-23.

DiMaggio, P. J., & Powell, W. W. (1991). The new institutionalism in organisational analysis (Vol. 17): University of Chicago Press Chicago, IL.

Ekore, J. O., & Okekeocha, O. C. (2012). Fear of entrepreneurship among university graduates: A psychological analysis. International Journal of Management, 29(2), 515-524.

Espíritu-Olmos, R., & Sastre-Castillo, M. A. (2015). Personality traits versus work values: Comparing psychological theories on entrepreneurial intention. Journal of Business Research, 68(7), 1595-1598.

Estrin, S., Mickiewicz, T., & Stephan, U. (2013). Entrepreneurship, social capital, and institutions: Social and commercial entrepreneurship across nations. Entrepreneurship Theory and Practice, 37(3), 479-504.

Findley, M. J., & Cooper, H. M. (1983). Locus of control and academic achievement: A literature review. Journal of Personality and Social Psychology, 44(2), 419-427.

Fini, R., Fu, K., Mathisen, M. T., Rasmussen, E., & Wright, M. (2017). Institutional determinants of university spin-off quantity and quality: A longitudinal, multilevel, cross-country study. Small Business Economics, 48(2), 361-391.

Frese, M., & Zapf, D. (1994). Action as the core of work psychology: A German approach. Handbook of Industrial and Organisational Psychology, 4(1994), 271-340.

Gerry, C., Marques, C. S., & Nogueira, F. (2008). Tracking student entrepreneurial potential: Personal attributes and the propensity for business start-ups after graduation in a Portuguese university. Problems and Perspectives in Management, 6(4), 45-53.

Guerrero-Cano, M., Kirby, D., & Urbano, D. (2006). A literature review on entrepreneurial universities: An institutional approach. Paper presented at the 3rd Conference of Pre-communications to Congresses, University of Barcelona.

Ho, T., & Koh, H. (1992). Differences in psychological characteristics between entrepreneurially inclined and non-entrepreneurially inclined accounting graduates in Singapore. Entrepreneurship, Innovation and Change: An International Journal, 1(2), 243-254.

Hyder, A., Azhar, A., Javaid, A., & Rehman, M. (2011). Entrepreneurial intentions among business students in Pakistan. Journal of Business Systems, Governance and Ethics, 5(2), 13-21.

Iglesias-Sánchez, P. P., Jambrino-Maldonado, C., Velasco, A. P., & Kokash, H. (2016). Impact of entrepreneurship programmes on university students. Education and Training, 58(2), 209-228.

Izedonmi, P. F., & Okafor, C. (2010). The effect of Entrepreneurship education on Students entrepreneurial intentions. Global Journal of Management and Business Research, 10(6), 49-56.

Judge, T. A., Locke, E. A., Durham, C. C., & Kluger, A. N. (1997). Dispositional effects on job and life satisfaction: The role of core evaluations. Journal of Applied Psychology, 83(1), 17-34.

Jun, Z., & Deschoolmeester, D. (2008). The contextual determinants behind the entrepreneurial behaviour within 3D of EO: Evidence from the SMEs in China. International Retail and Marketing Review, 4(2), 9-32.

Klofsten, M. (2000). Training entrepreneurship at universities: A Swedish case. Journal of European Industrial Training, 24(6), 337-344.

Kolvereid, L., & Moen, Ø. (1997). Entrepreneurship among Business Graduates: Does a Major in Entrepreneurship Make a Difference? Journal of European Industrial Training, 21(4), 154-160.

Krueger Jr, Norris F, Reilly, M. D., & Carsrud, A. L. (2000). Competing models of entrepreneurial intentions. Journal of Business Venturing, 15(5-6), 411-432.

Krueger Norris F, & Carsrud, A. L. (1993). Entrepreneurial intentions: Applying the theory of planned behaviour. Entrepreneurship and Regional Development, 5(4), 315-330.

Kumar, A., & Sihag, S. (2012). Traits of entrepreneurs of small-scale sector. IUP Journal of Entrepreneurship Development, 9(2), 61-71.

Lord, R. G., & Maher, K. J. (1991). Cognitive theory in industrial and organisational psychology. Handbook of Industrial and Organisational Psychology, 2, 1-62.

McClelland, D. C. (1961). The achievement society. Princeton, NJ: Von Nostrand Company. Inc.

McGee, J. E., Peterson, M., Mueller, S. L., & Sequeira, J. M. (2009). Entrepreneurial self‐efficacy: refining the measure. Entrepreneurship Theory and Practice, 33(4), 965-988.

Mokhtar, R., Othman, A., & Zainuddin, Y. (2010). Psychological characteristics and entrepreneurial intention among Polytechnic students in Malaysia: A theory of planned behaviour approach. 55-69.

Naffziger, D. W., Hornsby, J. S., & Kuratko, D. F. (1994). A proposed research model of entrepreneurial motivation. Entrepreneurship Theory and Practice, 18(3), 29-42.

Noguera, M., Alvarez, C., Merigo, J. M., & Urbano, D. (2015). Determinants of female entrepreneurship in Spain: An institutional approach. Computational and Mathematical Organisation Theory, 21(4), 341-355.

North, D. (1990). Institutions, Institutional Changes and Economic Performance. Cambridge. New York, Cambridge, University Press.

Onuorah, O. B. (2014). The development of entrepreneurship in Nigeria is the gateway to youth empowerment. The International Journal of Science and Technology, 2(7), 329-332.

Pennings, J. M., & Curran, J. (1982). Organisational birth frequencies: An empirical investigation science quarterly. European Small Business Journal, 1(1), 92-92.

Petrakis, P. (2005). Risk perception, risk propensity and entrepreneurial behaviour: The Greek case. Journal of American Academy of Business, 7(1), 233-242.

Piperopoulos, P. (2012). Could higher education programmes, culture and structure stifle the entrepreneurial intentions of students? Journal of Small Business and Enterprise Development, 19(3), 461-483.

Rapp-Ricciardi, M., Barbieri, B., Amato, C., Council, B. C., & Archer, T. (2018). Dark triad, locus of control and effective status among individuals with an entrepreneurial intent. Journal of Entrepreneurship Education, 21(1), 1-17.

Rauch, A., & Frese, M. (2000). Psychological approaches to entrepreneurial success: A general model and an overview of findings. International Review of Industrial and Organisational Psychology, 15(2000), 101-142.

Robinson, P. B., Stimpson, D. V., Huefner, J. C., & Hunt, H. K. (1991). An attitude approach to the prediction of entrepreneurship. Entrepreneurship Theory and Practice, 15(4), 13-32.

Rotter, J. B. (1960). Some implications of a social learning theory for the prediction of goal-directed behaviour from testing procedures. Psychological Review, 67(5), 301-316.

Schumpeter, J. (1934). The Schumpeter: Theory of economic development: Harvard University Press.

Scott, W. R. (1995). Institutions and organisations. Foundations for organisational science. London: A Sage Publication Series.

Scott, W. R. (2001). Institutions and organisations. Thousands Oakes: Sage.

Seelos, C., Mair, J., Battilana, J., & Tina Dacin, M. (2011). The embeddedness of social entrepreneurship: Understanding variation across local communities Communities and organisations (pp. 333-363): Emerald Group Publishing Limited.

Sine, W. D., & David, R. J. (2010). Institutions and entrepreneurship Institutions and Entrepreneurship (pp. 1-26): Emerald Group Publishing Limited.

Suffian, M., Rosman, M., Norlaila, I., Norizan, A., & Hasnan, M. (2018). Entrepreneurial intention: An empirical study among undergraduate students. Journal of Fundamental and Applied Sciences, 10(2S), 413-435.

Syamsul, B., & Adda Harnida, W. (2017). Factors affecting student’s entrepreneurial intentions in Palu, Central Sulawesi, Indonesia. Russian Journal of Agricultural and Socio-Economic Sciences (RJOAS), 7(67), 227-234.

Terjesen, S., Lepoutre, J., Justo, R., & Bosma, N. (2012). Global entrepreneurship monitor: 2009 report on social entrepreneurship. Santiago: Babson Park, London: Babson College, Universidad del Desarrollo, Global Entrepreneurship Research Association.

Tessema Gerba, D. (2012). The context of entrepreneurship education in Ethiopian universities. Management Research Review, 35(3/4), 225-244.

Thamahane, T. C., & Chetty, N. (2017). Factors that influence entrepreneurship in university students: A case study of two departments at the university of the Western Cape (Republic of South Africa). Kuwait Chapter of the Arabian Journal of Business and Management Review, 6(6), 1-30.

Thomas, A. S., & Mueller, S. L. (2000). A case for comparative entrepreneurship: Assessing the relevance of culture. Journal of International Business Studies, 31(2), 287-301.

Urban, B. (2008). Social entrepreneurship in South Africa: Delineating the construct with associated skills. International Journal of Entrepreneurial Behaviour & Research, 14(5), 346-364.

Urban, B. (2013). Social entrepreneurship in an emerging economy: A focus on the institutional environment and social entrepreneurial self-efficacy. Managing Global Transitions, 11(1), 3-114.

Valdez, M. E., & Richardson, J. (2013). Institutional determinants of macro‐level entrepreneurship. Entrepreneurship Theory and Practice, 37(5), 1149-1175.

Volchek, D., Henttonen, K., & Edelmann, J. (2013). Exploring the role of a country's institutional environment in internationalisation: Strategic responses of SMEs in Russia. Journal of East-West Business, 19(4), 317-350.


Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

The Pertanika Journal of Scholarly Research Reviews, (e-ISSN: 2462-2028, ISSN: 2636-9141) published by Universiti Putra Malaysia Press