The role of contextual factors on predicting entrepreneurial intention among Vietnamese students

Objective: The objective of the article is to explore the specific underlying mechanisms in which contextual factors are internalised into students’ cognitive process of entrepreneurship in Vietnam. Research Design Methods: A quantitative study with a meta-analysis was conducted by utilising structu...

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Bibliographic Details
Published in:Entrepreneurial Business and Economics Review 2021-03, Vol.9 (1), p.169-188
Main Author: Doanh, Duong Cong
Format: Article
Language:English
Subjects:
Attitudes
Behavior
Business Economy / Management
Cognition & reasoning
Colleges & universities
Education
Entrepreneurs
Entrepreneurship
Higher Education
Literature reviews
Perceptions
Psychology
Social capital
Social psychology and group interaction
Startups
Students
Theory of planned behavior
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Summary:Objective: The objective of the article is to explore the specific underlying mechanisms in which contextual factors are internalised into students’ cognitive process of entrepreneurship in Vietnam. Research Design Methods: A quantitative study with a meta-analysis was conducted by utilising structural equation modelling (SEM). The sample consisted of 2218 final-year students from fourteen universities located in two major regions in Vietnam who were surveyed using stratified random sampling. Findings: Results revealed that social capital was not directly related to intention to become entrepreneurs, which had indirect and significant impact on start-up intention throughout attitude towards entrepreneurship, perceived behavioural control, and entrepreneurial self-efficacy. In addition, the regulatory dimension negatively affected entrepreneurial intention while the normative dimension positively promoted this intention. University education not only directly affected but also indirectly influenced entrepreneurial intention via antecedents of the theory of planned behaviour. The research also showed the mediating role of attitude towards entrepreneurship, perceived behavioural control, and entrepreneurial self-efficacy between contextual factors and entrepreneurial intention among Vietnamese students. Implications Recommendations: The study has several implications and practical recommendations for universities and policymakers in boosting business venturing activities among college students. Contribution Value Added: The empirical evidence of the research supported the theoretical arguments, which specified the detailed mechanisms that contextual factors affect the cognitive process of business venture.
ISSN:2353-883X
2353-8821
DOI:10.15678/EBER.2021.090111