Application of Structural Equation Modelling to Assess the Impact of Entrepreneurial Characteristics on Students' Entrepreneurial Intentions

S. Karimi, H.J.A. Biemans, T. Lans, Z. Arasti, M. Chizari, M. Mulder

Research output: Chapter in Book/Report/Conference proceedingConference paperAcademic

Abstract

Entrepreneurship is considered to be an important driver for economic growth. Entrepreneurial intention is, based on the literature, suggested to be a predictor of future entrepreneurial behaviour. Entrepreneurial intention is influenced by several factors including entrepreneurial characteristics. Several studies have examined the relationship between entrepreneurial characteristics and success entrepreneurs. However, there is very little research available on personality factors that drive students’ intentions to start a new business. This study investigates the effect of entrepreneurial characteristics of students at Iranian universities on their entrepreneurial intentions. A survey instrument was designed to measure entrepreneurial intentions as dependent variable as well as entrepreneurial characteristics including need for achievement, risk-taking propensity, innovativeness, self-efficacy and need for independence as independent variables. The sample of 347 students included students studying business, agriculture, and engineering at seven established universities at both graduate and undergraduate levels. Structural Equation modelling (SEM) was employed to test causal relationships among independent and dependent variables. The results indicate that entrepreneurial intention is significantly influenced by entrepreneurial self-efficacy and need for achievement. However, risk taking propensity and need for independence. do not have a direct significant impact on students’ entrepreneurial intentions. Furthermore, the results show that the effect innovativeness is mediated by entrepreneurial self-efficacy. The results of the study provide educators, administrators and policy makers inside and outside universities valuable insights with respect to entrepreneurship education. It may serve students better by increasing its focus on entrepreneurial self-efficacy and need for achievement. Keywords: entrepreneurial intention, entrepreneurial characteristics, university students, Iran
Original languageEnglish
Title of host publicationProceedings of ECIE 2011, The 6th European Conference on Entrepreneurship and Innovation, Aberdeen, Scotland, UK, 15 - 16 September, 2011
EditorsH. Fulford
Place of PublicationAberdeen, Scotland, UK
PublisherRobert Gordon University
Pages954-967
Publication statusPublished - 2011
EventECIE 2011, 6th European Conference on Innovation and Entrepreneurship, Aberdeen, Scotland -
Duration: 15 Sept 201116 Sept 2011

Conference

ConferenceECIE 2011, 6th European Conference on Innovation and Entrepreneurship, Aberdeen, Scotland
Period15/09/1116/09/11

Fingerprint

Dive into the research topics of 'Application of Structural Equation Modelling to Assess the Impact of Entrepreneurial Characteristics on Students' Entrepreneurial Intentions'. Together they form a unique fingerprint.

Cite this