IDEAS home Printed from https://ideas.repec.org/a/mnb/finrev/v21y2022i2p125-151.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: https://en-hitelintezetiszemle.mnb.hu/letoltes/fer-21-2-st5-szabo-aranyossy-barczy.pdf
    Download Restriction: no
    ---><---

    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, October.
    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)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. David Bruce Audretsch & Maksim Belitski & Georg Maximilian Eichler & Erich Schwarz, 2024. "Entrepreneurial ecosystems, institutional quality, and the unexpected role of the sustainability orientation of entrepreneurs," Small Business Economics, Springer, vol. 62(2), pages 503-522, February.
    2. Colin Donaldson, 2021. "Culture in the entrepreneurial ecosystem: a conceptual framing," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 289-319, March.
    3. Alexander Chepurenko & Maria Kristalova & Michael Wyrwich, 2019. "Historical and Institutional Determinants of Universities’ Role in Fostering Entrepreneurship," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 13(4), pages 48-59.
    4. Eva Komlosi & Balazs Pager & Gabor Markus, 2019. "Entrepreneurial Innovations in Countries at Different Stages of Development," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 13(4), pages 23-34.
    5. Ana Joana Fernandes & Joao J. Ferreira, 2022. "Entrepreneurial ecosystems and networks: a literature review and research agenda," Review of Managerial Science, Springer, vol. 16(1), pages 189-247, January.
    6. Maysami, Amir Mahdi & Mohammadi Elyasi, Ghanbar, 2020. "Designing the framework of technological entrepreneurship ecosystem: A grounded theory approach in the context of Iran," Technology in Society, Elsevier, vol. 63(C).
    7. Dorine Cornet & Jean Bonnet & Sébastien Bourdin, 2023. "Digital entrepreneurship indicator (DEI): an analysis of the case of the greater Paris metropolitan area," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 71(3), pages 697-724, December.
    8. Tshehla, Steven S. & Chodokufa, Kudakwashe & Costa, King, 2021. "Entrepreneurship Education’s Influence on Learner’s Entrepreneurship Intention in South African Schools," AfricArxiv gpn98, Center for Open Science.
    9. Xaver Neumeyer & Susana C. Santos & Michael H. Morris, 2019. "Who is left out: exploring social boundaries in entrepreneurial ecosystems," The Journal of Technology Transfer, Springer, vol. 44(2), pages 462-484, April.
    10. László Szerb & Éva Komlósi & Balázs Páger, 2016. "Measuring Entrepreneurship and Optimizing Entrepreneurship Policy Efforts in the European Union," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 14(03), pages 08-23, October.
    11. László Szerb & Raquel Ortega‐Argilés & Zoltan J. Acs & Éva Komlósi, 2020. "Optimizing entrepreneurial development processes for smart specialization in the European Union," Papers in Regional Science, Wiley Blackwell, vol. 99(5), pages 1413-1457, October.
    12. Haifeng Qian, 2018. "Knowledge-Based Regional Economic Development: A Synthetic Review of Knowledge Spillovers, Entrepreneurship, and Entrepreneurial Ecosystems," Economic Development Quarterly, , vol. 32(2), pages 163-176, May.
    13. repec:ces:ifodic:v:14:y:2016:i:3:p:19255694 is not listed on IDEAS
    14. Thorsten Lammers & Dilek Cetindamar & Maren Borkert, 2021. "A Digital Tale of Two Cities—Observing the Dynamics of the Artificial Intelligence Ecosystems in Berlin and Sydney," Sustainability, MDPI, vol. 13(19), pages 1-19, September.
    15. Mohammed Ali Alqassabi, 2020. "Insights on Sustainability of Small and Medium Enterprises in Oman: A Conceptual Framework," International Journal of Economics and Financial Issues, Econjournals, vol. 10(1), pages 209-218.
    16. Antonia Nörthemann, 2023. "Industry-specific specialization in venture capitalists’ internationalization decisions," Journal of Business Economics, Springer, vol. 93(5), pages 891-927, July.
    17. Grégory Guéneau & Didier Chabaud & Marie-Christine Chalus Sauvannet, 2022. "Opening entrepreneurial ecosystem’s black box: the power of networks in African low-income countries," International Entrepreneurship and Management Journal, Springer, vol. 18(2), pages 753-772, June.
    18. Naudé, Wim & Nagler, Paula, 2021. "The Rise and Fall of German Innovation," IZA Discussion Papers 14154, Institute of Labor Economics (IZA).
    19. Tshehla, Belinda & Costa, King, 2021. "Exploring The Relationship Between Mentorship And Successful Youth Entrepreneurship At Telkom, South Africa," AfricArxiv c5r4e, Center for Open Science.
    20. Pindado, Emilio & Sánchez, Mercedes & García Martínez, Marian, 2023. "Entrepreneurial innovativeness: When too little or too much agglomeration hurts," Research Policy, Elsevier, vol. 52(1).
    21. repec:zna:indecs:v:19:y:2021:i:4:p:13-30 is not listed on IDEAS
    22. Adisu Fanta Bate, 2021. "A comparative analysis on the entrepreneurial ecosystem of BRICS club countries: practical emphasis on South Africa," SN Business & Economics, Springer, vol. 1(10), pages 1-20, October.

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mnb:finrev:v:21:y:2022:i:2:p:125-151. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Morvay Endre (email available below). General contact details of provider: https://edirc.repec.org/data/mnbgvhu.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.