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Understanding the predictors of entrepreneurial intentions of young people from Argentina, Belgium, Bulgaria, China, and Romania

Author

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  • Daniel Vankov

    (Michiel de Ruyter Scientific Organization from Partium, Romania)

  • Daniel Vankov

    (Queensland University of Technology, Australia)

  • David Kozma

    (Asociatia Klebelsberg Kuno, Romania)

  • Martin Galanternik

    (MINU Asociación Civil, Argentina)

  • Johan Chiers

    (TOP-25 Europe, Belgium)

  • Borislav Vankov

    (Narodno Chitalishte "Svetal Den 2009", Bulgaria)

  • Lin Wang

    (Shanghai Jin Sheng Creative Service, China)

Abstract

Entrepreneurship helps grow economies. Thus, under comprehensive competence frameworks, such as European Entrepreneurship Competence Framework (EntreComp), entrepreneurial skills development is a global priority. However, under no guarantee, newly developed skills will be utilised in entrepreneurial activity. The question of which entrepreneurial skills predict entrepreneurial intentions remains with no definite answer. Our study examines the extent to which entrepreneurial intentions can be predicted in young people (aged 18 to 25, n=203) by a model grounded in the Self-Efficacy Theory. Our model tested the contribution of demographics, Big Five personality characteristics and entrepreneurial self-efficacy (ESE). Through a hierarchical multiple regression, we reveal that our participants' entrepreneurial intentions are predicted by two variables: developing new product and market opportunities and conscientiousness. As a result, we found that participants are likely to think of becoming entrepreneurs when confident in their ability to innovate and leverage the market. Interestingly, those same people tended to be somewhat less conscientious. The results showed a significant influence of neither nationality nor age or gender on entrepreneurial intentions. The novelty of our findings is three-fold. First, underlying data is derived from a multicultural sample of young people from three continents. Second, contrary to common sense, they reveal no influence of demographics on entrepreneurial intentions. Third, when ESE is explored as sub-dimensions, not all of them predict entrepreneurial intentions. Overall, our model explained 44% of the entrepreneurial intentions variation. Those results show a path to help develop better-targeted entrepreneurship education or more impactful initiatives for young people. They can be found helpful by policymakers, researchers and practitioners alike.

Suggested Citation

  • Daniel Vankov & Daniel Vankov & David Kozma & Martin Galanternik & Johan Chiers & Borislav Vankov & Lin Wang, 2022. "Understanding the predictors of entrepreneurial intentions of young people from Argentina, Belgium, Bulgaria, China, and Romania," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 9(3), pages 384-398, March.
    • Handle: RePEc:ssi:jouesi:v:9:y:2022:i:3:p:384-398
    DOI: 10.9770/jesi.2022.9.3(23)
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    References listed on IDEAS

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    1. De Vita, Luisa & Mari, Michela & Poggesi, Sara, 2014. "Women entrepreneurs in and from developing countries: Evidences from the literature," European Management Journal, Elsevier, vol. 32(3), pages 451-460.
    2. Tariq Atiya & Zaroug Osman, 2021. "The effect of entrepreneurial characteristics on the entrepreneurial intention of university students in Oman and Sudan," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(4), pages 217-234, June.
    3. Chen, Chao C. & Greene, Patricia Gene & Crick, Ann, 1998. "Does entrepreneurial self-efficacy distinguish entrepreneurs from managers?," Journal of Business Venturing, Elsevier, vol. 13(4), pages 295-316, July.
    4. Masooda Bano, 2018. "Skills Development and International Development Agenda Setting: Lessons from an Intervention in Northern Nigeria," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 30(5), pages 789-808, December.
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    Cited by:

    1. Seyberth, Lilo & Overwien, Anja, 2024. "The influence of role models on women's entrepreneurial intention and behaviour," Discussion Papers of the Institute for Organisational Economics 3/2024, University of Münster, Institute for Organisational Economics.
    2. Augusta Raţiu & Ionela Maniu & Emilia-Loredana Pop, 2023. "EntreComp Framework: A Bibliometric Review and Research Trends," Sustainability, MDPI, vol. 15(2), pages 1-26, January.

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    More about this item

    Keywords

    Big Five personality items; entrepreneurial intentions; entrepreneurial self-efficacy; Self-Efficacy Theory; young people;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management

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