Browse > Article
http://dx.doi.org/10.13106/jafeb.2020.vol7.no12.139

The Interplay between the Psychological Factors and Entrepreneurial Intention: An Empirical Investigation  

SHAHNEAZ, Mir Abdullah (Department of Business Administration, Shanto-Mariam University of Creative Technology)
AMIN, Mohammad Bin (Department of Business Administration, Bangladesh Army University of Science & Technology)
ENI, Lima Nasrin (Department of Business Administration, Bangladesh Army University of Science & Technology)
Publication Information
The Journal of Asian Finance, Economics and Business / v.7, no.12, 2020 , pp. 139-146 More about this Journal
Abstract
The domain of entrepreneurship has been dotted across various paradigms. Identifying and examining entrepreneurial intention and propensity to it spontaneously require the insight from the lens of psychological approach. The aim of this study is to examine the influence and impact of psychological factors on entrepreneurial intention; as it is found that in Bangladeshi context several entrepreneurship studies are undertaken, still the exploratory research on interplay between the psychological factors (i.e., self-confidence, locus of control, need for achievement, and tolerance for ambiguity) and entrepreneurial intention has been merely found. The study has chosen Bangladeshi university students as the unit of analysis and the ultimate sample size in this research is n=265. The current paper is a quantitative study where sampling method is followed by convenience sampling technique, and study data is collected through survey questionnaire. Data has been compiled into SPSS whereas, for hypotheses assessment, Smart PLS software is applied. The results reflect that self-confidence, locus of control, and need for achievement are revealed as contributory determinants of entrepreneurial intention while tolerance for ambiguity is found as an insignificant predictor. The current research is expected to offer an in-depth understanding about the significance of psychological factors in examining entrepreneurial intention.
Keywords
Entrepreneurial Intention; Self-confidence; Tolerance for Ambiguity; Locus of Control; Need for Achievement;
Citations & Related Records
Times Cited By KSCI : 8  (Citation Analysis)
연도 인용수 순위
1 Ajzen, I. (1987). Attitudes, traits and actions: Dispositional prediction of behaviour in personality and social psychology. Advances in Experimental Social Psychology, 20, 1-63.   DOI
2 Akhter, A., Hossain, M. U. & Asheq, A. A. (2020). Influential Factors of Social Entrepreneurial Intention in Bangladesh. Journal of Asian Finance, Economics and Business, 7(8), 645-651. https://doi.org/10.13106/jafeb.2020.vol7.no8.645   DOI
3 Barba-Sanchez, V., & Atienza-Sahuquillo, C. (2018). Entrepreneurial intention among engineering students: The role of entrepreneurship education. European Research on Management and Business Economics, 24(1), 53-61.   DOI
4 Budner, S. (1982). Intolerance of ambiguity as a personality variable. Journal of Personality, 30(1), 29-50.   DOI
5 Burns, P. (2008). Corporate Entrepreneurship: Building the Entrepreneurial Organization (2nd ed.). New York, NY: Palgrave Macmillan.
6 Churchill, N., & Bygrave, W. D. (1989). The Entrepreneur ship Paradigm (I): A Philosophical Look at Its Research Methodologies. Entrepreneurship Theory and practice, 14(1), 7-26.   DOI
7 Collins, C. J., Hanges, P. J. & Locke, E. A. (2004). The relationship of achievement motivation to entrepreneurial behavior: A meta-analysis. Human Performance 17(1), 95-117.   DOI
8 Corcoles-Munoz, M. M., Parra-Requena, G., Ruiz-Ortega, M. J., Garcia-Villaverde, P. M., & Ramirez-Fernandez, F. J. (2019). Psychological and Biographical Determinants of Entrepreneurial Intention: Does the Learning Environment Act as a Mediator? Administrative Sciences, 9(2), 1-22.
9 Dinis, A., do Paco, A., Ferreira, J., Raposo, M. & Gouveia Rodrigues, R. (2013). Psychological characteristics and entrepreneurial intentions among secondary students. Education + Training, 55(8/9), 763-780.   DOI
10 Ezeh, P.C., Nkamnebe, A.D. & Omodafe, U.P. (2019). Determinants of entrepreneurial intention among undergraduates in a Muslim community. Management Research Review, 43(8), 1013-1030.   DOI
11 Ferreira, J. J., Raposo, M. L., Rodrigues, R. G., Dinis, A., & Paco, A. D. (2012). A model of entrepreneurial intention: An application of the psychological and behavioral approaches. Journal of Small Business and Enterprise Development, 19(3), 424-440.   DOI
12 Gurel, E., Altinay, L., & Daniele, R. (2010). Tourism students' entrepreneurial intentions. Annals of Tourism Research, 37(3), 646-669.   DOI
13 Gelaidan, H.M. & Abdullateef, A.O. (2017). Entrepreneurial intentions of business students in Malaysia: The role of selfconfidence, educational and relation support. Journal of Small Business and Enterprise Development, 24(1), 54-67.   DOI
14 Gerba, D. T. (2012). Impact of entrepreneurship education on entrepreneurial intentions of business and engineering students in Ethiopia. African Journal of Economic and Management Studies, 3(2), 258-277.   DOI
15 Gupta, V. K., & Bhawe, N. M. (2007). The influence of proactive personality and stereotype threat on women's entrepreneurial intentions. Journal of Leadership & Organizational Studies, 13(4), 73-85.   DOI
16 Rahaman, M., A., Ali, M. J., Mamoon, Z. R. & Asheq, A. A. (2020). Understanding the Entrepreneurial Intention in the Light of Contextual Factors: Gender Analysis. Journal of Asian Finance, Economics and Business, 7(9), 639-647. https://doi.org/10.13106/jafeb.2020.vol7.no9.639   DOI
17 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.   DOI
18 Rotter, J. (1966). Generalized expectancies for internal versus external control of reinforcement. Psychological Monographs, 80(1), 1-28.   DOI
19 Ryan, J.C., Tipu, S.A. & Zeffane, R.M. (2011). Need for achievement and entrepreneurial potential: a study of young adults in the UAE. Education, Business and Society: Contemporary Middle Eastern Issues, 4(3), 153-166.   DOI
20 Segal, G., Borgia, D. & Schoenfeld, J. (2005). The motivation to become an entrepreneur. International Journal of Entrepreneurial Behavior and Research 1(1), 42-57.
21 Vuong, B. N., Phuong, N. N. D., Huan, D. D., & Quan, T. N. (2020). A Model of Factors Affecting Entrepreneurial Intention among Information Technology Students in Vietnam. Journal of Asian Finance, Economics and Business, 7(8), 461-472. https://doi.org/10.13106/jafeb.2020.vol7.no8.461   DOI
22 Stewart, W. H., Watson, W. E., Carland, J. C. and Carland, J. W. (1999). A proclivity for entrepreneurship: A comparison of entrepreneurs, small business owners, and corporate managers. Journal of Business Venturing 14(2), 189-214.   DOI
23 Tateh, O., Latip, H. A., & Awang Marikan, D. A. (2014). Entrepreneurial intentions among indigenous dayak in sarawak, malaysia: an assessment of personality traits and social learning'. The Macrotheme Review, 3(2), 110-119.
24 Urbano, D., & Aparicio, S. (2016). Entrepreneurship capital types and economic growth: International evidence. Technological Forecasting and Social Change, 102, 34-44.   DOI
25 Wardana, L. W., Handayati, P., Narmaditya, B. S., Wibowo, A., Patma, T. S., & Suprajan, S. E. (2020). Determinant Factors of Young People in Preparing for Entrepreneurship: Lesson from Indonesia. Journal of Asian Finance, Economics and Business, 7(8), 555-565. https://doi.org/10.13106/jafeb.2020.vol7.no8.555   DOI
26 Zarei, E., Zainalipour, H., & Shahraki, L. S. (2013). Relationship between achievement motivation and ambiguity tolerance with entrepreneurship among students in Hormozgan university. Journal of Educational and Management Studies, 3(2), 167-172.
27 Zeffane, R. (2013). Need for achievement, personality and entrepreneurial potential: A study of young adults in the United Arab Emirates. Journal of Enterprising Culture, 21(1), 75-105.   DOI
28 Guven, S. (2009). New primary education course programmes and entrepreneurship. Procedia-Social and Behavioral Sciences, 1(1), 265-270.   DOI
29 Henley, A. (2007). Entrepreneurial aspiration and transition into self-employment: evidence from British longitudinal data. Entrepreneurship & Regional Development, 19(3), 253-280.   DOI
30 Hair, J. F., Ringle, C. M., & Sarstedt, M. (2013). Partial least squares structural equation modeling: Rigorous applications, better results and higher acceptance. Long Range Planning, 46(1/2), 1-12.   DOI
31 Hossain, M. U., & Asheq, A. A. (2020). Do leadership orientation and proactive personality influence social entrepreneurial intention? International Journal of Management and Enterprise Development, 19(2), 109-125.   DOI
32 Hossain, M. U., Asheq, A. A. & Arifuzzaman, S. M. (2019). Entrepreneurial intention of Bangladeshi students: impact of individual and contextual factors. Problems and Perspectives in Management, 17(4), 493-503.   DOI
33 Karimi, S., Biemans, H. J., Naderi Mahdei, K., Lans, T., Chizari, M., & Mulder, M. (2017). Testing the relationship between personality characteristics, contextual factors and entrepreneurial intentions in a developing country. International Journal of Psychology, 52(3), 227-240.   DOI
34 Loon, M. & Casimir, G. (2008). Job-demand for learning and jobrelated learning: the moderating effect of need for achievement. Journal of Managerial Psychology, 23(1), 89-102.   DOI
35 Low, M. B. & MacMillan, I.C. (1988). Entrepreneurship: past research and future challenges. Journal of Management, 14(2), 139-161.   DOI
36 Mathieu, C., & St-Jean, E. (2013). Entrepreneurial personality: The role of narcissism. Personality and Individual Differences, 55(5), 527-531.   DOI
37 McClelland, D.C. (1961). The Achieving Society. Princeton, NJ: D. Van Norstrand Co Inc,
38 Nowinski, W., & Haddoud, M. Y. (2019). The role of inspiring role models in enhancing entrepreneurial intention. Journal of Business Research, 96, 183-193.   DOI
39 Nasip, S., Amirul, S.R., Sondoh Jr, S.L. & Tanakinjal, G.H. (2017). Psychological characteristics and entrepreneurial intention: A study among university students in North Borneo, Malaysia. Education + Training, 59(7/8), 825-840.   DOI
40 Nguyen, C. (2018). Demographic factors, family background and prior self-employment on entrepreneurial intention-Vietnamese business students are different: why? Journal of Global Entrepreneurship Research, 8(1), 1-17.   DOI
41 Prakash, D., Jain, S., & Chauhan, K. (2015). Supportive government policies, locus of control and student's entrepreneurial intensity: a study of India. Journal of Global Entrepreneurship Research, 5(1), 26.   DOI
42 Prodan, I., & Drnovsek, M. (2010). Conceptualizing academicentrepreneurial intentions: An empirical test. Technovation, 30(5-6), 332-347.   DOI
43 Quan, X. (2012). Prior experience, social network, and levels of entrepreneurial intentions. Management Research Review, 35(10), 945-957.   DOI