Browse > Article
http://dx.doi.org/10.13106/jafeb.2020.vol7.no8.671

The Effect of Social Capital on Social Entrepreneurial Intention among Vietnamese Students  

HA, Ngoc Thang (Department of General Management, Faculty of Business Management, National Economics University)
DOAN, Xuan Hau (Department of General Management, Faculty of Business Management, National Economics University)
VU, Trong Nghia (Communication Department, National Economics University)
NGUYEN, Thi Phuong Linh (Department of General Management, Faculty of Business Management, National Economics University)
PHAN, Thanh Hoa (Department of General Management, Faculty of Business Management, National Economics University)
DUONG, Cong Doanh (Department of General Management, Faculty of Business Management, National Economics University)
Publication Information
The Journal of Asian Finance, Economics and Business / v.7, no.8, 2020 , pp. 671-680 More about this Journal
Abstract
This study develops the model to estimate the links between social capital, social entrepreneurial self-efficacy, perceived desirability and social entrepreneurial intention. Besides exploring the direct impacts of social capital, social entrepreneurial self-efficacy, and perceived desirability on social entrepreneurial intention, this study also focus on discovering the mediating roles of perceived desirability and social entrepreneurial self-efficacy on this relationship. Throughout adopting measures from some previous studies, the authors design the questionnaires and distribute to students in Vietnam. The study presents some demographic information of 289 students, who are studying at university and colleges in Vietnam. Then, the validity and reliability of scales are assessed using the value of Cronbach's alpha, Exploratory Factor Analysis (EFA) and Confirmatory Factor Analysis (CFA). In addition, by utilizing the structural modeling structure (SEM), the authors show that social capital plays the important role in shaping social entrepreneurial self-efficacy, perceived desirability, and social entrepreneurial intention. Interestingly, besides the direct effects on social entrepreneurial intention, perceived desirability and social entrepreneurial self-efficacy also mediate the correlation between social capital and social entrepreneurial intention. Also, with the interesting findings of the study, the authors propose several recommendations for policy-makers, educators and academics to promote the social entrepreneurship and innovation among Vietnamese students.
Keywords
Social Capital; Perceived Desirability; Social Entrepreneurial Self-Efficacy; Social Entrepreneurial Intention;
Citations & Related Records
Times Cited By KSCI : 6  (Citation Analysis)
연도 인용수 순위
1 Hair, J .F. J., Anderson, R. E., Tatham, R .L, & Black, W. C., (1998). Multivariate Data Analysi, (5th ed.). Upper Saddle River, NJ: Prentice Hall.
2 Haugh, H. (2007). New strategies for a sustainable society: the growing contribution of social entrepreneurship. Business Ethics Quarterly, 17(4), 743-749. https://doi.org/10.5840/beq20071747   DOI
3 Nahapiet, J., & Ghoshal, S. (1998), Social capital, intellectual capital, and the organizational advantage, Academy of Management Review, 23(2), 242-266.   DOI
4 Newman, L., & Dale, A. (2005). Network structure, diversity, and proactive resilience building: A response to Tompkins and Adger. Ecology and Society, 10(1), 1-4.
5 Nicholls, A., & Cho, A. H. (2006). Social entrepreneurship: The structuration of a field. In A. Nicholls (Ed.). Social entrepreneurship: New models of sustainable social change (pp. 99-118). New York: Oxford University Press.
6 Păunescu, C., Popescu, M.C., & Duennweber, M. (2018). Factors determining desirability of entrepreneurship in Romani. Sustainability, 10(11), 3893. https://doi.org/10.3390/su10113893   DOI
7 Peredo, A.M., & McLean, M. (2005). Social entrepreneurship: a critical review of the concept. The Journal of World Business, 41(1), 56-65.   DOI
8 Peterman, N.E., & Kennedy, J. (2003). Enterprise education: Influencing students’ perceptions of entrepreneurship. Entrepreneurship: Theory and Practices, 28, 129-144.   DOI
9 Thompson, B. (2002). What future quantitative social science research could look like: Confidence intervals for effect sizes. Educational Researcher, 31(3), 25-32.   DOI
10 Sobel, M. E. (1986). Some new results on indirect effects and their standard errors in covariance structure models. In: S. Leinhart (Ed.), Sociological Methodology (pp. 159-186). San Francisco, CA: Jossey-Bass.
11 Tsai, K. H., Chang, H.C., & Peng, C.Y. (2014). Extending the link between entrepreneurial self-efficacy and intention: A moderated mediation model. International Entrepreneurship and Management Journal, 12, 445-463.   DOI
12 Vukovic, K., Kedmenec, I., Postolov, K., Jovanovski, K., & Korent. D. (2017). The role of bonding and bridging cognitive social capital in shaping entrepreneurial intention in transition economies. Management, 22(1), 1-33.
13 Welter, F., Baker, T., Audretsch, D.B., & Gartner, W.B. (2017). Everyday entrepreneurship-a call for entrepreneurship research to embrace entrepreneurial diversity. Entrepreneurship: Theory & Practices, 41(3), 311-321.   DOI
14 Yunus, M. (2008). Creating a world without poverty: Social business and the future of capitalism. New York, NY: Public Affairs.
15 Yousaf, U., Shamim, A., Siddiqui, H., & Raina, M. (2015). Studying the influence of entrepreneurial attributes, subjective norms and perceived desirability on entrepreneurial intentions. Journal of Entrepreneurship in Emerging Economics, 7(1), 23-34.   DOI
16 Johnson S. (2003). Literature Review of Social Entrepreneurship. New Academy Review, 2. Available at: https://www.researchgate.net/publication/246704544_Literature_Review_Of_Social_Entrepreneurship.
17 Zahra, S. A., Gedajlovic, E., Neubaum, D. O., & Shulman, J. M. (2009). A typology of social entrepreneurs: Motives, search processes and ethical challenges. Journal of Business Venturing, 24(5), 519-532.   DOI
18 Zahra, S.A., & Wright, M. (2016). Understanding the social role of entrepreneurship. Journal of Management Studies, 53(4), 610-629.   DOI
19 Hartog, C., & Hoogendoorn, B. (2011). Prevalence and determinants of social entrepreneurship at the macro-level (No. H201022). Netherlands: EIM Business and Policy Research.
20 Jöreskog, K.G. (1971). Simultaneous factor analysis in several populations. Psychometrika, 36, 409-426.   DOI
21 Kedmenec, I., & Strasek, S. (2017). Are some cultures more favourable for social entrepreneurship than others? Economic Research - Ekonomska istrazivanja, 30(1), 1461-1476. https://doi.org/10.1080/1331677X.2017.1355251.   DOI
22 Kettinger, W.J., Lee, C. C., & Lee, S. (1995). Global measures of information service quality: A cross-national study. Decision Sciences, 26(5), 559-588.
23 Krueger, N. F., Reilly, M. D., & Carsrud, A. L. (2000). Competing models of entrepreneurial intentions. Journal of Business Venturing, 15(5), 411-432.   DOI
24 Linan, F., Santos, F. J., & Fernandez, J. (2011). The influence of perceptions on potential entrepreneurs, International Entrepreneurship and Management Journal, 7(3), 373-390.   DOI
25 Lee, W. S, & Kim, B.Y. (2019). The Effects of Career Orientations on Entrepreneurial Satisfaction and Business Sustainability. Journal of Asian Finance, Economics and Business, 6(4), 235-248. https://doi.org/10.13106/jafeb.2019.vol6.no4.235   DOI
26 Liao, J., & Welsch, H. (2005). Roles of social capital in venture creation: Key dimensions and research implications. Journal of Small Business Management. 43(4), 345-362.   DOI
27 Linan, F., & Santos, F. J. (2007). Does social capital affect entrepreneurial intentions? International Advances in Economic Research, 13(4), 443-453.   DOI
28 Preacher, K. J., & Hayes, A. F. (2008b). Contemporary approaches to assessing mediation in communication research. In: A. F. Hayes, M. D. Slater, & L. B. Snyder (Eds.), The Sage sourcebook of advanced data analysis methods for communication research (pp. 13-54). Thousand Oaks, CA: Sage Publications.
29 Pitt, L., Merwe, R. D., Berthon, P., Salehi-Sangari, E., & Barnes, B. R. (2006). Swedish BioTech SMEs: The veiled values in online networks. Technovation, 26(5-6), 553-560.   DOI
30 Preacher, K. J., & Hayes, A. F. (2008a). Asymptotic and resampling strategies for assessing and comparing indirect effects in multiple mediator models. Behavior Research Methods, 40, 879-891.   DOI
31 Reynolds, P., Cox, L., & Autio, E. (2012). Global Entrepreneurship Monitor: 2002. Executive Report. London, UK: Global Entrepreneurship Research Association. Available at: https://www.gemconsortium.org/report/gem-2002-global-report
32 Rey-Martí, A., Ribeiro-Soriano, D., & Palacios-Marques, D. (2016). A bibliometric analysis of social entrepreneurship. Journal of Business Research, 69(5), 1651-1655.   DOI
33 Robinson, J.A. (2006). Navigating social and institutional barriers to markets: how social entrepreneurs identify and evaluate opportunities. In: Mair, J., Robinson, J.A. and Hockerts, K. (Eds), International Perspectives on social entrepreneurship (pp. 1-6). Houndsmills, England: Palgrave Macmillan.
34 Schlaegel, C., & Koenig, M. (2014). Determinants of entrepreneurial intent: A meta-analytic test and integration of competing models. Entrepreneurship Theory and Practice, 38(2), 291-332.   DOI
35 Shane, S., & Venkataraman. S. (2000). The promise of entrepreneurship as a field of research. Academy of Management Review. 25(1), 217-226.   DOI
36 Shapero A. (1982). Social Dimensions of Entrepreneurship. In: C. Kent, D. Sexton and K. Vesper (Eds.), The Encyclopedia of Entrepreneurship (pp. 72-90). Englewood Cliffs, NJ: Prentice-Hall.
37 Bhagavatula, S., Elfring, T., van Tilburg, A., & van de Bunt, G.G. (2010), How social and human capital influence opportunity recognition and resource mobilization in India's handloom industry, Journal of Business Venturing, 25, 245-260.   DOI
38 Zaremohzzabieh, Z., Ahrari, S., Krauss, S. E., Samah, A. A., Meng, L.W., & Ariffin, Z. (2019). Predicting social entrepreneurial intention: A meta-analytic path analysis based on the theory of planned behavior. Journal of Business Research, 96, 264-276.   DOI
39 Baughn, C. C., Cao, J.S.R., Le, L.T.M, Lim, V. A. & Neupert, K.E (2006). Normative, Social and Cognitive predictors of entrepreneurial interest in China, Vietnam and the Philippines. Journal of Development Entrepreneurship, 11(1), 57-77.   DOI
40 Bentler, P.M., & Bonnet, D.G. (1980). Significance tests and goodness of fit in the analysis of covariance structures. Psychological Bulletin, 88, 588-606.   DOI
41 Bosma, N., & Levie, J. (2010). Global entrepreneurship monitor: 2009 Global Report. Wellesley, MA: Babson College; Universidad Del Desarrollo, Reykjavik University.
42 Chandra, Y., & Shang, L., (2017). Unpacking the biographical antecedents of the emergence of social enterprises: a narrative perspective. Voluntas [Online First]. https://link.springer.com/article/10.1007/s11266-017-9860-2.
43 Linan, F., & Chen, Y. W. (2009). Development and Cross-Cultural Application of a Specific Instrument to Measure Entrepreneurial Intentions. Entrepreneurship Theory and Practice, 33(3), 593-617.   DOI
44 Lu, H., & Wang, J. (2018). Entrepreneurial Intention of Two Patterns of Planned Behaviour and Alertness: Empirical Evidence in China. Journal of Asian Finance, Economics and Business, 5(2), 63-72. https://doi.org/10.13106/jafeb.2018.vol5.no2.63   DOI
45 Luc, P.T. (2018). The Relationship between Perceived Access to Finance and Social Entrepreneurship Intentions among University Students in Vietnam. Journal of Asian Finance, Economics and Business, 5(1), 63-72. http://dx.doi.org/10.13106/jafeb.2018.vol5.no1.63   DOI
46 Acs, Z. J., &Audretsch, D. B. (2003). The International Handbook of Entrepreneurship. Dordrecht, Germany: Kluwer Academic Publishers
47 Adler, P., & Kwon, S. (2002). Social capital: prospects of a new concept. Academy of Management Review, 27(1), 17-40.   DOI
48 Boyd, N.G., & Vozikis, G.S. (1994). The Influence of Self-efficacy on the Development of Entrepreneurial Intentions and Actions. Entrepreneurship Theory and Practice, 18(4), 63-77.   DOI
49 Canestrino, R., Cwiklicki, M., Magliocca, P., & Pawelek, B. (2020). Understanding social entrepreneurship: A cultural perspective in business research. Journal of Business Research, 110, 132-143.   DOI
50 Awang, Z. (2012). Structural Equation Modeling using Amos Graphic. Penerbit Universiti Teknologi MARA, Malaysia.
51 Chan, F. (2017). Social entrepreneurship as emancipatory work. Journal of Business Venturing, 32, 657-673.   DOI
52 Cukier, W., Trenholm, S., Carl, D., & Gekas, G. (2011). Social entrepreneurship: A content analysis. Journal of Strategic Innovation and Sustainability, 7(1), 99-119.
53 Arregle, T.L., Hitt, M., Sirmon, D., & Very, P. (2007). The development of organizational social capital: Attributes of family firms. Journal of Management Studies, 44(1), 73-95.   DOI
54 Agbim, K. C. (2019). Social networking and the family business performance: A conceptual consideration. Journal of Entrepreneurship, Management and Innovation, 15(1), 83-122.   DOI
55 Ajzen, I. (1991). The theory of planned behaviour. Organizational Behaviour and Human Decision Processes, 50(2), 179-211.   DOI
56 Anh, T.P.T., & Harald, V.K. (2016). A conceptual model of social entrepreneurial intention based on the social cognitive career theory. Asia Pacific Journal of Innovation and Entrepreneurship, 10(1), 17-38.   DOI
57 Alvord, S.H., Brown, L.D. & Letts, C.W. (2004). Social entrepreneurship and societal transformation: an exploratory study. The Journal of Applied Behavioral Science, 40(2), 260-282.   DOI
58 Austin, J., Stevenson, H., & Wei-Skillern, J. (2006). Social and commercial entrepreneurship: Same, different or both? Entrepreneurship, Theory and Practice, 30(1), 1-22.   DOI
59 Autio, E., H. Keeley, R., Klofsten, M., Parker, G. C., & Hay, M. (2001). Entrepreneurial intent among students in Scandinavia and in the USA. Enterprise and Innovation Management Studies, 2, 145-160.   DOI
60 Dacin, P. A., Dacin, M. T., & Matear, M. (2010). Social entrepreneurship: Why we don't need a new theory and how we move forward from here. Academy of Management Perspectives, 24(3), 37-57. https://doi.org/10.5465/amp.24.3.37.
61 Doanh, D. C., & Bernat, T. (2019). Factors related to the intention of starting a business: A study among Students in Vietnam. Problemy Zarządzania - Management Issues, 17(6), 133-157. https://doi.org/10.7172/1644-9584.86.8
62 Davidsson, P., & Honig, B. (2003). The role of social and human capital among nascent entrepreneurs. Journal of Business Venturing, 18, 301-331   DOI
63 De Carolis, D. M., Yang, Y., Deeds, D. L., & Nelling, E. (2009). Weathering the storm: The benefit of resources to high-technology ventures navigating adverse events. Strategic Entrepreneurship Journal, 3(2), 47-160.   DOI
64 Dees, J. G., & Anderson, B. B. (2006). Framing a theory of social entrepreneurship: Building on two schools of practice and thought. Research on Social Entrepreneurship: Understanding and Contributing to an Emerging Field, Association for Research on Nonprofit Organizations and Voluntary Action (ARNOVA), ARNOVA Occasional Paper Series, 1(3), 39-66.
65 Dolfsma, W., & Dannreuther, C. (2003). Subjects and boundaries: Contesting social capital-based policies, Journal of Economic Issues, 37(2), 405-413.   DOI
66 Durieux, M.B., & Stebbins, R.A. (2010). Social Entrepreneurship for Dummies. Hoboken, NJ: Wiley.
67 Dwivedi, A., & Weerawardena, J. (2018). Conceptualizing and operationalizing the social entrepreneurship construct. Journal of Business Research, 86, 32-40.   DOI
68 Ernst, K. (2011). Heart over mind-An empirical analysis of social entrepreneurial intention formation on the basis of the theory of planned behaviour. Unpublished dissertation, University Wuppertal, Germany.
69 Fellnhofer, K. (2018). Narratives boost entrepreneurial attitudes: Making an entrepreneurial career attractive? European Journal of Education, 53, 218-237.   DOI
70 Felicio, J. A., Goncalves, H. M., & da Conceicao Goncalves, V. (2013). Social value and organizational performance in non-profit social organizations: Social entrepreneurship, leadership, and socioeconomic context effects. Journal of Business Research, 66(10), 2139-2146. https://doi.org/10.1016/j.jbusres.2013.02.040.   DOI
71 Foley, M. W., & Edwards, B. (1997). Editors' introduction escape from politics? Social theory and the social capital debate. American Behavioral Scientist, 40(5), 550-561.   DOI
72 Fornell, C., & Larcker, D. F. (1981). Evaluating Structural Equation Models with Unobservable Variables and Measurement Error. Journal of Marketing Research, 18(1), 39-50.   DOI
73 Gerbing, D.W., & Anderson, J.C. (1988). An updated paradigm for scale development incorporating unidimensionality and its assessment. Journal of Marketing Research, 25(2), 186-192.   DOI
74 Gollwitzer, P. (1996). The volitional benefits of planning. In: Gollwitzer, P., Bargh, J., (Eds.), The Psychology of Action: Linking Cognition and Motivation to Behavior (pp. 287-312). New York, NY: Guilford.
75 Hanafizadeh, P., Hanafizadeh, M. R., & Khodabakhshi, M. (2010). E-business deployment in Iranian IT firms: An empirical research on recommendations. International Journal of Value Chain Management, 14(1/2), 49-67.   DOI