The impact of individual and environmental characteristics on students' entrepreneurial intention

Abstract

The primary objective of this study is to investigate the effects of personal attitude toward entrepreneurship, self-efficacy (individual characteristics) and social capital, country norms (environmental characteristics) on entrepreneurial intention among students at universities and colleges in Vietnam. By collecting data from 210 students in Vietnam, authors employ the quantitative approach such as certain descriptive statistics, explorative factor analysis (EFA), KMO and Bartlett test, correlation coefficient analysis, ANOVA test and multiple regression analysis to test hypothesizes. The study investigates the relationship between entrepreneurial attitude, self-efficacy, social capital, country norms and entrepreneurial intention. The result of this research indicates that a large proportion of students only study and only a small percentage of them study and run their own business. In terms of willingness to take the risks, the highest figure belongs to the neutral level. In addition, the correlation coefficient and multiple regressions analysis indicate that all four factors were positively associated with entrepreneurial intention. Specially, country norms are seen as the most influential factors on entrepreneurial intention, followed by social capital, personal attitude, and self-efficacy, respectively.