Application of Structural Equation Modelling to Assess the Effect of Entrepreneurial Characteristics on Students’ Entrepreneurial Intentions

H. Fulford (Eds.). Proceedings of ECIE 2011,The 6th European Conference on Entrepreneurship and Innovation, Robert Gordon University, Aberdeen, Scotland, UK, pp. 954-967.

15 Pages Posted: 28 Sep 2012 Last revised: 17 Jan 2014

See all articles by Saeid Karimi

Saeid Karimi

Bu-Ali Sina University

Harm J. A. Biemans

Wageningen University and Research Centre (WUR) - Education and Competence Studies

Thomas Lans

Wageningen University and Research Centre (WUR) - Education and Competence Studies

Zahra Arasti

University of Tehran - Faculty of Entrepreneurship

Mohammad Chizari

Tarbiat Modares University

Martin Mulder

Wageningen University and Research Centre (WUR) - Education and Competence Studies

Date Written: September 27, 2012

Abstract

Entrepreneurship is considered to be an important driver for economic growth. Entrepreneurial intention is, based on the literature, suggested to be a predictor of future entrepreneurial behaviour. Entrepreneurial intention is influenced by several factors including entrepreneurial characteristics. Several studies have examined the relationship between entrepreneurial characteristics and success entrepreneurs. However, there is very little research available on personality factors that drive students’ intentions to start a new business. This study investigates the effect of entrepreneurial characteristics of students at Iranian universities on their entrepreneurial intentions. A survey instrument was designed to measure entrepreneurial intentions as dependent variable as well as entrepreneurial characteristics including need for achievement, risk-taking propensity, innovativeness, self-efficacy and need for independence as independent variables. The sample of 346 students included students studying business, agriculture, and engineering at seven established universities at both graduate and undergraduate levels. Structural Equation modelling (SEM) was employed to test causal relationships among independent and dependent variables. The results indicate that entrepreneurial intention is significantly influenced by entrepreneurial self-efficacy and need for achievement. However, risk taking propensity and need for independence. do not have a direct significant impact on students’ entrepreneurial intentions. Furthermore, the results show that the effect innovativeness is mediated by entrepreneurial self-efficacy. The results of the study provide educators, administrators and policy makers inside and outside universities valuable insights with respect to entrepreneurship education. It may serve students better by increasing its focus on entrepreneurial self-efficacy and need for achievement.

Keywords: Entrepreneurial intention, Entrepreneurial characteristics, University students, Iran

JEL Classification: M13

Suggested Citation

Karimi, Saeid and Biemans, Harm J. A. and Lans, Thomas and Arasti, Zahra and Chizari, Mohammad and Mulder, Martin, Application of Structural Equation Modelling to Assess the Effect of Entrepreneurial Characteristics on Students’ Entrepreneurial Intentions (September 27, 2012). H. Fulford (Eds.). Proceedings of ECIE 2011,The 6th European Conference on Entrepreneurship and Innovation, Robert Gordon University, Aberdeen, Scotland, UK, pp. 954-967.. Available at SSRN: https://ssrn.com/abstract=2152932 or http://dx.doi.org/10.2139/ssrn.2152932

Saeid Karimi (Contact Author)

Bu-Ali Sina University ( email )

Bl. Pajouhesh
Hamedan, Hamedan 6706KN
Iran

Harm J. A. Biemans

Wageningen University and Research Centre (WUR) - Education and Competence Studies

P.O. Box 8130
6700 HB Wageningen
Netherlands

Thomas Lans

Wageningen University and Research Centre (WUR) - Education and Competence Studies ( email )

P.O. Box 8130
6700 HB Wageningen
Netherlands

Zahra Arasti

University of Tehran - Faculty of Entrepreneurship

Farshi Moghadam (16 St.), North Kargar Ave., Tehr
Tehran, Tehran
Iran

Mohammad Chizari

Tarbiat Modares University ( email )

Iran

Martin Mulder

Wageningen University and Research Centre (WUR) - Education and Competence Studies ( email )

P.O. Box 8130
6700 HB Wageningen
Netherlands

Register to save articles to
your library

Register

Paper statistics

Downloads
197
Abstract Views
928
rank
156,888
PlumX Metrics