Entrepreneurial Intentions in Crisis: Shaping Through the Triad of Influence - Government, Education, and Environment

Abstract

Purpose: The COVID-19 outbreak’s effect on the world has been unparalleled, its consequences generated unpredictable behavioral changes in individuals’ perceptions, which can affect entrepreneurial activities. This paper aims to analyze the motivating factors, challenges, and youths' perspectives regarding factors that affect their intention to engage in entrepreneurial activities in Lebanon, a country dealing with one of the worst global economic and financial crises in the middle of the nineteenth century. Design/methodology/approach: Data were gathered from a valid sample of 992 university students as part of a quantitative approach to data collection that covered seven different districts in Lebanon. In order to analyze the contextual elements in connection to students’ intention to engage in entrepreneurial activity using planned behavior theory, a structural equation modelling was used. Findings: The results provide evidence that three experiences—attitude towards entrepreneurship, perceived behavioral control, and social norms— have a direct impact on the likelihood of future entrepreneurial initiatives. Nevertheless, the desire of students to be entrepreneur was not directly impacted by the support provided from the university, government and business environment. Theoretical and Practical Implications: Theoretical and practical implications can be made from this study’s results. Theoretically this study adds to the literature by examining different factors that may have an impact on enterpreneurial intention of university students during time of crisis. Practically, results found provide suggestions to policymakers to reassess the current policies and programs in order to encourage positive intentions towards entrepreneurship among Lebanese university students. Originality/ value: The examination of factors affecting entrepreneurial intention of university students in Lebanon is a first of its kind, which could be implied for further investigation.