Abstract
The aim of this paper is to present research on determinants of entrepreneurial intentions through the framework of the theory of planned behaviour and an individual innovative cognitive style. By employing the theory of planned behaviour, the authors evaluate how personal attitudes, subjective norms and perceived behavioural control can affect one’s intentions to become an entrepreneur. Additionally, the innovative cognitive style is tested as a potentially significant determinant of entrepreneurial intentions. A questionnaire survey was done using the sample of 330 bachelor and master students in economics and business from Slovenia. Research propositions were tested using linear hierarchical regression modelling. The results suggest that personal attitudes towards entrepreneurship, subjective norms and perceived behavioural control are positively related to one’s entrepreneurial intentions. The innovative cognitive style has also been found to be significant in creating one’s intention to become an entrepreneur. The paper extends the current knowledge on entrepreneurial intentions by analysing the exclusive and mutual influence of different factors recognised by the theory of planned behaviour and the innovative cognitive style on entrepreneurial intentions, as well as providing useful insights into antecedents of entrepreneurial intentions in the Slovenian context.
Highlights
Entrepreneurship is seen as a prominent leverage of economic growth and success
We propose that entrepreneurial intentions are under the positive influence of personal attitudes towards entrepreneurship, subjective norms and perceived behavioural control (R.P.1) and that the innovative cognitive style has a positive influence on entrepreneurial intentions (R.P.2)
Motivated by the need to explore determinants of entrepreneurial intention in Slovenia, the present research study can be seen as a beneficial resource for academics and practitioners interested in the field of entrepreneurship
Summary
Entrepreneurship is seen as a prominent leverage of economic growth and success. Mitchell et al (2007) highlight that the entrepreneur addresses the essential task of the value-creation-driven opportunity identification. Entrepreneurship is determined by different economic and non-economic conditions. It is possible to distinguish three sets of factors. Those are: (1) personal characteristics of an individual including its socio-demographics and personality traits; (2) economic environment, including macroeconomic variables, industrial and financial market conditions; and (3) functioning of institutions and sociological variables, including formal institutions, the role of cultural values and social networks (Cuervo, 2005; Muhanna, 2007)
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