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NAVIGATING ENTREPRENEURIAL INTENTIONS IN THE DIGITAL AGE: INSIGHTS INTO SOCIAL NETWORKING AND SELF-EFFICACY DYNAMICS

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TL;DR

This study examines factors influencing entrepreneurial intentions among young individuals, finding that social norms and perceived networking competence positively impact intentions, while self-efficacy negatively moderates the effects of social media use and networking skills; social media usage alone has no direct effect.

Abstract
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This study investigates the factors influencing entrepreneurial intentions among young individuals. By building upon the theory of planned behavior, we conceptualize subjective norms, social media usage and perceived networking competencies as attitudes influencing entrepreneurial intentions. The data for the study were collected from a sample of 250 young individuals via an online survey by employing a purposive sampling method. The sample comprised 53 percent female respondents and 47 percent male respondents. Subsequently, the data was analyzed using the structural equation modeling (SEM) technique. Findings reveal that social norms and perceived networking competence positively affect entrepreneurial intentions, aligning with previous research. However, the study introduces a novel perspective by demonstrating that self-efficacy negatively moderates the relationship between social media usage, perceived networking competence and entrepreneurial intentions. Our study suggests that although digital technology plays a role in shaping entrepreneurial intentions, its effect may be more indirect than previously thought. This suggests that individuals with high self-efficacy may rely more on internal confidence than external factors in shaping their entrepreneurial aspirations. Contrary to expectations, social media usage was found to have no direct effect on entrepreneurial intentions. To enhance generalizability, future research should adopt a cross-cultural perspective. Additionally, longitudinal studies are needed to explore the evolving effect of self-efficacy on entrepreneurial outcomes, and further investigation into the complex interplay of networking competence, social norms and digital influences is warranted.

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This study applies the Theory of Planned Behavior to investigate the impact of personal attitudes towards entrepreneurship, social norms, and perceived behavioral control on students' entrepreneurial intentions. Conducted on a sample of 184 students in Croatia, the research study applies the practical adaptation of the TPB model so as to reflect the realistic context in which students develop their entrepreneurial intentions. The multiple regression analysis conducted in the study reveals that all the components of the theory positively and significantly affect entrepreneurial intentions. The most influential factor is perceived behavioral control, only to be followed by personal attitude and social norms. These findings enhance the understanding of the critical elements shaping students' entrepreneurial aspirations. Additionally, the study offers useful information for higher education institutions, helping them understand students' entrepreneurial behavior and guiding the development of targeted programs and internal policies. Ultimately, this research serves as a valuable resource for a broader academic community to help them design the strategies that promote students' entrepreneurial ambitions.

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