Abstract
This research explores the influences of selfish personalities of the Dark Triad on start-up intention and motives based on a sample of 400 university students in Vietnam, discovering mixed effects of narcissism, psychopathy, and Machiavellianism. A high level of narcissism and Machiavellianism leads to high start-up intention. There is a negative relationship of Machiavellianism with pro-social motive and a positive association with selfish entrepreneurship. In addition, narcissism is positively associated with pro-social start-up motives. This study has found no effect of psychopathy but a positive link to selfish entrepreneurial motivation. Implications have been suggested for educators and investors.
Highlights
Entrepreneurship is substantially appreciated as an indispensable component of socioeconomic development, because it significantly contributes to economic survival and welfare, employment, and scientific advancement (McMullan et al, 1986; Obschonka et al, 2017)
Humanities, and hospitality higher education, there is a higher proportion of females than males so the gender structure of the sample is not far from the actual structure of university students in Vietnam (Nguyen, 2019)
Machiavellianism is the best predictor in the research model, because it has a significant predicted impact on startup intention, pro-social motives and selfish motives
Summary
Entrepreneurship is substantially appreciated as an indispensable component of socioeconomic development, because it significantly contributes to economic survival and welfare, employment, and scientific advancement (McMullan et al, 1986; Obschonka et al, 2017). The number of Vietnam start-up companies has skyrocketed for the last 10 years, and the country has earned the top 5 ecosystem position in the Southeast Asian region (Cento Ventures, 2021). This achievement is the result of the country’s economic development process and government support policies, such as “Support Innovative Start-up Ecosystem in Vietnam until 2025” National Program (ISEV) (Vietnam Ministry of Science & Technology, 2018). According to the ESP Investment Fund and Cento Ventures report, Vietnam ranks third in its people’s positive attitude towards entrepreneurship and the growth of creative entrepreneurial ecosystems in the Asian region (VnEconomy, 2021).
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