Title: Socio, economic and psychological determinants of entrepreneurial intentions: a structural equation model

Authors: R. Murugesan; P.D.D. Dominic

Addresses: Department of Humanities, National Institute of Technology, Tiruchirappalli – 620015, India ' Department of Computers and Information Science, Universiti Teknologi Petronas, 31750, Tronoh, Perak, Malaysia

Abstract: Our first main objective is to introduce the new socioeconomic concept of social capital (Lin, 2003), within intention model of Theory of Planned Behaviour (TPB), to study its influence on the individual's firm-creation potential. Our second main objective is testing whether perceived social valuation of entrepreneurship and perceived personal skills have any significant impact on the entrepreneurial intention. By solely concentrating on the components that make up the TPB, we facilitate comparisons with previous research. Therefore, four components in attitude and four components in perceived behavioural control (PBC) have been included in the study. Measurement of all constructs has been done with the help of questionnaires which have good statistics support. Results from this research may also have very important consequences for entrepreneurship education.

Keywords: theory of planned behaviour; TPB; perceived behavioural control; PBC; social capital; entrepreneurial skills; entrepreneurial intentions; personal attraction; social determinants; economic determinants; psychological determinants; entrepreneurship education; structural equation modelling; SEM.

DOI: 10.1504/GBER.2014.065363

Global Business and Economics Review, 2014 Vol.16 No.4, pp.396 - 415

Received: 25 Apr 2013
Accepted: 15 Jul 2013
Published online: 31 Oct 2014 *

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