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*** Professor, Director Stewart Satter Program in Social Entrepreneurship, NYU Stern School of Business kickuljr@muohio.edu
Acknowledgments: Dr. Bjrn Willy mo, Bode Graduate School of Business (Norway) ; Dr. Anatoliy Steshin, Baltic State Technical University, St. Petersburg (Russia); Administration of the Helsinki School of Economics (Finland).
Caen 2008
Science to Market
Intentions
Caen 2008
Science to Market
Entrepreneurial Intentions Research Guided By: (1) Shapero & Sokols (1982) model of the entrepreneurial event (SEE); (2) Ajzens (1991) theory of planned behaviour (TPB)
Intentions
Caen 2008
Science to Market
Caen 2008
Science to Market
Caen 2008
Science to Market
Intentions
Caen 2008
Science to Market
Caen 2008
Science to Market
Attitude
Subjective Norms
Caen 2008
Science to Market
Models Specification
Desirability (se)= F ( A (se), SN (se) ) Feasibility (su)= F ( SN (se), PBC (se/su) ) Intentions (se)= F( D (se), F (se) )
Desirability (su)= F (A( se), SN (se) ) Feasibility (su) = F ( SN (se), PCB (se/su) ) Intentions (su) = F (D (se), F (se) ) Desirability (su)= F (A( se), SN (se) ) Feasibility (su) = F ( SN (se), PCB (se/su) ) Intentions (su) = F (D (su), F (su) ) (1)
(2)
(3)
Intentions
Caen 2008
Science to Market
Method
Data gathered from 528 business students: 317 Russian students from Baltic State Technical University 226 third year students (Bachelor Business Administration) 20 Master of Business administration students 76 second Master of Business degree Average age 21,5 years, 54% females 111 Norwegian students from Bode Graduate School of Business Third year Bachelor Business Administration program Average age 28 years, 45% females 100 Finnish respondents Undergraduates, Bachelor Business Administration program Average age 22 years, 43% females
Intentions
Caen 2008
Science to Market
Measures
Attitude toward self employment Gundry and Welsch (2001) I would rather own my own business than earn a higher salary employed by someone else Subjective norms Kolvereid (1996) My closest family think that I should pursue a career as selfemployed * To what extent do you care about what your closest family members think as you decide on whether or not to pursue a career as self-employed Perceived behavioral control Ajzen (2002),Tkachev and Kolvereid (1999) If I wanted to, I could easily become self-employed /start and run a business
Intentions
Caen 2008
Science to Market
Measures Continued
Desirability Kickul and Krueger (2004) How attractive is starting your own business/being selfemployed? Feasibility Kickul and Krueger (2004) How feasible would it be for you to start your own business/to become self-employed? Intentions Kolvereid (1996) and Krueger et al. (2000) How likely is it that you will pursue a career as selfemployee; I will probably start and run my own business one day.
Intentions
Caen 2008
Science to Market
Caen 2008
Science to Market
Root Mean Square Error of Approximation (RMSEA) = 0.17 90 Percent Confidence Interval for RMSEA = (0.15 ; 0.19) P-Value for Test of Close Fit (RMSEA < 0.05) = 0.00 Normed Fit Index (NFI) = 0.95 Non-Normed Fit Index (NNFI) = 0.89 Parsimony Normed Fit Index (PNFI) = 0.42 Incremental Fit Index (IFI) = 0.95 Relative Fit Index (RFI) = 0.88 Root Mean Square Residual (RMR) = 0.50 Standardized RMR = 0.18
Intentions
Caen 2008
Science to Market
Results
Desirability (se) = 0,57 A (se) + 0,35 SN (se) Feasibility (se) = 0,38 SN (se) + 0,46 PBC (se/su) Intentions (se) = 0,45 D (se) + 0,43 PBC (se/su)
Desirability (su) = 0,16 A (se) + 0,3011 SN (se) Feasibility (su) = 0,14 SN (se) + 0,14 PBC (se/su) Intentions (su) = 0,20 D (su) + 0,067 F (se) + 0,019 F (su)
Intentions
Caen 2008
Science to Market
Discussion
Test models of entrepreneurial intentions Multiple and competing explanations on the decision making process to launch a new venture Robust not only when participants from the 3 countries were analysed together, but also when separate analyses were carried out on respondents from each of the three countries
Intentions
Caen 2008
Science to Market
Discussion
As far as intention to become self-employed is concerned, the TPB and SEE models can be successfully integrated into one model Implications, Flash Eurobarometer But, start-up intentions Subjective norms not significant Role of Feasibility?
Intentions