Millennial social entrepreneurial intent and social entrepreneurial self-efficacy: a comparative entrepreneurship study

Abstract

Purpose The purpose of this study is to propose and test predictors of millennials’ social entrepreneurial intent (SEI), mediating mechanisms and influential contextual factors. Design/methodology/approach This study includes survey data from 1,890 respondents, 315 each from China, Mexico, Nigeria, Philippines, Russia and the USA. Findings Empirical results show that social entrepreneurial self-efficacy (SESE) mediated the relationship between perseverance and proactive personality and the dependent variable SEI in all six countries. Life satisfaction positively moderated this relationship among US students and negatively moderated it among Chinese students. In China dissatisfaction appears to enhance SEI, while in the US satisfaction appears to do so. Originality/value This paper identifies the mediating role of SESE and the moderating role of life satisfaction when explaining SEI, as well as providing data from millennials in six countries.

Pengaruh Efikasi Diri Kewirausahaan, Dukungan Sosial, dan Dukungan Edukasi terhadap Intensi Kewirausahaan Sosial pada Mahasiswa Perguruan Tinggi di Jakarta

“…Intensi kewirausahaan sosial adalah keinginan individu untuk menciptakan bisnis inovatif yang mampu memberikan solusi yang berkelanjutan untuk permasalahan sosial (Zhang et al, 2021). Hasil penelitian yang dilakukan Hockerts (2017) pada pelajar menunjukkan bahwa efikasi diri dan dukungan sosial menjadi variabel yang paling berpengaruh pada intensi kewirausahaan sosial dan terdapat hubungan positif dan signifikan terhadap minat berwirausaha (Nurhayati, 2019).…”

“…Intensi kewirausahaan sosial adalah kepercayaan, keinginan, dan tekad seorang individu untuk membangun usaha sosial yang baru (Tran & Von Korflesch, 2016). Usaha sosial tersebut akan menjadi bisnis inovatif dan mampu menghasilkan solusi berkelanjutan untuk menuntaskan masalah sosial (Zhang et al, 2021). Individu yang bertekad untuk mengetahui kebutuhan sosial pada masyarakat dan dapat menerapkan solusi yang berbeda untuk setiap permasalahan serta mampu menghasilkan pengembalian finansial merupakan individu yang memiliki intensi kewirausahaan sosial (Hossain, 2021).…”

Mediating Role of Entrepreneurial Self-Efficacy and Prosocial Tendency in the Relation Between College Students’ Post-traumatic Growth and Entrepreneurial Intention in the Post-COVID-19 Era

“…Self-efficacy theory states that people are motivated to make a certain move and can overcome potential difficulties only if they believe that they can accomplish it ( Bandura, 1999 ). Numerous empirical studies have revealed that entrepreneurial self-efficacy is a crucial predictive variable of entrepreneurial intention ( Wu et al, 2019 ; Li et al, 2020 ; Zhang et al, 2021 ). Furthermore, entrepreneurial self-efficacy significantly influences other behaviors such as entrepreneurial performance and entrepreneurial intention ( Elnadi and Gheith, 2021 ).…”

The Future of Social Enterprise Café in Malaysia: A Study on Millennials’ Perception and Intention

“…The majority of these were founded by millennial-aged individuals. According to previous study, those born between 1980 and 2000 are more apt to become social entrepreneurs (Zhang et al, 2021). Not only are millennials more inclined to participate in SE activities, but they are also more willing to support SEs (Aure et al, 2020).…”