Modelling social entrepreneurial intention among university students in Bangladesh using value-belief-norm framework

Abstract

While the public sector authorities and governments struggle to ensure socioeconomic balance at all levels of society, social entrepreneurship is widely known as the optimum solution to societal issues, such as unemployment, social disparities, and ecological imbalances. Despite the fact that the younger generation holds the highest potential to be future social entrepreneurs, a few studies have been conducted to explore the factors that influence their social entrepreneurial intentions (SEI) in developing countries, such as Bangladesh. Furthermore, the empirical studies based on the value-belief-norm (VBN) theory for addressing SEI were scarce in the existing literature. The study aims to measure the influence of Altruistic Values (AV), Traditional Values (TV), Personal Normative Beliefs (NB), Awareness of Consequences (AC), Ascription of Responsibility (AR), Personal Norms (PN), and Social Norms (SN) on SEI implementation of the VBN framework. A combination of webbased and hardcopy surveys was used to collect data from 797 students of higher educational institutes in Bangladesh. The hypotheses and associations between the factors were statistically analysed using structural equation modelling. As a result, it was demonstrated that AV and TV had a notable influence on NB. Similarly, NB showed a significant positive impact on PN and AC, while AC and AR were reported to have a substantial influence on PN. Finally, PN and SN showed a strong impact on SEI. The holistic social entrepreneurship model proposed in this study should be effective for socioeconomic development by incorporating commercially feasible and sustainable principles. Overall, the study findings would assist researchers, current social entrepreneurs and organisations, educational institutes, government agencies, and individual potential entrepreneurs with accurate knowledge and insight to construct their strategies and efficiently pursue social ventures.

Modeling the intention and usage of organic pesticide control using value-belief-norm model

“…Biospheric, altruistic, and egoistic values are the three major types of values (Schwartz 1992). Beliefs encompass three elements: ecological worldview, awareness of consequences, and accepting responsibility (Naznen et al 2023). Personal norms are the only kind that was preliminarily identified as a pro-environmental norm in the original VBN theory.…”

Progressing Sustainable Development through Social Entrepreneurship: Modelling Intentional Predictors for Bangladesh Using the Value–Belief–Norm Model

“…Social entrepreneurship, characterized by non-commercial and commercial activities with the potential to develop business prospects related to social welfare, emerged as an optimum solution for ecological imbalance, social disparities, and unemployment [1]. Social entrepreneurship catalyses development and change, creates social value, and hence represents a rapidly extending field of policy development, practice, and academic research [2].…”

“…Social entrepreneurship catalyses development and change, creates social value, and hence represents a rapidly extending field of policy development, practice, and academic research [2]. As one of the most viable approaches to effectively address diverse environmental and social issues, social entrepreneurship is a countermeasure against discrimination while promoting economic growth [1]. According to Tiwari et al (2017) [3], social entrepreneurship is considered a promising avenue to address 'social exclusion' and resolve cultural, social, and environmental problems by forwarding innovative and sustainable solutions through social entrepreneurs, who are consistently bringing profound social change and generating economic value to ensure financial viability across developed and developing nations.…”

“…According to Tiwari et al (2017) [3], social entrepreneurship is considered a promising avenue to address 'social exclusion' and resolve cultural, social, and environmental problems by forwarding innovative and sustainable solutions through social entrepreneurs, who are consistently bringing profound social change and generating economic value to ensure financial viability across developed and developing nations. Social entrepreneurship is most relevant for developing nations, as such ventures allocate most of their resources to address social issues by employing a sustainable economic model [1].…”

“…However, knowledge regarding social entrepreneurship intention formation mechanisms is limited [7]. Moreover, factors influencing social entrepreneurial intentions for developing nations remain under researched [1,8]. The lack of research on social businesses in Bangladesh makes it difficult for potential and existing entrepreneurs, investors, experts, as well as policymakers to develop appropriate strategies for sustaining and expanding social businesses in the country [4].…”