Social entrepreneurship of small and medium-sized entrepreneurs in Thailand: influence of institutional environment, entrepreneurial passions, and entrepreneurial self-efficacy

Abstract

Purpose This study aims to examine the relationship between the institutional environment, entrepreneurial passion and entrepreneurial self-efficacy, which affect small- and medium-sized entrepreneurs’ social entrepreneurial intentions. Design/methodology/approach A self-administered survey was used to collect data from 600 owner-managers of tourism and hospitality businesses on the Khon Kaen-Nong Khai railway route. Structural equation modeling was used to test the hypotheses using a two-step modeling approach. Findings Normative and cognitive environments positively influence entrepreneurial passion. However, regulatory environment was not significantly related to entrepreneurial passion. Entrepreneurial passion relies on entrepreneurial self-efficacy, a major mechanism that creates social entrepreneurial intention. Interestingly, entrepreneurial self-efficacy fully mediated the relationship between entrepreneurial passion and intention. Originality/value This study provides an original contribution to social entrepreneurship in terms of the role of self-efficacy in mediating the relationship between entrepreneurial passion and intention. The findings enhance theoretical viewpoints and aid in the practical implementation of the roles of small- and medium-sized entrepreneurs in social enterprises, supporting the entrepreneurial sector.

The Effect of Entrepreneurship Education, and Social Environment on Entrepreneurial Interest With Self-Efficacy as a Mediating Variable

“…Furthermore, the Second Hypothesis is known that the Social Environment variable has a significant positive effect on Self Efficacy, the p-value of 0.158 (>0.05) and the t-value of 1.413 (<1.96) indicates an insignificant relationship. These results are not in line with previous research conducted by (Botha & Steyn, 2022;Chairat Rais & Ayu Rachmawati, 2019;Chiengkul et al, 2023;Gu et al, 2023;Morgan & Doku, 2023) with the results of their research which states that the Social Environment influences Self Efficacy. These results indicate that the better the Social Environment in entrepreneurship, it does not have an impact on Self-efficacy as a supporter of entrepreneurship.…”

Analyzing the Impact of Project-Based Learning on Student Entrepreneurship Readiness: A Structural Equation Modeling and Statistical Analysis in Higher Education

“…The findings of this study highlight the necessity of establishing self-efficacy in the context of entrepreneurship education to improve students' entrepreneurial readiness. This study in line with the [34] that entrepreneurial self-efficacy fully mediated the relationship between entrepreneurial passion and intention as well as student readiness.…”

“…With high self-efficacy, entrepreneurs are more likely to achieve higher levels of success. This study in line with [33] and [34] an entrepreneurial passion can encourage individuals to become entrepreneurs' activities that are in line with their values and interests, thereby increasing entrepreneurial self-efficacy. A deep understanding of entrepreneurship, referred to as entrepreneurial literacy, has a significant positive impact on individual self-efficacy in running a business venture.…”

How empathy and social entrepreneurial self-efficacy interact to affect social entrepreneurial intention: A polynomial regression with response surface analysis

“…This concept is rooted in the theory of self-efficacy of Bandura (1997), which proposed that self-efficacy is an integral component of behavioural intention. Previous studies widely acknowledged selfefficacy as a critical factor influencing the intention to start a business (Chiengkul et al, 2023;Loan et al, 2021;Maheshwari & Kha, 2022). When individuals possess high levels of confidence in their entrepreneurial skills and capabilities, they are more inclined to establish their own ventures.…”