The effects of personal abilities and self-efficacy on entrepreneurial intentions

Barriers Affecting the Passion and Entrepreneurial Intention of University of the ITSON

“…These findings confirm that university students have failed to overcome intrinsic barriers that are related to psychological factors, which consequently prevent them from focusing deeply on the ability to create, develop, and invent ideas that lead to entrepreneurship (H1a, H1b y H1c). These findings are aligned with the planned behavior theory and cognitive theory (Ajzen, 1991;Kautonen, van Gelderen, & Fink, 2015;Begley, 1995) and with most empirical studies (Miller & Le Breton-Miller, 2017;Robertson et al, 2003;Rosique-Blasco et al, 2018). In this same context, but with a positive direction, we find that entrepreneurial (creative) passion has an important effect on entrepreneurial intention (H3a), which allows inferring that ITSON university students put a greater emphasis on their creativity for the development of entrepreneurial ideas.…”

“…In this same context, but with a positive direction, we find that entrepreneurial (creative) passion has an important effect on entrepreneurial intention (H3a), which allows inferring that ITSON university students put a greater emphasis on their creativity for the development of entrepreneurial ideas. These findings are aligned with the psychological theories of planned behavior and with various empirical studies (Kautonen et al, 2015;Kautonen, van Gelderen, & Tornikoski, 2013;Mitchell et al, 2007;Rosique-Blasco et al, 2018). However, our study has not been able to empirically verify that external barriers have any significant effect mainly on entrepreneurial passion and, to some extent, on entrepreneurial intentions.…”

“…Among the most prominent are the internal ones: these barriers are associated with socio-logical aspects (gender, age, distrust-locus control) (Din, Anuar, & Usman, 2016;Mueller & Thomas, 2001), demographic (family influence, poor training in entrepreneurship) (Zellweger, Sieger, & Halter, 2011), and socioeconomic (little access to financing) (Smith & Beasley, 2011), and external ones are associated with socio-cultural aspects, such as fear of failure and fear of economic environment situations (recession and financial crises) (Robertson, Collins, Medeira, & Slater, 2003; Rosique-Blasco, Madrid-Guijarro, & García-Pérez-de-Lema, 2018). There are some studies that relate the barriers of creativity with entrepreneurial intention, which point out that when there are greater barriers (fear of failure, locus control, and poor academic preparation in entrepreneurship), the entrepreneurial intention is negatively affected, this is mainly due to external factors, such as poor access to financing and macro-economic phenomena (Fatoki & Patswawairi, 2012;Rosique-Blasco et al, 2018). In this same direction, external barriers to the development of creativity, such as cultural prejudices and social paradigms, are factors that inhibit entrepreneurial intent (Ip, Liang, Wu, Law, & Liu, 2018;Yar et al, 2008).…”

“…Recent studies have shown that barriers to creativity (intrinsic and extrinsic), such as fear of failure, introversion, self-mistrust, low self-esteem, and social stereotypes, seriously affect the full development of entrepreneurial passion (create, invent, and develop) (Bhansing, Hitters, & Wijngaarden, 2018;Biraglia & Kadile, 2017). These factors have been limiting the creation of new ventures in the university context, which has led universities to adopt new business strategies that allow them to have graduate students with a greater culture and entrepreneurial passion (Liu & Gu, 2017;Rosique-Blasco et al, 2018). From the previous context, the following hypotheses are proposed (view Figure 1):…”

Modern Human Capital Management Trends in Russian SMEs

“…In recent studies, the authors argue that personal abilities and characteristics can impact their entrepreneurial intention through the effect caused by self-efficacy and attitude toward entrepreneurship. [11] posit that the entrepreneurial entry decision is also positively associated with self-confidence in entrepreneurial skills (perceived ability). Recently, authors also tend to be increasingly concerned with the contribution of entrepreneurship education and training into effective human capital formation.…”