Analysing Nascent Entrepreneurs' Behaviour Through Intention-Based Models

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Miralles, Francesc
Riverola, Carla
Giones, Ferran
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Vivas, C

Lucas, F

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Santarem, Portugal


The extended societal interest in promoting entrepreneurship contrasts with the limited knowledge on the factors influencing entrepreneurial behaviour. Academics claim to widen the perspective to analyze those factors that can enhance the success in entrepreneurial behaviour. Following this aim, intention-based models have been developed to uncover the influential factors of entrepreneurship intention. However, prior empirical research on intention-models in entrepreneurship has mostly used university students' samples. According to McGee et al. (2009) students' samples possess limitations that could introduce a significant bias in the results (mainly due to their limited professional experience). The main contribution of this research lays in the refinement of intention-based models by providing a complementary work to Krueger et al. (2000). In this sense, the study follows a quantitative method in order to analyse a sample of 467 nascent entrepreneurs under the framework of two intention based models: Ajzen's Theory of Planned Behaviour and Shapero's Entrepreneurial Event. Due to the fact that the sample is not limited to university students, the results analysis offer a complementary understanding on the influencing factors for entrepreneurship behaviour Results support that both models are strongly homologous although the TPB offers a slightly higher R-2 of entrepreneurship intention. TPB's subjective norms and SEE's propensity to act constructs failed to add significant information to the model comparison. In addition, an analysis through some personal traits and situational variables of the respondents shows significant differences among the structural models of the subsets. Finally, this research provides valuable insights for governmental entities, training centres, entrepreneurship foundations, venture capitalists, and other consultants or advisors who should benefit from a better general understanding of how intentions are formed.

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Proceedings of the European Conference on Innovation and Entrepreneurship, Vols 1 and 2

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© The Author(s) 2012. This is the author-manuscript version of this paper. It is posted here with permission of the copyright owner(s) for your personal use only. No further distribution permitted. For information about this conference please refer to the conference’s website or contact the author(s).

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Business & Economics

entrepreneurship intention

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Miralles, F; Riverola, C; Giones, F, Analysing Nascent Entrepreneurs' Behaviour Through Intention-Based Models, Proceedings of the European Conference on Innovation and Entrepreneurship, Vols 1 and 2, 2012, pp. 482-491