A Binary Logistic Regression Model for Entrepreneurial Intention of Bachelor Business Administration Program in Management Rajamangala University of Technology Suvarnabhumi
Article Sidebar
Main Article Content
Abstract
This research aims to 1) classify students' entrepreneurial intentions and
2) predict students' entrepreneurial intentions. The study collected data using questionnaires from a sample of 276 undergraduate business administration students majoring in management. The data were analyzed using percentages, means, standard deviations, and logistic regression analysis. The findings revealed that in terms of entrepreneurial intention classification, most respondents were male (206 students, 74.6%), while female respondents accounted for 70 students (25.4%). After graduation, 39 students (14.1%) had no intention of becoming entrepreneurs, whereas 237 students (85.9%) intended to pursue entrepreneurship. Regarding individual factors: (1) Innovativeness was rated at a high level of satisfaction, with a mean score of 4.40 (= 4.40, SD = 0.53). (2) Risk-Taking was rated the highest, with a mean score of 4.52 (
= 4.52, SD = 0.51). (3) Internal Locus of Control was rated at a high level of satisfaction, with a mean score of 3.92 (
= 3.92, SD = 0.56). (4) Need for Achievement was rated at a high level of satisfaction, with a mean score of 3.98 (
= 3.98, SD = 0.47). (5) Family Background was rated at a high level of satisfaction, with a mean score of 3.99 (
= 3.99, SD = 0.42). The prediction analysis indicated that three variables significantly influenced entrepreneurial intention: innovativeness (Sig. = .000), risk-taking (Sig. = .034), and need for achievement (Sig. = .021), all of which had a positive effect at a significance level of 0.05. These findings suggest that students who intend to become entrepreneurs should develop these skills to increase their chances of success in entrepreneurship.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
References
Akhtar, S., Hongyuan, T., Iqbal, S., & Ankomah, F. Y. N. (2020). Impact of Need for Achievement on Entrepreneurial Intentions; Mediating Role of Self-Efficacy. Journal of Asian Business Strategy, 10(1), 114-121.
Astebro, T., & Thompson, P. (2011). Entrepreneurs, jacks of all trades or hobos? Research Policy, 40(5), 637–649.
Brinckmann, J., Grichnik, D., & Kapsa, D. (2010). Should entrepreneurs plan or just storm the castle? A meta-analysis on contextual factors impacting the business planning-performance relationship in small firms. Journal of Business Venturing, 25(1), 24–40. https://doi.org/10.1016/j.jbusvent.2008.10.007
Carland, J. W., Hoy, F., Boulton, W. R., & Carland, J. A. C. (2007). Differentiating entrepreneurs from small business owners: A conceptualization. Academy of Management Review, 9(2), 354–359.
Chlosta, S., Patzelt, H., Klein, S., & Dormann, C. (2012). Parental role models and decision to become self-employed: The moderating effect of personality. Small Business Economics, 38, 121–138.
Douglas, E. J., & Shepherd, D. A. (2002). Self-employment as a career choice: Attitudes, entrepreneurial intentions, and utility maximization. Entrepreneurship Theory and Practice, 26(3), 81–90.
Drennan, J., Kennedy, J., & Renfrow, P. (2005). Impact of childhood experiences on the development of entrepreneurial intentions. International Journal of Entrepreneurship & Innovation, 6(4), 231–238.
Drucker, P. F. (1985).The discipline of innovation. Harvard Business Review, 63(3), 67–72.
Entrialgo, M., Fernández, E., & Vázquez, C. J. (2000). Psychological characteristics and process: The role of entrepreneurship in Spanish SMEs. European Journal of Innovation Management, 3(3), 137–149. https://doi.org/10.1108/14601060010334831
Farrukh, M., Alzubi, Y., Shahzad, I. A., Waheed, A., & Kanwal, N. (2018). Entrepreneurial intentions: The role of personality traits in perspective of theory of planned behavior. Asia Pacific Journal of Innovation and Entrepreneurship, 12(3), 399–414.
Frese, M. (2000). Toward a psychology of entrepreneurship: An action theory perspective. Foundations and Trends in Entrepreneurship, 5(6), 435-494.
Giones, F., & Brem, A. (2020). Revising entrepreneurial action in response to exogenous shocks: Considering the COVID-19 pandemic. Journal of Business Venturing Insights, 14, e00186. https://doi.org/10.1016/j.jbvi.2020.e00186
Gurel, E., Altinay, L., & Daniele, R. (2010). Tourism students' entrepreneurial intention. Annals of Tourism Research, 37(3), 646-669.
Gurol, Y., & Atsan, N. (2006). Entrepreneurial characteristics amongst university students: Some insights for entrepreneurship education and training in Turkey. Education and Training, 48(1), 25–38.
Henry, C., Hill, F., & Leitch, C. (2003). Developing a coherent enterprise support policy: A new challenge for governments. Environment and Planning C: Government and Policy, 21(1), 3–20.
International Monetary Fund. (2024). Annual report of the Executive Board. Secretary's Department. https://doi.org/10.5089/9798400279300.011
KASIKORNBANK.(2023). Annual report (Form 56-2).
https://market.sec.or.th/public/idisc/th/FinancialReport/R562-0000000022
Kier, A. S., & McMullen, J. S. (2020). Entrepreneurial imaginativeness and new venture ideation in newly forming teams. Journal of Business Venturing, 35, 106048. https://doi.org/10.1016/j.jbusvent.2020.106048
Kuckertz, A., Brändle, L., & Gaudig, A. (2020). Startups in times of crisis – A rapid response to the COVID-19 pandemic. Journal of Business Venturing Insights, 13, e00169. https://doi.org/10.1016/j.jbvi.2020.e00169
Kuckertz, A., Brändle, L., & Gaudig, A. (2022). Creative reconstruction: A structured literature review of the early empirical research on the COVID-19 crisis and entrepreneurship. Management Review Quarterly, 72(2), 281–307. https://doi.org/10.1007/s11301-021-00221-0
Kuratko, D. F. (2005). The emergence of entrepreneurship education: Development, trends, and challenges. Entrepreneurship Theory & Practice, 29, 577–598. https://doi.org/10.1111/j.1540-6520.2005.00099.x
Malhotra, N. K., & Dash, S. (2016). Marketing research an applied orientation. Pearson Publishing.
Maseedi, T., Laksitamas, P., Lekphaliphon, S., & Horungruang, C. (2018). Risk patterns and business capabilities affecting customer relationship management in the recycled waste market. Thammasat Journal, 37(2), 16–43.
McClelland, D. C. (1967). The achieving society. Free Press.
Meh, C. A. (2005). Entrepreneurship, wealth inequality, and taxation. Review of Economic Dynamics, 8(3), 688–719. https://doi.org/10.1016/j.red.2005.03.002 (Henry, Hill, & Leitch, 2003; Humphrey, 2003)
Ministry of Higher Education, Science, Research and Innovation. (2022). Annual report 2022. https://www.mhesi.go.th/index.php/all-media/book-
Nambisan, S. (2017). Digital entrepreneurship: Toward a digital technology perspective of entrepreneurship. Entrepreneurship Theory and Practice, 41(6), 1029–1055. https://doi.org/10.1111/etap.12254
Nambisan, S., Wright, M., & Feldman, M. (2019). The digital transformation of innovation and entrepreneurship: Progress, challenges and key themes. Research Policy, 48(8), 103773. https://doi.org/10.1016/j.respol.2019.103773
Office of the National Economic and Social Development Council. (2021). The Twelfth National Economic and Social Development Plan (2017-2021). Bangkok, Thailand: NESDC.
Office of the National Economic and Social Development Council. (2024). Bioeconomy, circular economy, and green economy development. https://shorturl.at/pU0W8
Phimpha, H. (2013). Values and consumer behavior of Thai people. Journal of Business Administration Faculty, 1, 22–26.
Radjou, N. (2019). The principles of frugal innovation: An interview with Navi Radjou: Navi Radjou talks with Jim Euchner about jugaad and frugal innovation and their place in corporate R&D. Research-Technology Management, 59(4), 13–20. https://doi.org/10.1080/08956308.2016.1185341
Radjou, N., Prabhu, J., & Ahuja, S. (2012). Jugaad innovation: Think frugal, be flexible, generate breakthrough growth. Jossey-Bass.
Schumpeter, J. A. (2008). The theory of economic development: An inquiry into profits, capital, credit, interest, and the business cycle (1934 ed.). Transaction Publishers.
Shane, S. (2003). A general theory of entrepreneurship. Edward Elgar. https://doi.org/10.4337/9781781007990
Shane, S., & Venkataraman, S. (2000). The promise of entrepreneurship as a field of research. Academy of Management Journal, 25(1), 217-226.
Shepherd, D. A., & Williams, T. A. (2022). Does it need to be broader or deeper? Trade-offs in entrepreneurship theorizing. Entrepreneurship Theory and Practice, 46(2), 255–268. https://doi.org/10.1177/10422587211007356
Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18(7), 509–533. https://doi.org/10.1002/(SICI)1097-0266(199708)18:7<509::AID-SMJ882>3.0.CO;2-Z
Thong-asa, N., Jungsuwadee, K., & Suksoem, T. (2022). Causal relationships between entrepreneurship, creativity, and organizational innovation affecting financial performance of small and medium-sized enterprises. Journal of MCU Peace Studies, 10(4), 1625–1638.
Vanichbuncha, K. (2008). Advanced statistical analysis using SPSS for Windows. Chulalongkorn University Press.
Vanichbuncha, K. (2011). Statistics for research (6th ed.). Thammasarn.
Wale, B. D., & Bishaw, K. S. (2020). Effects of using inquiry-based learning on EFL students’ critical thinking skills. Asian Journal of Second and Foreign Language Education, 5, 9. https://doi.org/10.1186/s40862-020-00090-2
Yamane, T. (1967). Statistics: An introductory analysis (2nd ed.). Harper & Row.
Zikmund, W. G., Babin, B. J., Carr, J. C., & Griffin, M. (2010). Business Research Methods (8th ed.). Canada: South Western Cengage Learning.
