The Impact of Access to Finance and Environmental Factors on Entrepreneurial Intention: The Mediator Role of Entrepreneurial Behavioural Control

• Published in: Entrepreneurial Business and Economics Review Vol. 8; no. 2; pp. 127 - 140
• Main Author: Nguyen, Thu Thuy
• Format: Journal Article
• Language: English
• Published: Krakow Uniwersytet Ekonomiczny w Krakowie 01-06-2020; Cracow University of Economics
• Subjects: Behavior; Business Economy / Management; Developing countries; Entrepreneurial finance; Entrepreneurs; Entrepreneurship; Geography, Regional studies; Higher Education; LDCs; Perceptions; Startups; Studies; Theory; University students; Vietnam; SEM; entrepreneurial intention; access to finance; university environment; perceived behavioural control; perceived environment barriers
• ISSN: 2353-883X; 2353-8821
• DOI: 10.15678/EBER.2020.080207

Objective: The objective of the article is to test the direct and indirect impact of environmental and individual determinants on entrepreneurial intention with perceived entrepreneurial behavioural control as a mediating variable. Research Design Methods: A cross-sectional quantitative research was conducted using structural equation modelling analysis with a sample consisting of 635 students in 11 universities in Vietnam. Findings: The results reveal that perceived environmental factors are significantly related to students’ perceived entrepreneurial behavioural control so that entrepreneurial behavioural control becomes a mediator through which those environmental factors influence entrepreneurial intention. Access to finance is insufficient to influence entrepreneurial intention unless combined with entrepreneurial behavioural control. Implications Recommendations: The research findings have implications for policymakers in fostering graduates’ entrepreneurship in emerging countries. Contribution Value Added: The survey provides evidence supporting the theoretical arguments that exogenous factors affect perceived entrepreneurial behavioural control and impact entrepreneurial intention through the individual’s perceptions of behavioural control.