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A Study On Entrepreneurial Attitude and The Influential Factors For Business Department Students in Technological Colleges/Universities in Taiwan
A Study On Entrepreneurial Attitude and The Influential Factors For Business Department Students in Technological Colleges/Universities in Taiwan
lai)*++'ms,-(hinet(net
Abstract
This study verifies an entrepreneurship attitude model and the influential factors
for .usiness department students at technology colleges and universities( This study is
.ased on a literature analysis and theory to construct the entrepreneurship attitude
model and the influential factors for students( Student personal characteristics are
adopted as independent varia.le" environment cognition as the intervening varia.le"
and attitude toard entrepreneurship as the dependent varia.le( The survey sample is
students studying in the .usiness department at &ational or /rivate Colleges and
Universities of Technology( 0ne thousand eighty!five copies of a survey 1uestionnaire
ere distri.uted ith --2 copies returned" of hich *3+ 1uestionnaires ere valid(
The responses ere analy4ed using stepise regression and %ISE5%( The results
indicated that student attitude toard entrepreneurship as affected .y environment
cognition and personal traits" hich indirectly affected attitude toard
entrepreneurship(
Key Words Attitude toward entrepreneurshipenvironmental cognitionpersonal traits.
2
1. Introduction
The entrepreneurial revolution has ta6en hold across the glo.e and has
undenia.ly impacted the orld of .usiness( The younger generation of the +2
st
century
is .ecoming the most entrepreneurial generation since the Industrial 5evolution(
A.out 7(8 million Americans are actively trying to start their on .usinesses today(
They are younger than age ,9 and nearly -): of ould!.e entrepreneurs are .eteen
the ages 2- and ,9( These e;plosive num.ers have come ith similar increases in the
field of entrepreneurship education <Donald" +))7=( In Taian" remar6a.le groth
and development in research in curricula and programs has occurred in the field of
entrepreneurship and ne!venture creation( Colleges and universities offer courses to
students to prepare for the future( According to this trend" e ought to understand
student needs for entrepreneurship studies(
The impact of entrepreneurship education has .een recogni4ed as one of the
crucial factors that help youths to understand and foster an Attitude toard
entrepreneurship <>orman" Fanlon ? @ing" 233*@ourils6y ? Aalstad" 233-=( The
attitude and 6noledge of entrepreneurship are li6ely to shape their inclination to start
their on .usiness in the future <Aang ? Aong" +))9=( Ae need to understand ho to
develop and nurture potential entrepreneurs hile they are still students in school( Ae
are e;ploring and confirming the factors that influence student attitude toard
entrepreneurship to help colleges and universities design and develop effective
entrepreneurial programs(
This study surveyed a sample of technological college and university students in
Taian to e;amine their attitude toard entrepreneurship and the main factors
affecting their attitude( Ae revieed the past literatures to construct the research
frameor6(
2. Literature review
There are various personal characteristics" cognitions" and social conditions that
affect an individualBs choice to pursue entrepreneurial activities <Carter" >artner"
>ateood and Shaver
Aang" 2332
Ai6ipedia" +))8
aspiration
need for
achievement and confidence( &euroticism is similar to characteristics such as locus of
control and ris6!ta6ing( 0penness to e;perience is similar to innovative and
independence characteristics( Therefore" adopting the Big!Five five personal traits to
measure the entrepreneurial personality is useful in e;amining entrepreneurial
characteristics(
Ta.le 2 The list of comparison of Big!Five personality and entrepreneur traits
Big!Five Type of
personality
/ersonality characteristic<s= The entrepreneur trait
Agreea.leness friendly
generous
helpful
dec
ent
trustorthy
Type!A .ehavior
human
relationship
Conscientiousness control
regulate
acting
spontaneously
>oal!direction
responsi.ility
E;traversion EnFoy .eing ith people
full
of energy
positive
emotions
action!
oriented
enthusiastic
challenge
attempt
need for
authority
aspiration
&eed for
achievement
confidence
7
n&euroticism Tendency to e;perience
negative feeling such as
an;iety
anger or depression(
locus of control
ris6!ta6ing
0penness to
E;perience
imaginative
creative
conventi
onal
independence
The environment is a comprehensive factor in influencing entrepreneurs to start
an enterprise( This includes economic" social culture and policy factors( The
environment affects individual entrepreneurial ill and a.ility( <>nyaaii ? Fogel"
2339=( According to past research" a nationBs entrepreneurial environment appeared at
the loest limitation" hich includes ta; and other incident factors( The
entrepreneurial environment includes all of the training and advisory services to any
person that creates a ne .usiness( >overnment organi4ations can offer training and
consultation services to improve the environment for starting enterprises( Therefore"
the environment affects the entrepreneurBs motivation and the entrepreneurBs
cognition of this environment ould affect the individualBs attitude toard
entrepreneurship( These factors affect the individualBs entrepreneurial .ehavior(
Entrepreneurial environmental factors are descri.ed in Ta.le +
Ta.le + The influential factors of entrepreneurial environmental
5esearcher Influential factors of entrepreneurial environmental
Scott ? Tomey
< 23--=
2( /redisposing Factors D roles of parents(
+( Triggering FactorsD see6ing Fo.s" unemployment and Fo.
alertness(
,( EnterpriseGs ideas(
Bird< 23--= 2( Society" policy and economic changes( +( changes of the mar6et(
,( rescind the control
Ju S( K < 233)= 2( $icroeconomic environment(
+( The society and political environment(
Chang K( S
< 2332=
2(Economic chance situationD Three items of economic chance
situation" such as fund supplying" supply of la.or and the mar6et
scale(
Aang H( E
< 2332=
2( >overnment policies +( The place of starting an enterprise ,(
Industrial structure( 9( $ar6et situation is 7( The fund and la.or( 8(
Attraction of human( *( Site of factory and products( -( The
or6force supply and policy sta.ility
Cai S( C < +))2= 2( The industrial structure changes( +( The economic change( ,(
The changes of the society( 9( The governmentGs sta.ility( 7( The
8
sta.ility of the political situation is 8( The changes of the la( *(
Changes of science and technology
3. ethodology
3.1 !ample
This survey included undergraduates in the .usiness management departments of
technological colleges and universities in Taian( The sample si4e consists of -2+
undergraduate students in Taian" hich represents a *,
Costa
$cCrae" 23-8
and
Cai
+))2
+2
++
+, (**
>oal direction 8 2)
2+
2,
27
2-
23 (-)
&eed for
achievement
9 +7
+8
+*
+- (*,
%ocus of
control
, +)
,,
9* (7-
Creating
thin6ing
+ 92
98 (89
/ersonality traits relia.ility Cron.ach M (-,
Family
environment
, 2
, (*)
Education
environment
9 9
* (-+
Social
environment
9 -
22
2+
2, (*8
Economic
environment
, 3
2)
29 (*9
Environmental cognition relia.ility Cron.achBs M (-7
cognition 9 2
7 (-+
emotion 7 27
28
2*
2-
23 (--
motivation 7 2+
29
+)
+2
++ (-*
Behavior
intendance
* 2,
+,
+9
+7
+8
+*
+- (-3
Attitude toard entrepreneurship relia.ility Cron.achBs M (39
$. &ata analysis and results
-
$.1 'esearch and data analysis
Ae conducted regression and structural e1uation models <SE$= in this research(
0Ur research model included to independent varia.les and one dependent( The
dependent varia.le as the attitude toard entrepreneurship( Environmental cognition
and personal traits ere the independent varia.les( Ae conducted regression analysis
to test the efficiency among the varia.les(
Ae conducted structural e1uation models <SE$= to test our research model( This
is a general method for determining if the theoretical models fit the empirical data(
The general SE$ model can .e divided in to su.modelsD a measurement model and
a structural model( The measurement model defines relations .eteen the o.served
and the uno.served varia.les" and it specifies the manner .y hich each measure
loads on a particular factor( In contrast" the structural model defines the relations
among the uno.served varia.les( It specifies the manner .y hich particular latent
varia.les directly or indirectly influence( Ae used the SE$ to identify the relations
and influence among attitude toard entrepreneurship" environmental cognition and
personal traits(
$.2 'egression analysis
Ae applied regression analysis to estimate if the environmental cognition and
personal traits ere predictors of attitude toard entrepreneurship or not( As Ta.le 9
shos" the dependent varia.le is the attitude toard entrepreneurship and the
independent varia.les ere environmental cognition and personality traits( The results
supported that environmental cognition and personal traits ere significant predictors
of attitude toard entrepreneurship( Furthermore" environmental cognition is an
important predictor of attitude toard entrepreneurship( This could e;plain the
attitude toard entrepreneurship .etter than personality traits <.ased on AdFusted 5
+
=(
The parameter estimates <.ased on the N = shoed that environmental cognition and
personal traits ere positively and significantly related to attitude toard
entrepreneurship(
Ta.le 9 5esults of regression on Attitude toard entrepreneurship
Dependent Oaria.le
Independent varia.le
Attitude toard entrepreneurship
N SE 5
+
AdFusted 5
+
Environmental cognition (77+
()9* (,)7
(,)9
Environmental cognition
/ersonality traits
(987
()93 (,7+
(,7)
(+,9
()9+
p
()7<one!tailed test=
p
()2<one!tailed test=
3
p
())2<one!tailed test=
$.3 !tructural #(uation odel
$.3.1 )he model data fit
The structural e1uation model as descri.ed in Fig( 2 and Ta.le 7( The figure
descri.es the model and the ta.le shos its parameters( The SE$ analysis as
conducted using the %ISE5% program" .ased on the covariance matri; generated from
this sample( All of the relationships entered into the model ere significant" according
to a ma;imum li6elihood discrepancy function( This model as found to fit the data
chi!s1uare <nP,))=P ++7(,," >FIP )(-3" 5$SEAP ()--" &FIP )(3+" 5FIP )(-3" CFIP
)(39" and all parameters ere found to .e significant <p
&
7))
chi!s1uareP ++7(,, p
()7
>FIP )(-3
)(3
5$SEAP ()--
)(2
&FIP )(3+
)(3
5FIP )(-3
)(3
CFIP )(39
)(3
$.3.2 )he influence effects among the variables
According to theory of this research" the relations and the influence effects
among the Attitude toard entrepreneurship" environmental cognition and personal
traits are supposed .y the statistical result( The result in the Ta.le 8 shos that the
personality traits did not directly affect the attitude toard entrepreneurship
significantly <QP)(2," tP2(-*" pR ()7=" .ut the personality traits could directly affect
environmental cognition significantly <QP)(9*" tP9(33" pS ()7=( In addition"
environmental cognition could directly affect the attitude toard entrepreneurship"
and the coefficient as )(8) <QP(8)" t P7(*" pS ()7=(
The results sho that only the personal traits have indirect effects in this research
model( They could affect the attitude toard entrepreneurship through environmental
cognition( The indirect influence value is )(+-<)(9*T)(8)=(
2)
According to the a.ove research results personal traits ere directly influential
factors into the attitude toard entrepreneurship and environmental cognition(
Environmental cognition is a direct influential factor into the attitude toard
entrepreneurship( $oreover" personal traits are indirect influential factor on the
attitude toard entrepreneurship <)(+-U)(2,P)(92=(
Ta.le 8 The results of influence among the varia.les
varia.les Direct/indirect effect /ersonality traits Attitude toard
entrepreneurship
Attitude toard
entrepreneurship
Efficient value
Standard error
t!value
)(2,/)(+-
)()*/)()8
2(-*/9(*,
Total effect
Efficient value
Standard error
t!value
)(92V
)()*
7(9*
Environmental
cognition
Efficient value
Standard error
t!value
)(9*V
)()3
9(33
)(8)
)(2)
7(*)
22
/ersonal
traits
)(9-
)(77
FamilyBs
environment
)(8)
Fig 1 The structural e1uation model
)(*-
)(9*
Environment
!al cognition
Attitude toard
entrepreneurship
)(2,
Education
environment
)(*7
)(*,
)(8)
Education
environment
Education
environment
)(*)
)(-,
)(8-
Education
environment
Education
environment
Education
environment
Education
environment
)(
)(78
)(*9
)(**
)(9-
)(89
Creating
thin6ing
%ocus of
control
&eed of
Achievement
demand
>oal direction
Euman
relationship
2+
*. +onclusion and suggestions
This study tested an influential model on the attitude toard entrepreneurship(
The model as found to fit the data( $oreover" it as found that personal traits and
environmental cognition ere the important factors in entrepreneurship( /revious
research" such as carter et al( <+)),= and Aang ? Aong <+))9=" called for studies on
entrepreneurs and students ith similar factors that affected their entrepreneurial
interest and actions( Although there are some differences from previous research on
personal traits" the result of this research as confirmed .y the research of >nyaaii
? >ogel <2339=" and could .e e;plain .y BanduraBs Social %earning Theory( The
Social learning theory e;plains human .ehavior in terms of a continuous reciprocal
interaction .eteen cognitive" .ehavioral and environmental determinants(
Accordingly" the environmental cognition could affect the individual attitude toard
entrepreneurship( The personal traits could affect the attitude toard entrepreneurship
through environmental cognition(
According to the analysis result" the need for achievement" locus of control and
creative thin6ing are the most important characteristics for entrepreneurship( The
family" society" education and economic environment are also important factors( Ae
could enhance the attitude toard entrepreneurship in students at technological
colleges and universities through entrepreneurship education( Ae could supply
entrepreneurial 6noledge to students( Ae could also promote more entrepreneurial
actions and foster entrepreneurial personalities( Finally" e could provide some
suggestion as .elo(
We should encourage students to attend entrepreneurial competitions and
,oin wor-shops on entrepreneurship. )hey could get more information and
resources and add to their cognition of the environment. )here are two ways to
help students.
2( Ae could offer students more information via the school educational system( Ae
could promote students in the pursuit of achievement and innovation( The government
departments" enterprises" communities and social organi4ations are the suita.le
organi4ations for this assignment(
+( Eold relevant lectures and classes to help students understand policies" resources
and the entrepreneurial environment( Ae should teach them to analy4e the direction
and chances for entrepreneurship( This could increase student confidence a.out
entrepreneurship
We should foster student.s positive employment attitude to improve their
cognition of the environment and establish a foundation for entrepreneurship in
the future.
In accordance ith result of this research" the attitude toard entrepreneurship in
2,
undergraduates is affected .y the environment( If students have a more positive
employment attitude they ould to 6no a.out the environment for critical
occupations( The school should re1uest that students .e responsi.le" conscientious"
and pay attention to learning achievement and attend entrepreneurial directed
activities( Ahen students possess a good employment attitude" this ould increase
their attitude toard entrepreneurship(
29
'eferences
Big!Five personality traits( 0cto.er 9" +))8" form
httpD//e n(i6ipedia(org/i6i/BigWfiveWpersonalityWtraits
Bird" B(" <23--=( Implementing entrepreneurial ideas
Stoc6es" >(
S( <+))9=( The .ig five and venture survivalD Is there a lin6ageX Journal of
Business Venturing" 1<9=" 987!9-,(
Costa" /( T( Kr("
Taipei
+)))
StudentsB
career aspirations in relation to entrepreneurship( Journal of $mall Business
(anagement" )*<9=" 7!2,(
Tsai" E ( %(" <+))2=( &he relationship +etween /o+ characteristics, personality and /o+
satisfaction- $emi0conductor as E1ample( Unpu.lished masterBs thesis"
University of Central" Taoyuan" Taian((
Tsai" S( K(" <+))2=( A $tudy of Entrepreneur -ognition and Behavior "ntentionAn
Application of &heory of !lanned Behavior and $ocial -ognitive &heory(
Unpu.lished masterBs thesis" University of @aohsFung First of science and
technology" @aohsFung" Taian(
Aang" C( @("