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Entrepreneurial characteristics amongst university students: insights for understanding entrepreneurial intentions amongst youths in a developing economy

Ayodotun Stephen Ibidunni (Department of Business Management, Covenant University, Ota, Nigeria) (Center for Economic Policy and Developmental Research, Covenant University, Ota, Nigeria) (Center for Policy Research and Industry Linkages, Shaveh Consulting, Ota, Nigeria)
Dumebi Mozie (Department of Business Management, Covenant University, Ota, Nigeria)
Adebanji Wlliam A.A. Ayeni (Business Administration, Landmark University, Omu Aran, Nigeriaik)

Education + Training

ISSN: 0040-0912

Article publication date: 29 October 2020

Issue publication date: 30 December 2020

924

Abstract

Purpose

This study focussed on investigating the impact of entrepreneurial characteristics on the entrepreneurial intention of university students in Nigeria.

Design/methodology/approach

This research adopted a survey research design via a well-constructed questionnaire. The study's sample size consisted of 354 aspiring student entrepreneurs.

Findings

The result from the statistical analysis revealed that the entrepreneurial characteristics, especially risk tolerance, the need for achievement and the locus of control (LoC) significantly influence students' entrepreneurial intentions.

Research limitations/implications

One implication of this study is that risk tolerance has a positive influence on the ability to identify business opportunities. Thus, when persons pay adequate attention to tolerating risks, they have more chances of identifying business opportunities. Despite the valuable contribution made by this research, an important area of future research is to carry out investigations that use a more robust sample size and a multivariate analysis to identify the impact of entrepreneurial competencies on entrepreneurial intentions of university youths from a cross-country perspective amongst developing economies.

Originality/value

There are very little understanding and empirical evidence about how the entrepreneurial characteristics of the youths, especially those in the formal university system of developing countries like Nigeria, can determine and direct their intentions to venture into entrepreneurship endeavours. This study, therefore, undertakes an interventionist role to investigate the relationship between entrepreneurial characteristics and entrepreneurial intentions of university students in Nigeria.

Keywords

Citation

Ibidunni, A.S., Mozie, D. and Ayeni, A.W.A.A. (2021), "Entrepreneurial characteristics amongst university students: insights for understanding entrepreneurial intentions amongst youths in a developing economy", Education + Training, Vol. 63 No. 1, pp. 71-84. https://doi.org/10.1108/ET-09-2019-0204

Publisher

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Emerald Publishing Limited

Copyright © 2020, Emerald Publishing Limited

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