Factors that mentally shapes university students’ idea of entrepreneurial intention within the Ho Chi Minh metropolitan area: an application of azan’s theory of planned behavior and other notable research

Abstract

This paper’s main aim is examine the factors that mentally shapes university students’ idea of entrepreneurial intention within the Ho Chi Minh metropolitan area, the paper act as a comprehensive summary of the decades of research available on this topic but with a specific emphasis on psychology or mental characteristics, filtering out all economic or social factors while focusing purely on psychological or mental reasons. The study adopted the Theory of planned behavior (TPB), Entrepreneurial Event Model (EEM) and research on some statements about Entrepreneurial Intention in previous findings and used them as a theoretical framework. The data collection on students of many universities within the Ho Chi Minh metropolitan area was conducted with 328 usable responses. The data collected was analyzed using partial least squares structural equation modeling (PLS-SEM) with SmartPLS 4.0 software. The results present that there are 4 factors that positively affect the Entrepreneurial Intention in decreasing impact order: Attitude towards Self-employment, Perceived Behavioral Control, Risk Propensity and Subjective Norm while Self-efficacy show a negative impact to Entrepreneurial Intention. Additionally, the results also show that Entrepreneurial Education has no direct impact on Entrepreneurial Education but positively supported the mediating role of Self-efficacy in the relationship of the two variables