FACTORS AFFECTING ENTREPRENEURIAL INTENTION AND SOCIAL ENTREPRENEURSHIP INTENTION: A CONCEPTUAL MODEL

Abstract

Entrepreneurship, as well as social entrepreneurship, has been spotted as one of the important agendas in Malaysia due to its emergence in providing sustainable and equitable social and economic growth of the nation. Malaysians have recognized entrepreneurship as a good career choice for starting a business. However, Malaysia is still lacking the involvement of potential entrepreneurs and has been reported to have the lowest entrepreneurial intention as compared to other countries around the world. As intention formation in entrepreneurship sector having lack of response from Malaysians, similarly, social entrepreneurship sector may have several challenges and obstacles in attracting Malaysians to engage in this sector. Due to that, the study aims to highlight entrepreneurial intention as well as social entrepreneurship intention among students or graduates in higher education institutions in Malaysia. This study proposes a conceptual model of the intention formations which comprises the key factors such as self-efficacy and prior knowledge. This study is hopefully can support the existing studies which may not extensively explore entrepreneurial intention and social entrepreneurship intention in a comprehensive model.