Open Access

Fostering sustainable entrepreneurial intention: the role of institutional factors


Cite

Agu, A.G., Kalu, O.O., Esi-Ubani. C. O., & Agu, P.C. (2021). Drivers of sustainable entrepreneurial intentions among university students: an integrated model from a developing world context. International Journal of Sustainability in Higher Education, 22(3), 659-680. https://doi.org/10.1108/IJSHE-07-2020-0277.Search in Google Scholar

Ahmad. N.H., Rahman, S.A., Rajendran, N.L.K.A., & Halim. H.A. (2020). Sustainable entrepreneurship practices in Malaysian manufacturing SMEs: the role of individual, organisational and institutional factors. World Review of Entrepreneurship, Management and Sustainable Development, 16(2), 153-171. https://doi.org/10.1504/WREMSD.2020.105986.Search in Google Scholar

Ajzen, I. (1991). The theory of planned behaviour. Organizational Behavior and Human Decision Processes, 50(2), 179-211.https://doi.org/10.1016/0749-5978(91)90020-T.Search in Google Scholar

Ali, R. (2019). Sustainable Entrepreneurship: Where Are We? https://news.uthm.edu.my/en/2019/07/sustainable-entrepreneurship-where-are-we/Search in Google Scholar

Argade, P., Salignac, F., & Barkemeyer, R. (2021). Opportunity identification for sustainable entrepreneurship: Exploring the interplay of individual and context level factors in India. Business Strategy and the Environment, 30(8), 3528-3551. https://doi.org/10.1002/bse.2818.Search in Google Scholar

Arru, B. (2020). An integrative model for understanding the sustainable entrepreneurs’ behavioural intentions: An empirical study of the Italian context. Environment, Development and Sustainability, 22, 3519-3576. https://doi.org/10.1007/s10668-019-00356-x.Search in Google Scholar

Bellver, D.O., P´erez-Campos, C., Gonz´alez-Serrano, M.H., Martínez-Rico, G. (2022). Towards the development of future sustainable sports entrepreneurs: An asymmetric approach of the sports sciences sustainable entrepreneurial intentions. Journal of Hospitality, Leisure, Sport & Tourism Education, 31, 100403. https://doi.org/10.1016/j.jhlste.2022.100403.Search in Google Scholar

Belz, F.M., & Binder, J.K. (2015). Sustainable entrepreneurship: a convergent process model. Business Strategy and the Environment, 24(1), 1-17. https://doi.org/10.1002/bse.1887.Search in Google Scholar

Breuer, A., & Leininger, J., Malerba, D., & Tosun, J. (2023). Integrated policymaking: Institutional designs for implementing the sustainable development goals (SDGs). World Development, 170, 106317. https://doi.org/10.1016/j.worlddev.2023.106317.Search in Google Scholar

Busenitz, L.W., Gomez, C., & Spencer, J.W. (2000). Country institutional profiles: Unlocking entrepreneurial phenomenon. Academy of Management Journal, 43(5), 994-1003. https://doi.org/10.2307/1556423.Search in Google Scholar

Chee, W.L., & Nordin, N. (2020). Green entrepreneurial intention of MBA students: A Malaysian study. International Journal of Industrial Management, 5(1), 38-55. https://doi.org/10.15282/ijim.5.0.2020.562.Search in Google Scholar

Cohen, B., & Winn, M.I. (2007). Market imperfections, opportunity and sustainable entrepreneurship. Journal of Business Venturing, 22(1), 29-49. https://doi.org/10.1016/j.jbusvent.2004.12.001Search in Google Scholar

Cohen, J. (1988). Statistical Power Analysis for the Behavioral Science (2nd Ed). Hillsdale, NJ: Lawrence Erlbaum Associates.Search in Google Scholar

Dantas, J.G.L, Moreira, A.C., & Valente, F.M. (2015). Entrepreneurship and national culture: How cultural differences among countries explain entrepreneurial activity. In L. Carvalho (Ed.), Handbook of Research on Internationalization of Entrepreneurial Innovation in the Global Economy (pp. 1–19). Hershey, PA: IGI Global. https://doi.org/10.4018/978-1-4666-8216-0.ch001.Search in Google Scholar

de Sousa Jabbour, A.B.L., Ndubisi, N.O., & Seles, B.M.R.P. (2020). Sustainable development in Asian manufacturing SMEs: Progress and directions. International Journal of Production Economics, 225, 107567. https://doi.org/10.1016/j.ijpe.2019.107567.Search in Google Scholar

Dean, T.J., & McMullen, J.S. (2007). Towards a theory of sustainable entrepreneurship: reducing environmental degradation through entrepreneurial action. Journal of Business Venturing, 22(1), 50-76. https://doi.org/10.1016/j.jbusvent.2005.09.003.Search in Google Scholar

Department of Statistics Malaysia. (2022). Micro, small & medium enterprises (MSMEs) performance 2021. https://www.dosm.gov.my/portal-main/release-content/micro-small-&-medium-enterprises-msmes-performance-2021.Search in Google Scholar

DiMaggio, P.J., & Powell,W.W. (1983). The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields. American Sociological Review, 48(2), 147-160.Search in Google Scholar

Ebdane, T.M.L. (2019). Entrepreneurial Intention Towards Sustainable Growth: The Case of Tourism MSMEs. DLSU Business & Economics Review, 28(3), 11-20.Search in Google Scholar

Elkington, J. (2004). Enter the triple bottom line. In A. Henriques and J. Richardson (Eds.), The Triple Bottom Line, Does It All Add Up? Assessing the Sustainability of Business and CSR, pp. 1-16. London: Earthscan.Search in Google Scholar

Fishbein, M., & Ajzen, I. (1975). Belief, Attitude, Intention and Behavior: An Introduction to Theory and Research. MA: Addison-Wesley.Search in Google Scholar

Fong, C.W., Yen, Y.Y., & Ramasamy, S. (2022). Sustainable entrepreneurship in SMEs. GATR Journal of Business and Economics Review, 7(1), 92-102. https://doi.org/10.35609/jber.2022.7.1.Search in Google Scholar

Fong, C.W., Yen, Y.Y., & Ramasamy, S. (2023). Sustainable entrepreneurship in Malaysian companies. Asian Economic and Financial Review, 13(2), 98-107. https://doi.org/10.55493/5002.v13i2.4708.Search in Google Scholar

Galleli, B., Semprebon, E., Santos, J.A.R.d., Teles, N.E.B., Freitas-Martins, M.S.d., & Onevetch, R.T.d.S. (2021). Institutional pressures, sustainable development goals and COVID-19: How are organisations engaging? Sustainability, 13, 12330. https://doi.org/10.3390/su132112330.Search in Google Scholar

Gast, J., Gundolf, K., & Cesinger, B. (2017). Doing business in a green way: A systematic review of the ecological sustainability entrepreneurship literature and future research directions. Journal of Cleaner Production, 147, 44-56. http://dx.doi.org/10.1016/j.jclepro.2017.01.065.Search in Google Scholar

Glover, J.L., Champion, D., Daniels, K.J., & Dainty, A.J.D. (2014). An institutional theory perspective on sustainable practices across the dairy supply chain. International Journal of Production Economics, 152, 102-111. http://dx.doi.org/10.1016/j.ijpe.2013.12.027.Search in Google Scholar

Gupta N., & Matharu. M. (2022). Examining the enablers of sustainable entrepreneurship - an interpretive structural modelling technique. Journal of Entrepreneurship in Emerging Economies, 14(5), 701-726. https://doi.org/10.1108/JEEE-10-2021-0416.Search in Google Scholar

Hair, J. F., Sarstedt, M., Hopkins, L., & G. Kuppelwieser, V. (2014). Partial least squares structural equation modeling (PLSSEM). European Business Review, 26(2), 106-121. https://doi.org/10.1108/EBR-10-2013-0128.Search in Google Scholar

Hami, N., Yamin, F.M., Shafie, S.M., Muhamad, M.R., & Ebrahim, Z. (2018). Sustainable manufacturing practices among SMEs in Malaysia. International Journal of Technology, 9(8), 1658-1667. https://doi.org/10.14716/ijtech.v9i8.2751.Search in Google Scholar

Henisz, W., Koller, T., & Nuttall, R. (2019). Five ways that ESG creates value. McKinsey Quarterly, November 2019, 1-12.Search in Google Scholar

Herold, M. H. (2018). Demystifying the link between institutional theory and stakeholder theory in sustainability reporting. Economics, Management and Sustainability, 3(2), 6-19. https://doi.org/10.14254/jems.2018.3-2.1.Search in Google Scholar

Hofstede, G. (1980). Culture’s Consequences: International Differences In Work-Related Values. Beverly Hills, CA: Sage Publications.Search in Google Scholar

Hosseininia, G., & Ramezani, A. (2016). Factors influencing sustainable entrepreneurship in small and medium-sized enterprises in Iran: A case study of food industry. Sustainability, 8, 1010. https://doi.org/10.3390/su8101010.Search in Google Scholar

Hulland, J. (1999). Use of partial least square (PLS) in strategic management research: A review of four recent studies. Strategic Management Journal, 20(2), 195–204. https://doi.org/10.1002/(SICI)1097-0266(199902)20:2<195::AID-MJ13>3.0.CO;2–7.Search in Google Scholar

Kassim, E.S., Zamzuri, N.H., Jalil, S.A., Salleh, S.M., Mohamad, A., & Rahim, R.A. (2022). A social innovation model for sustainable development: A case study of a Malaysian entrepreneur cooperative (KOKULAC). Administrative Sciences, 12, 103. https://doi.org/10.3390/admsci12030103.Search in Google Scholar

Kennedy, J., Drennan, J., Renfrow, P., & Watson, B. (2003). Situational Factors and Entrepreneurial Intentions. Proceedings of the 16th Annual Conference of Small Enterprise Association of Australia and New Zealand, Ballarat, Australia.Search in Google Scholar

Kotabe, M., Jiang, C., & Murray, J. (2017). Examining complementary effects of political networking capability with absorptive capacity on EMFs’ innovative performance. Journal of Management, 43(4): 1131-1156. https://doi.org/10.1177/0149206314548226.Search in Google Scholar

Krejcie, R. V., & Morgan, D. W. (1970). Determining sample size for research activities. Educational and Psychological Measurement, 30, 607-610. https://doi.org/10.1177/001316447003000308.Search in Google Scholar

Kuckertz, A., & Wagner, M. (2010). The influence of sustainability orientation on entrepreneurial intentions: Investigating the role of business experience. Journal of Business Venturing, 25(5), 524-539. https://doi.org/10.1016/j.jbusvent.2009.09.001.Search in Google Scholar

Kummitha, H.R., Kummitha, R.K.R. (2021). Sustainable entrepreneurship training: A study of motivational factors. The International Journal of Management Education, 19, 100449. https://doi.org/10.1016/j.ijme.2020.100449.Search in Google Scholar

Lee, D., Fu, Y., Zhou, D., Nie, T., & Song, Z. (2022). Is there a missing link? Exploring the effects of institutional pressures on environmental performance in the Chinese construction industry. International Journal of Environmental Research and Public Health, 19, 11787. https://doi.org/10.3390/ijerph191811787.Search in Google Scholar

Liñán, F., & Chen, Y.W. (2009). Development and cross-cultural application of a specific instrument to measure entrepreneurial intentions. Entrepreneurship Theory and Practice, 33(3), 593-617. https://doi.org/10.1111/j.1540-6520.2009.00318.x.Search in Google Scholar

Mansouri, S., & Momtaz, P.P. (2022). Financing sustainable entrepreneurship: ESG measurement, valuation, and performance. Journal of Business Venturing, 37, 106258. https://doi.org/10.1016/j.jbusvent.2022.106258.Search in Google Scholar

Mendes, A.C.S., Ferreira, F.A.F., Kannan, D., Ferreira, N.C.M.Q.F., & Correia, R.J.C. (2022). A BWM approach to determinants of sustainable entrepreneurship in small and medium-sized enterprises. Journal of Cleaner Production, 371, 133300. https://doi.org/10.1016/j.jclepro.2022.133300.Search in Google Scholar

Miska, C., Szőcs, I., & Schiffinger, M. (2018). Culture’s effects on corporate sustainability practices: A multi-domain and multi-level view. Journal of World Business, 53, 263-279. https://doi.org/10.1016/j.jwb.2017.12.001.Search in Google Scholar

Mohua, M.J., & Yusoff. W.F.W. (2021). Are institutional pressures influencing on sustainable business performance in the RMG industries of Bangladesh? Advances in Economics, Business and Management Research, 184, 95-98.Search in Google Scholar

Muñoz, P., & Cohen, B. (2018). Sustainable entrepreneurship research: Taking stock and looking ahead. Business Strategy and the Environment, 27(3), 300-322. https://doi.org/10.1002/bse.2000.Search in Google Scholar

Nassar, M.L., Soewu, F.O., Alarape, A., & Akinyemi, F.O. (2017). Social norms, sustainability orientation and sustainable entrepreneurship of small businesses in Ibadan, Oyo State, Nigeria. Ethiopian Journal of Environmental Studies & Management, 10(9), 1151-1166.https://ejesm.org/doi/v10i9.4.Search in Google Scholar

Nitu-Antonie, R.D., Feder, E-S., & Stamenovic, K. (2022). Incentives for sustainable entrepreneurial intentions of youth with higher education studies in Romania. Studia UBB Negotia, 67(1), 27-44. https://doi.org/10.24193/subbnegotia.2022.1.02.Search in Google Scholar

Nițu-Antonie, R.D., Feder, E-S., Nițu-Antonie, V., & György, R-K. (2023). Predicting sustainable entrepreneurial intentions among Romanian students: A mediated and moderated application of the entrepreneurial event model. Sustainability, 15(6), 5204. https://doi.org/10.3390/su15065204.Search in Google Scholar

Nuringsih, K., Nuryasman, M.N., Maupa, H., & Payangan, O.R. (2023). Understanding sustainable entrepreneurship study through bibliometric analysis (grounded theory). International Journal of Application on Economics and Business, 1(2), 793-804. https://doi.org/10.24912/ijaeb.v1.i2.793-804.Search in Google Scholar

O’Neill, G.D. Jr., Hershauer, J.C., & Golden, J.S. (2006). The cultural context of sustainability entrepreneurship. Green Management International, 55, 33-46. https://doi.org/10.9774/GLEAF.3062.2006.au.00005.Search in Google Scholar

Olsen, S.O., Tuu, H.H., & Tudoran, A.A. (2023). Comparing time focus with time importance for measuring future time perspectives in the context of pro-environmental values and outcomes. Frontiers in Psychology, 14, 945487. https://doi.org/10.3389/fpsyg.2023.945487.Search in Google Scholar

Peng, M.W., Wang, D.Y.L., & Jiang, Y. (2008). An institution-based view of international business strategy: A focus on emerging economies. Journal of International Business Studies,39, 920-936.Search in Google Scholar

Racelis, A.D. (2014). Sustainable entrepreneurship in Asia: A proposed theoretical framework based on literature review. Journal of Management for Global Sustainability, 2(1), 49-72.Search in Google Scholar

Ramayah, T., Taghizadeh, S. K., & Rahman, S. A. (2022). Shaping up the green entrepreneurial inclination among the university students. Asian Academy of Management Journal, 27(2), 59-81. https://doi.org/10.21315/aamj2022.27.2.4.Search in Google Scholar

Saji, B.S. (2004). Workforce diversity, temporal dimensions and team performance. Cross Cultural Management: An International Journal, 11(4), 40-59. https://doi.org/10.1108/13527600410797873.Search in Google Scholar

Sanchez-Hernandez, M.I., Dorado-Mayorga, E., Pereira-Alvarez, G.A., Osorio-Atehortua, U., Malavera-Pineda, S., & Montoya-Quintero, J.A. (2020). Sustainable entrepreneurship and new business models: A market research in Colombia. Revista de Administração da UFSM, 13(4), 875-894. https://doi.org/10.5902/1983465955278.Search in Google Scholar

Santika, I. W., Wardana, I. M., Setiawan, P. Y., & Widagda, I. G. N. J. A. (2022). Green Entrepreneurial Intention: A Survey of Students in Bali. Calitatea, 23(190), 105-112. https://doi.org/10.47750/QAS/23.190.12.Search in Google Scholar

Scott, W. R. (2001). Institutions and organizations (2nd ed.). Thousand Oaks/London/New Delhi: Sage.Search in Google Scholar

Sekaran, U., & Bougie, R. (2016). Research Methods for Business: A Skill Building Approach (7th Ed). West Sussex, UK: John Wiley & Sons.Search in Google Scholar

Sengupta.S (2021, Jan 12). The relevance of sustainable development goals (SDGs) for companies. Seventeen Goals Magazine. Retrieved from https://www.17goalsmagazin.de/en/the-relevance-of-the-sustainable-development-goals-sdgs-for-companies/.Search in Google Scholar

Shahid, M.S., Hossain, M., Shahid, S., & Anwar, T. (2023). Frugal innovation as a source of sustainable entrepreneurship to tackle social and environmental challenges. Journal of Cleaner Production, 406, 137050. https://doi.org/10.1016/j.jclepro.2023.137050.Search in Google Scholar

Sher, A., Abbas, A., Mazhar, S., Azadi, H., & Lin, G. (2020). Fostering sustainable ventures: Drivers of sustainable start-up intentions among aspiring entrepreneurs in Pakistan. Journal of Cleaner Production, 262, 121269. https://doi.org/10.1016/j.jclepro.2020.121269.Search in Google Scholar

Shibin, K.T., Dubey, R., Gunasekaran, A., Hazen, B., Roubaud, D., Gupta, S., & Foropon, C. (2020). Examining sustainable supply chain management of SMEs using resource based view and institutional theory. Annals of Operations Research, 290, 301-326. https://doi.org/10.1007/s10479-017-2706-x.Search in Google Scholar

Simpong, D.B., Rahim, M.A., & Zulkefli, N.S. (2022). The sustainability entrepreneurship in adaptive resilience among indigenous community in Malaysia. GeoJournal of Tourism and Geosites, 42(2spl), 794-803. https://doi.org/10.30892/gtg.422spl20-891.Search in Google Scholar

Subramaniam, N., Akbar, S., Situ, H., Ji, S., & Parikh, N. (2023). Sustainable development goal reporting: Contrasting effects of institutional and organisational factors. Journal of Cleaner Production, 411, 137339. https://doi.org/10.1016/j.jclepro.2023.137339.Search in Google Scholar

Tankard, M.E., & Paluck, E.L. (2016). Norm perception as a vehicle for social change. Social Issues and Policy Review, 10(1), 181-211. https://doi.org/10.1111/sipr.12022.Search in Google Scholar

Thelken, H.N., & Jong, G.d. (2020). The impact of values and future orientation on intention formation within sustainable entrepreneurship. Journal of Cleaner Production, 266, 122052. https://doi.org/10.1016/j.jclepro.2020.122052.Search in Google Scholar

Trompenaars, F., & Hampden-Turner, C. (1998). Riding the Waves of Culture: Understanding Cultural Diversity in Business (2nd Ed). New York, NY: McGraw Hill.Search in Google Scholar

Wagner, M., & Schaltegger, S. (2010). Classifying entrepreneurship for the public good: Empirical analysis of a conceptual framework. Journal of Small Business & Entrepreneurship, 23(3), 431-443. https://doi.org/10.1080/08276331.2010.10593494.Search in Google Scholar

Yadav, N., Gupta, K., Rani, L., & Rawat, D. (2018). Drivers of sustainability practices and SMEs: A systematic literature review. European Journal of Sustainable Development, 7(4), 531-544. https://doi.org/10.14207/ejsd.2018.v7n4p531.Search in Google Scholar

Ye, Q., Zhou, R., Anwar, M.A., Siddiquei, A.N., & Asmi, F. (2020). Entrepreneurs and environmental sustainability in the digital era: Regional and institutional perspectives. International Journal of Environmental Research and Public Health, 17, 1355. https://doi.org/10.3390/ijerph17041355.Search in Google Scholar

Yoo, B., Donthu, N., & Lenartowicz, T. (2011). Measuring Hofstede’s five dimensions of cultural values at the individual level: Development and validation of CVSCALE. Journal of International Consumer Marketing, 23, 193-210. https://doi.org/10.1080/08961530.2011.578059.Search in Google Scholar

Zhai, Q., & Su, J. (2019). A perfect couple? Institutional theory and entrepreneurship research. Chinese Management Studies, 13(3), 616-644. https://doi.org/10.1108/CMS-07-2017-0194.Search in Google Scholar

Zhang, L., Fan, Y., Zhang, W., & Zhang, S. (2019). Extending the theory of planned behavior to explain the effects of cognitive factors across different kinds of green products. Sustainability, 11(15), 4222. https://doi.org/10.3390/su11154222.Search in Google Scholar