Predicting Entrepreneurial and Crowdfunding Intentions ‒ A Study of Romania and South Korea
Crowdfunding has recently gained ground as an alternative financing means, particularly for start-ups and risky enterprises. We hereby analyse Romanian and South Korean students’ intentions to use crowdfunding in their future ventures. Using PLS-SEM (N=441), we first investigated the influence of...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Editura ASE
2021-11-01
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| Series: | Amfiteatru Economic |
| Subjects: | |
| Online Access: | https://www.amfiteatrueconomic.ro/temp/Article_3053.pdf |
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| Summary: | Crowdfunding has recently gained ground as an alternative financing means, particularly for
start-ups and risky enterprises. We hereby analyse Romanian and South Korean students’
intentions to use crowdfunding in their future ventures. Using PLS-SEM (N=441), we first
investigated the influence of the Theory of Planned Behaviour variables- attitudes, social
norms, perceived behavioural control along with entrepreneurship education on
entrepreneurial intentions. In addition, we looked into the influence of perceived trust and
risk, performance expectancy, effort expectancy and facilitating conditions on crowdfunding
intentions. Finally, we checked entrepreneurial intentions with crowdfunding intentions. We
find that attitudes towards entrepreneurship, social norms, and entrepreneurial education
have a positive influence and perceived behavioural control have a negative influence on
entrepreneurial intentions. In terms of crowdfunding intentions, they were found to be
positively influenced by performance expectancy, perceived trust and risk and
entrepreneurial intentions. The results are useful both for educators designing higher
education programmes in the field of entrepreneurship, as well as for crowdfunding platform
owners in designing platform functionalities and image. |
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| ISSN: | 1582-9146 2247-9104 |