Publication Date: 2022/08/24
Abstract: Entrepreneurial intention is one such area of study that is well-established in the subject of entrepreneurship. As more information about this topic is learned, new questions about it also arise that must be answered. Investigating whether institutional factors and self-regulation influence entrepreneurial drives in the entrepreneurial field may be beneficial given that many researchers have claimed that entrepreneurship is influenced by a variety of factors and is mostly motivated by intents. The paper makes an effort to understand how institutional variables, self-regulation, and entrepreneurial intentions interact in the context of South Africa. The Global Entrepreneurship Monitor (GEM) which is available to the general public, served as the study's data source for South Africa from 2001 to 2019. The key findings point to a relatively substantial relationship between self-regulation and entrepreneur intentions. Self-regulation significantly influences entrepreneur intention more than any other factor. While informal institutions also boost entrepreneurship intention, the relationship between this occurrence and formal institutions, however, is not favourable. Demonstrating a weak and negative relationship to entrepreneurs’ intentions. This study adds to the body of knowledge on entrepreneurship and supports the significance of self-regulation with entrepreneur intentions in South Africa. The study’s findings indicate that a person's decision to become self-employed is often based on their assessment of their capacity to carry out their plans. It has significant ramifications for academics and decision-makers. Additional practical applications for education and development are provided by these findings.
Keywords: Entrepreneur Intentions, Institutions, SelfRegulation, South Africa, Social Entrepreneurship, Global Entrepreneurship Monitor (GEM).
DOI: https://doi.org/10.5281/zenodo.7017876
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT22AUG122.pdf
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