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Drivers and inhibitors of entrepreneurship in Europe's Outermost Regions: Implications for entrepreneurship education
,
Brian Garrod
The International Journal of Management Education, Volume: 22, Issue: 2
Swansea University Author:
Brian Garrod
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© 2024 The Authors. This is an open access article under the CC BY-NC license.
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DOI (Published version): 10.1016/j.ijme.2024.100975
Abstract
Governments of peripheral regions often seek to encourage entrepreneurship as a means of bolstering employment, typically charging higher education institutions with the task of delivering this mission through their entrepreneurship education programmes. This study investigates the drivers and inhib...
| Published in: | The International Journal of Management Education |
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| ISSN: | 1472-8117 |
| Published: |
Elsevier BV
2024
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| Online Access: |
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| URI: | https://cronfa.swan.ac.uk/Record/cronfa65928 |
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| Abstract: |
Governments of peripheral regions often seek to encourage entrepreneurship as a means of bolstering employment, typically charging higher education institutions with the task of delivering this mission through their entrepreneurship education programmes. This study investigates the drivers and inhibitors of entrepreneurial intentions among young people in Madeira, a semi-autonomous outlying region of Portugal. Data were collected from 352 final-year undergraduate students on management, economics and tourism courses. The adaptive Least Absolute Shrinkage and Selection Operator method was then applied to select the best predictors from among a large pool of potential covariates. The results found that students with less access to start-up finance and a greater fear of failure tended to have the least entrepreneurial intentions. Children of entrepreneur had significantly stronger intentions to become entrepreneurs themselves. Entrepreneurial intention also increased significantly with the student’s age. The paper concludes that entrepreneurial education providers in island economies firstly need to change the narrative that young people in peripheral regions receive about becoming entrepreneurs, particularly with regard to the greater vulnerability to business risks (the ‘island penalty factor’), and secondly should provide practical support to students who do not have access to family business networks (a possible ‘island bonus factor’). |
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| Keywords: |
Economic cycles; Employment; Entrepreneurial intention; Entrepreneurship education; Networks; Small islands |
| College: |
Faculty of Humanities and Social Sciences |
| Funders: |
Swansea University |
| Issue: |
2 |