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Drivers and inhibitors of entrepreneurship in Europe's Outermost Regions: Implications for entrepreneurship education

António Almeida Orcid Logo, Brian Garrod Orcid Logo

The International Journal of Management Education, Volume: 22, Issue: 2

Swansea University Author: Brian Garrod Orcid Logo

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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...

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Published in: The International Journal of Management Education
ISSN: 1472-8117
Published: Elsevier BV 2024
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URI: https://cronfa.swan.ac.uk/Record/cronfa65928
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first_indexed 2024-03-29T10:47:24Z
last_indexed 2024-03-29T10:47:24Z
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spelling v2 65928 2024-03-29 Drivers and inhibitors of entrepreneurship in Europe's Outermost Regions: Implications for entrepreneurship education 4f81981d78ed3082b232463da24d1bb9 0000-0002-5468-6816 Brian Garrod Brian Garrod true false 2024-03-29 BBU 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’). Journal Article The International Journal of Management Education 22 2 Elsevier BV 1472-8117 Economic cycles; Employment; Entrepreneurial intention; Entrepreneurship education; Networks; Small islands 1 7 2024 2024-07-01 10.1016/j.ijme.2024.100975 COLLEGE NANME Business COLLEGE CODE BBU Swansea University SU Library paid the OA fee (TA Institutional Deal) Swansea University 2024-04-15T15:36:03.7528329 2024-03-29T10:44:39.6383466 Faculty of Humanities and Social Sciences School of Management - Business Management António Almeida 0000-0002-3216-2018 1 Brian Garrod 0000-0002-5468-6816 2 65928__29928__d12ddef2844e4ea893f9597e0c6ab4f7.pdf 65928.VOR.pdf 2024-04-04T18:26:19.7182458 Output 608066 application/pdf Version of Record true © 2024 The Authors. This is an open access article under the CC BY-NC license. true eng http://creativecommons.org/licenses/by-nc/4.0/
title Drivers and inhibitors of entrepreneurship in Europe's Outermost Regions: Implications for entrepreneurship education
spellingShingle Drivers and inhibitors of entrepreneurship in Europe's Outermost Regions: Implications for entrepreneurship education
Brian Garrod
title_short Drivers and inhibitors of entrepreneurship in Europe's Outermost Regions: Implications for entrepreneurship education
title_full Drivers and inhibitors of entrepreneurship in Europe's Outermost Regions: Implications for entrepreneurship education
title_fullStr Drivers and inhibitors of entrepreneurship in Europe's Outermost Regions: Implications for entrepreneurship education
title_full_unstemmed Drivers and inhibitors of entrepreneurship in Europe's Outermost Regions: Implications for entrepreneurship education
title_sort Drivers and inhibitors of entrepreneurship in Europe's Outermost Regions: Implications for entrepreneurship education
author_id_str_mv 4f81981d78ed3082b232463da24d1bb9
author_id_fullname_str_mv 4f81981d78ed3082b232463da24d1bb9_***_Brian Garrod
author Brian Garrod
author2 António Almeida
Brian Garrod
format Journal article
container_title The International Journal of Management Education
container_volume 22
container_issue 2
publishDate 2024
institution Swansea University
issn 1472-8117
doi_str_mv 10.1016/j.ijme.2024.100975
publisher Elsevier BV
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Business Management{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Business Management
document_store_str 1
active_str 0
description 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’).
published_date 2024-07-01T15:36:00Z
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score 11.016235

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