An investigation into entrepreneurial intentions in Caribbean Small Island Developing States

Abstract This paper explored entrepreneurial intentions in the Caribbean adult population using a social cognitive approach. It used the Global Entrepreneurship Monitor (GEM) Adult Population Survey (APS), which includes questions about entrepreneurial intentions of potential business owners and ent...

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Main Author: Preeya S. Mohan
Format: Article
Language:English
Published: SpringerOpen 2022-11-01
Series:Journal of Innovation and Entrepreneurship
Subjects:
Online Access:https://doi.org/10.1186/s13731-022-00253-0
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author Preeya S. Mohan
author_facet Preeya S. Mohan
author_sort Preeya S. Mohan
collection DOAJ
description Abstract This paper explored entrepreneurial intentions in the Caribbean adult population using a social cognitive approach. It used the Global Entrepreneurship Monitor (GEM) Adult Population Survey (APS), which includes questions about entrepreneurial intentions of potential business owners and entrepreneurial perceptions, namely individual, entrepreneurial opportunities and socio-cultural, along with demographic and socio-economic variables. The effect of perceptions along with socio-economic control variables on entrepreneurial intentions was investigated using probit regression models. The results confirm that even after controlling for demographic and socio-economic and country fixed effects, social cognitive perceptions were indeed relevant in explaining entrepreneurial intentions in the region. This study therefore provides insights into understanding entrepreneurship in particular the decision to form a new business through the individual’s perceptions and intentions.
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spelling doaj.art-a47773417f794cca90fadb020f8a7dc62022-12-22T04:20:20ZengSpringerOpenJournal of Innovation and Entrepreneurship2192-53722022-11-0111112110.1186/s13731-022-00253-0An investigation into entrepreneurial intentions in Caribbean Small Island Developing StatesPreeya S. Mohan0Sir Arthur Lewis Institute of Social and Economic Studies, University of the West IndiesAbstract This paper explored entrepreneurial intentions in the Caribbean adult population using a social cognitive approach. It used the Global Entrepreneurship Monitor (GEM) Adult Population Survey (APS), which includes questions about entrepreneurial intentions of potential business owners and entrepreneurial perceptions, namely individual, entrepreneurial opportunities and socio-cultural, along with demographic and socio-economic variables. The effect of perceptions along with socio-economic control variables on entrepreneurial intentions was investigated using probit regression models. The results confirm that even after controlling for demographic and socio-economic and country fixed effects, social cognitive perceptions were indeed relevant in explaining entrepreneurial intentions in the region. This study therefore provides insights into understanding entrepreneurship in particular the decision to form a new business through the individual’s perceptions and intentions.https://doi.org/10.1186/s13731-022-00253-0EntrepreneurshipEntrepreneurial intentionCognitive modelsProbit modelsSmall Island Developing States
spellingShingle Preeya S. Mohan
An investigation into entrepreneurial intentions in Caribbean Small Island Developing States
Journal of Innovation and Entrepreneurship
Entrepreneurship
Entrepreneurial intention
Cognitive models
Probit models
Small Island Developing States
title An investigation into entrepreneurial intentions in Caribbean Small Island Developing States
title_full An investigation into entrepreneurial intentions in Caribbean Small Island Developing States
title_fullStr An investigation into entrepreneurial intentions in Caribbean Small Island Developing States
title_full_unstemmed An investigation into entrepreneurial intentions in Caribbean Small Island Developing States
title_short An investigation into entrepreneurial intentions in Caribbean Small Island Developing States
title_sort investigation into entrepreneurial intentions in caribbean small island developing states
topic Entrepreneurship
Entrepreneurial intention
Cognitive models
Probit models
Small Island Developing States
url https://doi.org/10.1186/s13731-022-00253-0
work_keys_str_mv AT preeyasmohan aninvestigationintoentrepreneurialintentionsincaribbeansmallislanddevelopingstates
AT preeyasmohan investigationintoentrepreneurialintentionsincaribbeansmallislanddevelopingstates