Exploring entrepreneurial intentions in Latin American university students

Francoise Contreras Torres, Juan Carlos Espinosa Méndez, Karla Soria Barreto, Alexandra Portalanza Chavarría, Kety Jáuregui Machuca, Jesús Alfonso Omaña Guerrero


The aim of this study was to determine if entrepreneurial intention, based on Ajzen’s model of planned behavior
(1991), can be predicted by risk propensity, internal locus of control and leadership skills. Six standardized
and reliable instruments were applied to 1493 undergraduate university business students in Latin American
countries, selected through non-random quota sampling in accordance with their formation level in each of the
five participating universities. Using structural equation techniques, the research model was validated and
intention estimated and analyzed in relation to a set of socio-demographic variables. According to the results,
entrepreneurial intention can be significantly predicted by the psychological variables under consideration and,
contrary to what has been reported in other research, no gender differences were found in the intention of
entrepreneurship. These findings are discussed.


Entrepreneurial intention; leadership skills; locus of control; risk propensity; Latin American students.

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