Modeling of Entrepreneurial Intention Among Public University Students in Malaysia Using Partial Least Square-Structural Equation Modelling (PLS-SEM)
DOI:
https://doi.org/10.32890/jes2025.7.1.4Keywords:
Decomposed Theory of Planned Behavior, Entrepreneurial Intention, Public University, PLS-SEMAbstract
ABSTRACT
This study presents a comprehensive examination of the factors influencing entrepreneurial intention among undergraduate accounting students in a public university, with a particular focus on higher education. Drawing upon the Decomposed Theory of Planned Behavior (DTPB), the study delves into the psychological aspects of entrepreneurial intention, aiming to deepen our understanding of the key constructs that shape entrepreneurial behavior. A survey involving 520 final year accounting students was conducted, utilizing questionnaires comprising 18 items that measured attitude towards entrepreneurship, subjective norms, perceived behavioral influence, and the desire to pursue entrepreneurship. The study sought to determine the impact of attitude towards behavior, subjective norms, and perceived behavioral control on students' intentions to become entrepreneurs. Employing the PLS-SEM technique and employing the bootstrapping method, the research models were tested to establish the relationships between the constructs. Both the measurement (outer) model and the structural (inner) model of the latent constructs were examined. The findings provided strong support for all seven hypotheses, revealing significant relationships between the variables under investigation. The overall results of the study offer valuable insights to stakeholders and policymakers, contributing to the establishment of a thriving entrepreneurial ecosystem that benefits the nation. By shedding light on the underlying mechanisms of entrepreneurship, this analysis contributes to a deeper understanding of the factors driving entrepreneurial behavior.
References
Ajzen, I. (1991). The theory of planned behaviour. Organizational Behaviour and Human Decision Processes, 50, 179-211.
Akhsan, E. M., & Othman, N. (2019). Hubungan antara Kemahiran Keusahawanan dengan Tekad Keusahawanan dalam Kalangan Pelajar Sekolah Menengah Kebangsaan Agama (SMKA). International Journal of Education, Psychology and Counseling,4(31), 305-317.
Altinay, L., Madanoglu, M., Daniele, R., & Lashley, C. (2012). The influence of family tradition and psychological traits on entrepreneurial intention. International Journal of Hospitality Management, 31(2), 489-499.
Amir, A. R., Mohamad, A., & Abdullah, S. (2013). Factors that influence UiTM’s undergraduates towards entrepreneurial intentions. International Journal of Education and Research, 1(11), 1-8.
Ariff, A. H. M., Bidin, Z., Sharif, Z., & Ahmad, A. (2010). Predicting entrepreneurship intention among Malay university accounting students in Malaysia. UNITAR e-Journal, 6(1), 1-10.
Arokiasamy, A. R. A. (2022). Factors influencing entrepreneurial intentions: A systematic review and thematic analysis. Journal of Global Entrepreneurship Research, 12(4), 897-912. DOI: 10.1007/s11301-022-00289-2
Astuti, R. D., & Martdianty, F. (2012). Students' Perception and Intention toward Entrepreneurship: Development of Planned Behavior Entrepreneurial Model on Six State Universities in Indonesia. In International Conference on Enterprise Marketing and Globalization (EMG). Proceedings (p. 131). Global Science and Technology Forum.
Awang, A., Ibrahim, I. I., & Ayub, S. A. (2014). Determinants of entreprneurial career: Experience of polytechnic students. Journal of Entrepreneurship, Business and Economics, 2(1), 21-40.
Badaruddin, M. N. B. A., Arokiasamy, L., Nordin, N. M., Yusof, H., & Zakaria, T. (2012, June). Cyber-entrepreneurial intention among business undergraduates in institutions of higher learning in Malaysia. In Proceeding of 2nd International Conference on Management (pp. 869-881).
Bagozzi, R. P., Lee, K. H., & Van Loo, M. F. (2001). Decisions to donate bone marrow: The role of attitudes and subjective norms across cultures. Psychology and Health, 16(1), 29-56.
Bilgiseven, E. B. (2019). Analysis of factors leading to entrepreneurial intention. Procedia Computer Science, 158, 885-890.
Chienwattanasook, K., & Jermsittiparsert, K. (2019). Impact of entrepreneur education on entrepreneurial self-employment: a study from Thailand. Polish Journal of Management Studies, 19.
Wynne, C. W. (1998). Issues and opinion on structural equation modelling. Management Information Systems quarterly, 22(1), 1-8.
Din, B. H., Anuar, A. R., & Usman, M. (2016). The effectiveness of the entrepreneurship education program in upgrading entrepreneurial skills among public university students. Procedia-Social and Behavioral Sciences, 224, 117-123.
Dinis, A., do Paco, A., Ferreira, J., Raposo, M., & Gouveia Rodrigues, R. (2013). Psychological characteristics and entrepreneurial intentions among secondary students. Education+ Training, 55(8/9), 763-780.
Do, Q., & Dung, P. (2020). Exploring entrepreneurial intention of full-time students at transport universities in Vietnam. Management Science Letters, 10(7), 1409-1416.
Engle, R. L., Dimitriadi, N., Gavidia, J. V., Schlaegel, C., Delanoe, S., Alvarado, I.,... & Wolff, B. (2010). Entrepreneurial intent: A twelve‐country evaluation of Ajzen's model of planned behavior. International Journal of Entrepreneurial Behavior & Research, 16(1), 35-57.
Fishbein, M., & Ajzen, I. (1975). Belief, attitude,intention and behavior. New York: Addison-Wisley Publishing Company. Inc.
Fornell, C., & Larcker, D. F. (1981). Evaluating structural equation models with unobservable variables and measurement error. Journal of marketing research, 18(1), 39-50.
Fragoso, R., Rocha-Junior, W., & Xavier, A. (2020). Determinant factors of entrepreneurial intention among university students in Brazil and Portugal. Journal of Small Business & Entrepreneurship, 32(1), 33-57.
Gefen, D., & Straub, D. (2005). A practical guide to factorial validity using PLS-Graph: Tutorial and annotated example. Communications of the Association for Information systems, 16(1), 5.
George, D. (2011). SPSS for windows step by step: A simple study guide and reference, 17.0 update, 10/e. Pearson Education India.
Tessema Gerba, D. (2012). Impact of entrepreneurship education on entrepreneurial intentions of business and engineering students in Ethiopia. African Journal of Economic and Management Studies, 3(2), 258-277.
Gurel, E., Altinay, L., & Daniele, R. (2010). Tourism students’ entrepreneurial intentions. Annals of tourism research, 37(3), 646-669.
Gürol, Y., & Atsan, N. (2006). Entrepreneurial characteristics amongst university students: Some insights for entrepreneurship education and training in Turkey. Education+ training, 48(1), 25-38.
Hagger, M. S., & Chatzisarantis, N. L. (2005). First‐and higher‐order models of attitudes, normative influence, and perceived behavioural control in the theory of planned behaviour. British journal of social psychology, 44(4), 513-535.
Hair, J. F., Ringle, C. M., & Sarstedt, M. (2011). PLS-SEM: Indeed a Silver Bullet. Journal of Marketing Theory and Practice,19:2,, 139-152.
Hair Jr, J. F., Sarstedt, M., Hopkins, L., & Kuppelwieser, V. G. (2014). Partial least squares structural equation modeling (PLS-SEM): An emerging tool in business research. European business review, 26(2), 106-121.
Hassan, R. A., & Wafa, S. A. (2012). Predictors towards entrepreneurial intention: a Malaysian case study. Asian Journal of Business and Management Sciences, 1(11), 1-10.
Henseler, J., Ringle, C. M., & Sarstedt, M. (2015). A new criterion for assessing discriminant validity in variance-based structural equation modelling.. Journal of the Academy of Marketing Science, 43(1),, 115-135.
Henseler, J., Ringle, C. M., & Sinkovics, R. R. (2009). The use of partial least squares path modeling in international marketing,. Advances in International Marketing 20,, 277-320.
Hong, L. M., Sha'ari, M. A. A. H., Zulkiffli, W. F. W., Aziz, R. C., & Ismail, M. (2020). Determinant factors that influence entrepreneurial intention among students in Malaysia. Jurnal Manajemen dan Kewirausahaan, 22(1), 80-86.
Hulland, J. (1999). Use of partial least squares (PLS) in strategic management research: a review of four recent studies. Strategic Management Journal, 20, 195–204.
Ishar, M. I. M., & Jabor, M. K. (2018). Elemen keusahawanan dalam bidang kulinari. Malaysian Journal of Social Sciences and Humanities (MJSSH), 3(1), 100-133.
Ismail, A. Z. B. H., Zain, M. F. B. M., & Ahmed, E. M. (2006). A study of motivation in business start-ups among Malay entrepreneurs. International Business and Economics Research Journal, 5(2), 103.
Israr, A., & Hashim, N. (2015). Research on entrepreneurial intention: an academic literature review and classification. Paradigms, 9(1), 9-28.
Kadir, S. A., & Merican, R. M. (2017). Factors Influencing Entrepreneurial Intention Among Malaysia Youth. International Journal of Accounting, Finance and Business, 2(5), 33-48.
Kautonena, T., Gelderen, M. v., & Tornikoski, E. T. (2013). Predicting entrepreneurial behaviour: a test of the theory of planned behaviour. Applied Economics, 45(6), 607-707.
Koh, H. C. (1996). Testing hypotheses of entrepreneurial characteristics: A study of Hong Kong MBA students. Journal of managerial Psychology, 11(3), 12-25.
Krueger, N. F., & Carsrud, A. L. (1993). Entrepreneurial intentions: Applying thetheory of planned behaviour. Entrepreneurship & Regional Development, 5(4), 315–330.
Küttim, M., Kallastea, M., Venesaara, U., & Kiis, A. (2014). Entrepreneurship education at university level and students’ entrepreneurial intentions. Procedia - Social and Behavioral Sciences 110, 658–668.
Lim, Y. M., Lee, T. H., & Cheng, B. L. (2012). Entrepreneurial inclination among business students: A Malaysian study. The South East Asian Journal of Management, 6(2), 2.
Looi, K. H., & Khoo-Lattimore, C. (2015). Undergraduate students' entrepreneurial intention: born or made?. International Journal of Entrepreneurship and Small Business, 26(1), 1-20.
Luca, M. R., & Cazan, A. M. (2011). Involvement in entrepreneurial training and personality. Procedia-Social and behavioral sciences, 30, 1251-1256.
Luca, M. R., Cazan, A. M., & Tomulescu, D. (2013). Entrepreneurial personality in higher education. Procedia-Social and Behavioral Sciences, 84, 1045-1049.
Mamman, A., Olaoye, I. K., Abdulrahaman, A. M., Shagari, J. N., & Lekan, O. K. (2018). The influence of entrepreneurship education on the entrepreneurial intentions of university students in Katsina State, Nigeria. Acta Universitatis Sapientiae, Economics and Business, 6(1), 21-42.
Marques, C. S., Ferreira, J. J., Gomes, D. N., & Gouveia Rodrigues, R. (2012). Entrepreneurship education: How psychological, demographic and behavioural factors predict the entrepreneurial intention. Education+ training, 54(8/9), 657-672.
Mat, S. C., Maat, S. M., & Mohd, N. (2015). Identifying factors that affecting the entrepreneurial intention among engineering technology students. Procedia-Social and Behavioral Sciences, 211, 1016-1022.
Mustapha, Z., Ahmad, A. H., Kob, C. G. C., & Zairon, I. Y. (2017). Peranan kolej komuniti sebagai pembimbing dalam memantapkan niat keusahawanan pelajar. Politeknik & Kolej Komuniti Journal of Social Sciences and Humanities, 2(1), 209-216.
Mustapha, Z., Tawang, M. Y., & Ahmad, A. H. (2016). Faktor yang mempengaruhi niat keusahawanan dalam kalangan pelajar Kolej Komuniti Malaysia. Politeknik & Kolej Komuniti Journal of Social Sciences and Humanities, 1(1).
Mwange, A. (2018). A Critical Review of Antecedents of Entrepreneurship Intention. EPH-International Journal of Business & Management Science, 4(3), 25-35.
Nabi, G., & Linan, F. (2011). Graduate entrepreneurship in the developing world: Intentions, education, and development. Education + Training, 53(5), 325–334.
Nagarathanam, R., & Buang, N. A. (2016). The relationship between attitude, intention, and entrepreneurship career choice among Malaysian Indian undergraduates. Akademika, 86(2), 43–52.
Nunnally, J. C., & Bernstein, I. H. (1994). The assessment of reliability. In Psychometric theory (3rd ed., pp. 248–292). McGraw-Hill.
Nwaigburu, K., & Eneogwe, V. (2013). Impact of accounting skills on entrepreneurship education for self-reliance and sustainable development: A study of selected small scale businesses in Owerri Municipal, Imo State. Mediterranean Journal of Social Sciences, 4(16), 81–88.
Othman, N. H., & Ishak, S. (2011). Kecenderungan terhadap pemilihan kerjaya keusahawanan mengikut persepsi skim usahawan siswa. Jurnal Teknologi, 56, 47–63.
Othman, N., & Othman, N. H. (2015). Relationship between entrepreneurial intentions and entrepreneurial career choice behavior among university students. Journal of Business and Economics, 6(1), 179–186.
Ozaralli, N., & Rivenburgh, N. K. (2016). Entrepreneurial intention: Antecedents to entrepreneurial behavior in the U.S.A. and Turkey. Journal of Global Entrepreneurship Research, 6(3), 1–32.
Permatasari, A., & Agustina, A. (2018). Entrepreneurial behavior among undergraduate business, social, and engineering students: A case study of a private Indonesian university. Jurnal Manajemen Indonesia, 18(2), 94–104.
Popescu, C. C., Bostan, I., Robu, I.-B., Maxim, A., & Diaconu, L. (2016). An analysis of the determinants of entrepreneurial intentions among students: A Romanian case study. Sustainability, 8(771), 1–22.
Quan, X. (2012). Prior experience, social network, and levels of entrepreneurial intentions. Management Research Review, 35(10), 945–957.
Rahimi, F., & Buang, N. A. (2017). Perbandingan tahap sikap keusahawan, sumber dorongan, dan efikasi kendiri dengan tahap aspirasi keusahawanan mahasiswa jurusan ekonomi, UKM, UPM, dan USIM. Journal of Global Business and Social Entrepreneurship (GBSE), 1(1), 29–38.
Ramayah, T., Ahmad, N. H., & Fei, T. H. (2012). Entrepreneur education: Does prior experience matter? Journal of Entrepreneurship Education, 15, 65–81.
Roslan, R., Misnan, N. I., & Musa, D. (2020). The influence of higher learning environment and role model towards entrepreneurial intention among TVET students. Jurnal Intelek, 15(1), 133–142.
Roy, R., Akhtar, F., & Das, N. (2017). Entrepreneurial intention among science & technology students in India: Extending the theory of planned behavior. International Entrepreneurship and Management Journal, 13(4), 1013–1041.
Saengchai, S., & Sutduean, J. (2019). How the perception of effective entrepreneur education affects entrepreneurial intention among students of the leading business schools in Thailand: The moderating role of university support. International Journal of Innovation, Creativity and Change, 6(10), 172–192.
Sandhu, M. S., Sidique, S. F., & Riaz, S. (2011). Entrepreneurship barriers and entrepreneurial inclination among Malaysian postgraduate students. International Journal of Entrepreneurial Behaviour & Research, 17(4), 428–449.
Schwarz, E. J., Wdowiak, M. A., Almer-Jarz, D. A., & Breitenecker, R. J. (2009). The effects of attitudes and perceived environmental conditions on students’ entrepreneurial intent: An Austrian perspective. Education & Training, 51(4), 271–291.
Sekaran, U., & Bougie, R. (2010). Research methods for business: A skill building approach (6th ed.). John Wiley & Sons Ltd.
Sequeira, J., Mueller, S. L., & McGee, J. E. (2007). The influence of social ties and self-efficacy in forming entrepreneurial intentions and motivating nascent behavior. Journal of Developmental Entrepreneurship, 12(3), 275–293.
Sesen, H. (2013). Personality or environment? A comprehensive study on the entrepreneurial intentions of university students. Education+ Training, 55(7), 624–640.
Shah, N., & Soomro, B. A. (2017). Investigating entrepreneurial intention among public sector university students of Pakistan. Education + Training, 59(7/8), 841–855.
Shamsudin, M. F., Rahman, S. A., Wahab, S. A., & Al Mamun, A. (2017). Proactive approach in fostering an entrepreneurial ecosystem: Insights from Malaysia. Asian Academy of Management Journal, 22(3), 123–145.
Shi, X., Sun, P., & Liu, X. (2020). Creativity’s impact on entrepreneurial intention: The mediating role of perceived behavioral control and subjective norms. Frontiers in Psychology, 11, 1209.
Sivarajah, K., & Achchuthan, S. (2013). Entrepreneurial intention among undergraduates: Review of literature. European Journal of Business and Management, 5(5), 72–86.
Solesvik, M. Z. (2013). Entrepreneurial motivations and intentions: Investigating the role of education major. Education + Training, 55(3), 253–271.
Solesvik, M. Z., Westhead, P., Kolvereid, L., & Matlay, H. (2012). Student intentions to become self-employed: The Ukrainian context. Journal of Small Business and Enterprise Development, 19(3), 441–460.
Soomro, B. A., & Shah, N. (2015). Developing attitudes and intentions among potential entrepreneurs. Journal of Enterprise Information Management, 28(2), 304–322.
Taormina, R. J., & Lao, S. K. M. (2007). Measuring Chinese entrepreneurial motivation: Personality and environmental influences. International Journal of Entrepreneurial Behavior & Research, 13(4), 200-221.
Taylor, S., & Todd, P. (1995). Decomposition and crossover effects in the theory of planned behavior: A study of consumer adoption intentions. International Journal of Research in Marketing, 12(2), 137–155.
Tunggak, B., Salamon, H., & Abu, B. (2011). Keperluan latihan dan pendidikan berterusan ke arah pembangunan usahawan Muslim berteraskan nilai Islam di Malaysia. Jurnal teknologi, 121â-144.
Turker, D., & Selcuk, S. S. (2009). Which factors affect entrepreneurial intention of university students?. Journal of European industrial training, 33(2), 142-159.
Urbach, N., Smolnik, S., & Riempp, G. (2010). An empirical investigation of employee portal success. The Journal of Strategic Information Systems, 19(3), 184-206.
Yaghmaei, O., & Ghasemi, I. (2015). Effects of influential factors on entrepreneurial intention of postgraduate students in Malaysia. International Letters of Social and Humanistic Sciences, 51, 115-124.
Yusof, M., Sandhu, M. S., & Jain, K. K. (2007). Relationship between psychological characteristics and entrepreneurial inclination: A case study of students at UNITAR. Journal of Asia Entrepreneurship and Sustainability 3(2), 1-16.
Zain, Z. M., Akram, A. M., & Ghani, E. K. (2010). Entrepreneurship intention among malaysian business students/l'esprit d'entreprise chez les etudiants en commerce Malaisiens. Canadian social science, 6(3), 34.
Zampetakis, L. A., Kafetsios, K., Bouranta, N., Dewett, T., & Moustakis, V. S. (2009). On the relationship between emotional intelligence and entrepreneurial attitudes and intentions. International Journal of Entrepreneurial Behavior & Research, 15(6), 595-618.
Zhang, P., & Cain, K. W. (2017). Reassessing the link between risk aversion and entrepreneurial intention: The mediating role of the determinants of planned behavior. International Journal of Entrepreneurial Behavior & Research, 23(5), 793-811.
Zhang, P., Wang, D. D., & Owen, C. L. (2015). A study of entrepreneurial intention of university students. Entrepreneurship Research Journal, 5(1), 61-82.
Published
Issue
Section
License
Copyright (c) 2025 Journal of Economics and Sustainability

This work is licensed under a Creative Commons Attribution 4.0 International License.
