Investigating Youth Entrepreneurial intentions’ Drivers in Visegrad Countries

Abstract

Entrepreneurial intention is the first step in entrepreneurial process. It is seen as one of the strongest predictors of entrepreneurial behavior. Measurement of key factors that influence entrepreneurial intention is still great challenge for researchers. The aim of this paper is both to analyse the significance of selected individual‑level factors in their effect on entrepreneurial intention among youth in Visegrad countries (Czech Republic, Hungary, Poland and Slovakia) and contribute to solve the methodological gap in intention analysis applying non‑traditional methods for this field – decision tree algorithm method alongside logistic regression models that served as robustness check of our findings. Prior to this a univariate (using Weight of Evidence and Information value analysis) and multivariate analysis (using Pearson Chi‑square test of good fitness and Cramer’s V) was conducted. Based on Global Entrepreneurship Monitor (GEM) data we found out that out of four studied groups of factors only two (personality‑traits and personal background related factors) are significant drivers of entrepreneurial intentions among youth in Visegrad countries.

Keywords

• entrepreneurship
• entrepreneurial intentions
• youth
• young adults
• Visegrad countries