Social entrepreneurship of small and medium-sized entrepreneurs in Thailand: influence of institutional environment, entrepreneurial passions, and entrepreneurial self-efficacy
ISSN: 1750-8614
Article publication date: 16 May 2023
Issue publication date: 20 June 2023
Abstract
Purpose
This study aims to examine the relationship between the institutional environment, entrepreneurial passion and entrepreneurial self-efficacy, which affect small- and medium-sized entrepreneurs’ social entrepreneurial intentions.
Design/methodology/approach
A self-administered survey was used to collect data from 600 owner-managers of tourism and hospitality businesses on the Khon Kaen-Nong Khai railway route. Structural equation modeling was used to test the hypotheses using a two-step modeling approach.
Findings
Normative and cognitive environments positively influence entrepreneurial passion. However, regulatory environment was not significantly related to entrepreneurial passion. Entrepreneurial passion relies on entrepreneurial self-efficacy, a major mechanism that creates social entrepreneurial intention. Interestingly, entrepreneurial self-efficacy fully mediated the relationship between entrepreneurial passion and intention.
Originality/value
This study provides an original contribution to social entrepreneurship in terms of the role of self-efficacy in mediating the relationship between entrepreneurial passion and intention. The findings enhance theoretical viewpoints and aid in the practical implementation of the roles of small- and medium-sized entrepreneurs in social enterprises, supporting the entrepreneurial sector.
Keywords
Acknowledgements
This research project was supported by the Thailand Science Research and Innovation (TSRI). Contract No. FRB650059/KKN/06-1.
Declaration of competing interests: The authors declare that they have no competing financial interests or personal relationships that could have influenced the work reported in this study.
Citation
Chiengkul, W., Tantipanichkul, T., Boonchom, W., Phuangpornpitak, W. and Suphan, K. (2023), "Social entrepreneurship of small and medium-sized entrepreneurs in Thailand: influence of institutional environment, entrepreneurial passions, and entrepreneurial self-efficacy", Social Enterprise Journal, Vol. 19 No. 4, pp. 370-389. https://doi.org/10.1108/SEJ-01-2023-0005
Publisher
:Emerald Publishing Limited
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