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The purpose of this paper is to examine the determinants of entrepreneurial intention. Specifically, the study investigated the extent to which personality traits or situational factors influenced entrepreneurial intention and whether the relationship among the predictor variables and the intention to become entrepreneurs differed between men and women.

Data were collected using a questionnaire-based survey of 393 students at a reputable international educational institution in Thailand. Hierarchical multiple regression analysis and analysis of variance were employed to test the hypotheses.

A total of eight independent variables were tested for their effect on entrepreneurial intention. Three of the personality traits, including need for achievement, risk-taking tendency, job security, were found to have a significant effect on intention for entrepreneurship. However, environment for starting a business and educational programme were found to be suppressor variables. Personality factors had a greater degree of effect on entrepreneurial intention than situational factors. With respect to gender differences, for women, job autonomy and job security were significant predictors while for men, need for achievement and risk-taking tendency contributed to entrepreneurial intention.

The study investigated whether personality factors or situational factors were the main drivers of entrepreneurial intention and to what extent gender differences exist in the determinants of entrepreneurial intention. Few studies have been based on a sample of respondents of such diversity in terms of nationality. The present study included respondents from 12 different nationalities in Asia.