Green entrepreneurship intention in university students: The case of Peru

Abstract

Objective: The aim is to better understand how education supports green entrepreneurship among students by analyzing their education development support, institutional support, country support, and entrepreneurial self-efficacy.

Research Design & Methods: A total of 320 international business students in Peru filled the online survey. Eight questions focused on demographic information, and twenty-six questions evaluated the green entrepreneurship intention of students. We used the SEM-PLS technical analysis.

Findings: We found that education development support (EDS; 0.146), institutional support (IS; 0.183), and country support (CS; 0.158) had a positive influence on entrepreneurial self-efficacy (ESE), while ESE had a positive influence (0.757) on the green entrepreneurial intention (GEI). The model explained 57.3% of the green entrepreneurial intention. Findings of the bootstrapping test showed that the path coefficients were significant.

Implications & Recommendations: This study showed the impact of education development support, institutional support, and country support on entrepreneurs’ ability to successfully carry out green entrepreneurship, which will serve universities to implement strategic plans to achieve their ecological ventures and develop such ventures on campus with the students that have the necessary skills.

Contribution & Value Added: The research findings will prove helpful to governments in establishing new norms to promote entrepreneurship. The novelty of the current study is supported in using the PLS-SEM technique.

Keywords

Green entrepreneurship intention, international business students, COVID-19, Peru

Author Biography

Aldo Alvarez-Risco

Ph.D. in Administration (2020, Universidad Autónoma de Nuevo León, Mexico); Professor at the Career of International Business, Universidad de Lima. His research interests include sustainability, international business, entrepreneurship, and circular economy.

Sabina Mlodzianowska

Doctor in Economics (2008, University of Gdansk, Polonia); Professor at the Career of International Business, Universidad de Lima. Her research interests include mining, international business, and entrepreneurship.

Ulises Zamora-Ramos

Master’s degree in International Commerce (2014) from Universidad Nacional Mayor de San Marcos, Peru; Professor in International Business, Universidad ESAN. His research interests include international business, international marketing, and entrepreneurship.

Shyla Del-Aguila-Arcentales

Master’s degree in Industrial Pharmacy (2017) from Universidad Nacional Mayor de San Marcos, Peru; Professor at Escuela Nacional de Marina Mercante “Almirante Miguel Grau” in Peru. Her research interests include sustainability, entrepreneurship, international business, e-commerce, and digital business.