How socio-cultural transition helps to improve entrepreneurial intentions among women?

Badghish, Saeed, Ali, Imran, Ali, Murad, Yaqub, Muhammad Zafar and Dhir, Amandeep (2023) How socio-cultural transition helps to improve entrepreneurial intentions among women? Journal of Intellectual Capital, 24 (4). pp. 900-928. ISSN 1469-1930

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Purpose: The current research proposes a model that integrates certain psychological and demographic factors in developing and strengthening young Saudi women's perceptions of entrepreneurial resourcefulness, which eventually may lead to the development and enhancement of their entrepreneurial intentions. The study also examines the ways in which changing socio-cultural norms and values may augment investments and/or efforts to enhance cognitive enablers, including entrepreneurial resourcefulness, and thereby build and strengthen entrepreneurial intentions among female entrepreneurs (i.e. human capital) in a transitioning society. Saudi Arabia is a relevant research context because the Saudi government has invested enormous resources to develop the country's human capital, particularly Saudi government intends to enhance Saudi women's participation in entrepreneurial spheres to be enhanced significantly. Saudi Arabia is undergoing a radical socio-cultural transition, and the kingdom seeks to capitalise on this ongoing transformation to further encourage women to tap into their under-utilised potential. This study seeks to corroborate such moderation effects. Design/methodology/approach: The authors utilise the intellectual capital (IC) framework and theory of planned behaviour (TBP) to propose the conceptual model in this study. Using a sample of 628 young female respondents – potential entrepreneurs studying at various universities in Saudi Arabia, the authors test the hypothesised associations through partial least squares (PLS)-based path modelling. Findings: The authors found a significant positive impact of psychological factors, such as perceived behavioural control, attitude towards entrepreneurship, subjective norms and entrepreneurial self-efficacy, on the development and enhancement of perceived entrepreneurial resourcefulness. In addition, demographic factors, including family income, family background, family business experience and entrepreneurship education, play a significant positive role in enhancing individuals' entrepreneurial resourcefulness perceptions. The authors further found that enhanced perceptions of perceived entrepreneurial resourcefulness develop and enhance entrepreneurial intentions among female entrepreneurs. However, the transformation in social and cultural norms significantly moderates this cause and effect relationship. Originality/value: This study is among the first of its kind to investigate the moderating effects of social and cultural transformation on efforts and/or investments to enhance intellectual capital (more specifically, human capital) and thereby promote entrepreneurship. The study is also valuable for its focus on a unique context, i.e. female entrepreneurship in the Middle East and, more specifically, Saudi Arabia. The study offers useful insights and implications both for theory and practice, particularly for policymakers seeking to augment their intellectual capital formation efforts through an effective orchestration of socio-cultural transformation, which seeks to empower female entrepreneurs to succeed in the face of significant socio-cultural impediments.

Item Type: Article
Additional Information: Funding information: This research has been funded by the Deputyship for Research and Innovation, Ministry of Education in Saudi Arabia [Project SS-192 (through the initiative of social sciences number SS-192)]. The authors extend their appreciation to the Deanship of Research and Innovation, Ministry of Education Saudi Arabia for funding this research work through the Project S-192 (through the initiative of social sciences number 105422009 of the contract).
Uncontrolled Keywords: Entrepreneurial intentions, Human capital, Intellectual capital, Perceived entrepreneurial resourcefulness, Saudi Arabia, Socio-cultural transition, Theory of planned behaviour
Subjects: N100 Business studies
N200 Management studies
Department: Faculties > Business and Law > Newcastle Business School
Depositing User: Rachel Branson
Date Deposited: 09 Aug 2022 14:53
Last Modified: 28 Jun 2023 14:00

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