Unlocking the Influence of Personality Traits and Culture on Entrepreneurial Intention: Evidence from a Transition Economy

HUNG, Ta Huy; NGUYEN, Phuong Mai; LUU, Thi-Minh-Ngoc; DINH, Van Toan

Unlocking the Influence of Personality Traits and Culture on Entrepreneurial Intention: Evidence from a Transition Economy

Foundations of Management

Volume 17 (2025): Issue 1 (January 2025)

By: Ta Huy HUNG

, Phuong Mai NGUYEN

, Thi-Minh-Ngoc LUU

and Van Toan DINH

Open Access

|May 2025

Figures & Tables

Type of Agency Problem
(Source: Authors’ own research) — Type of Agency Problem (Source: Authors’ own research)

Results of the χ2 difference test between models (Source: Authors’ own research)

Moderator/hypothesis	Path estimated	Δχ2	Δdf	p	Hypothesis supported	Standardized coefficient estimate: Female	Standardized coefficient estimate: Male
Gender	Full model	18.559	5	0.002	-	-	-
H6	ACH→EI	0.019	1	0.892	No	-	-
H7	ALT→EI	1.682	1	0.195	No	-	-
H8	APP→EI	10.398	1	0.001	Yes	0.224***	0.234***
H9	CON→EI	0.10	1	0.919	No	-	-
H10	EFF→EI	10.004	1	0.002	Yes	0.046***	0.048***

SEM analysis result (Source: Authors’ own research)

Hypothesis	Standardized coefficients	SE	CR	P	Conclusion
H1: ACH → EI	0.194	0.041	4.739	***	Supported
H2: ALT → EI	0.276	0.028	9.817	***	Supported
H3: APP → EI	0.073	0.035	2.073	0.038	Supported
H4: CON → EI	0.242	0.041	5.916	***	Supported
H5: EFF → EI	0.252	0.038	6.560	***	Supported
Model fit indices	Obtained value	Suggested value			-
χ²/df	2.704	<3			-
P	0.044	<0.05			-
CFI	0.997	>0.90			-
NFI	0.996	>0.90			-
TLI	0.982	>0.90			-
RMSEA	0.042	<0.07			-

Correlation analysis result (Source: Authors’ own research)

-	ACH	ALT	APP	CON	EFF	EI
ACH	1	-	-	-	-	-
ALT	0.427**	1	-	-	-	-
APP	0.380**	0.236**	1	-	-	-
CON	0.364**	0.389**	0.540**	1	-	-
EFF	0.291**	0.314**	0.561**	0.637**	1	-
EI	0.416**	0.497**	0.415**	0.535**	0.512**	1

Reliability, validity, and convergence of measurement constructs (Source: Authors’ own research)

Construct	Cronbach’s alpha	CR	AVE	Item	Loading
Need for Achievement (ACH)	0.807	0.906	0.583	Ach1	0.647
				Ach2	0.709
				Ach3	0.811
				Ach4	0.763
				Ach5	0.684
				Ach6	0.792
				Ach7	0.908
Entrepreneurial alertness (ALT)	0.741	0.838	0.637	Alt1	0.664
				Alt2	0.888
				Alt3	0.825
Perceived appropriateness (APP)	0.798	0.891	0.624	App1	0.755
				App2	0.811
				App3	0.781
				App4	0.659
				App5	0.920
Perceived consistency (CON)	0.694	0.854	0.594	Con1	0.714
				Con2	0.803
				Con3	0.745
				Con4	0.817
Perceived effectiveness (EFF)	0.844	0.918	0.584	Eff1	0.790
				Eff2	0.784
				Eff3	0.746
				Eff4	0.809
				Eff5	0.807
				Eff6	0.591
				Eff7	0.730
				Eff8	0.830
Entrepreneurial intention (EI)	0.863	0.927	0.719	EI1	0.872
				EI2	0.887
				EI3	0.849
				EI4	0.816
				EI5	0.812

Normality test (Source: Authors’ own research)

-	Descriptives		Tests of normality
-	Skewness	Kurtosis	Kolmogorov–Smirnov^a			Shapiro–Wilk
-	Skewness	Kurtosis	Statistic	df	Sig.	Statistic	df	Sig.
ACH	-0.807	1.711	0.100	945	0.085	0.950	945	0.075
ALT	-0.055	0.098	0.110	945	0.145	0.976	945	0.275
APP	-0.347	0.954	0.098	945	0.095	0.974	945	0.085
CON	0.092	0.832	0.113	945	0.075	0.972	945	0.090
EFF	0.033	0.527	0.066	945	0.215	0.990	945	0.125
EI	-0.258	0.787	0.103	945	0.090	0.971	945	0.095

Model fit statistics of the measurement model (Source: Authors’ own research)

-	Obtained value	Acceptable value
χ2/df	3.950	3–5
GFI	0.936	>0.90
TLI	0.882	>0.85
NFI	0.872	>0.85
CFI	0.901	>0.90
RMR	0.125	Close to 0
RMSEA	0.055	<0.07

DOI: https://doi.org/10.2478/fman-2025-0005 | Journal eISSN: 2300-5661 | Journal ISSN: 2080-7279

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Language: English

Page range: 71 - 84

Published on: May 15, 2025

Published by: Warsaw University of Technology

In partnership with: Paradigm Publishing Services

Publication frequency: 1 issue per year

Keywords:

Need for achievement,

Entrepreneurial alertness,

Entrepreneurial intention,

Related subjects:

Business and economics,

Business management,

Management accounting, financial controlling, cost calculation, investment

© 2025 Ta Huy HUNG, Phuong Mai NGUYEN, Thi-Minh-Ngoc LUU, Van Toan DINH, published by Warsaw University of Technology
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

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Unlocking the Influence of Personality Traits and Culture on Entrepreneurial Intention: Evidence from a Transition Economy

Figures & Tables

Figure 1.

Results of the χ2 difference test between models (Source: Authors’ own research)

SEM analysis result (Source: Authors’ own research)

Correlation analysis result (Source: Authors’ own research)

Reliability, validity, and convergence of measurement constructs (Source: Authors’ own research)

Normality test (Source: Authors’ own research)

Model fit statistics of the measurement model (Source: Authors’ own research)

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