Entrepreneurial intention, legal and institutional context, and corporate governance: Evidence from university students

Abstract

This study considers the broader institutional and legal framework that promotes responsible entrepreneurship while examining how attitudes toward entrepreneurship, subjective norms, and perceived behavioral control (PBC) affect entrepreneurial intention among economics and business students in Hanoi, Vietnam. It expands upon the theory of planned behavior (TPB) (Ajzen, 1991). The study used a quantitative technique using survey data from university students. The proposed correlations were examined using reliability analysis, exploratory factor analysis, and multiple linear regression. The findings indicate that entrepreneurial ambition is positively impacted by all three antecedents, with PBC being the most important predictor. In line with the TPB (Ajzen, 1991) and other entrepreneurship studies (Liñán & Chen, 2009), the results highlight the need for integrating entrepreneurial skills with enabling legal and governance frameworks. The study adds to the body of knowledge on entrepreneurship and corporate governance. It also offers useful implications for academic institutions and policymakers looking to improve entrepreneurship education, legal awareness, and responsible entrepreneurial behavior.