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Social entrepreneurship of small and medium-sized entrepreneurs in Thailand: influence of institutional environment, entrepreneurial passions, and entrepreneurial self-efficacy

Watchara Chiengkul (Faculty of Business Administration and Information Technology, Rajamangala University of Technology Isan Khonkaen Campus, Khon Kaen, Thailand)
Thanawat Tantipanichkul (Faculty of Business Administration and Information Technology, Rajamangala University of Technology Isan Khonkaen Campus, Khon Kaen, Thailand)
Wanita Boonchom (Faculty of Business Administration and Information Technology, Rajamangala University of Technology Isan Khonkaen Campus, Khon Kaen, Thailand)
Wasana Phuangpornpitak (Faculty of Business Administration and Information Technology, Rajamangala University of Technology Isan Khonkaen Campus, Khon Kaen, Thailand)
Kittanathat Suphan (Faculty of Business Administration and Information Technology, Rajamangala University of Technology Isan Khonkaen Campus, Khon Kaen, Thailand)

Social Enterprise Journal

ISSN: 1750-8614

Article publication date: 16 May 2023

Issue publication date: 20 June 2023

658

Abstract

Purpose

This study aims to examine the relationship between the institutional environment, entrepreneurial passion and entrepreneurial self-efficacy, which affect small- and medium-sized entrepreneurs’ social entrepreneurial intentions.

Design/methodology/approach

A self-administered survey was used to collect data from 600 owner-managers of tourism and hospitality businesses on the Khon Kaen-Nong Khai railway route. Structural equation modeling was used to test the hypotheses using a two-step modeling approach.

Findings

Normative and cognitive environments positively influence entrepreneurial passion. However, regulatory environment was not significantly related to entrepreneurial passion. Entrepreneurial passion relies on entrepreneurial self-efficacy, a major mechanism that creates social entrepreneurial intention. Interestingly, entrepreneurial self-efficacy fully mediated the relationship between entrepreneurial passion and intention.

Originality/value

This study provides an original contribution to social entrepreneurship in terms of the role of self-efficacy in mediating the relationship between entrepreneurial passion and intention. The findings enhance theoretical viewpoints and aid in the practical implementation of the roles of small- and medium-sized entrepreneurs in social enterprises, supporting the entrepreneurial sector.

Keywords

Acknowledgements

This research project was supported by the Thailand Science Research and Innovation (TSRI). Contract No. FRB650059/KKN/06-1.

Declaration of competing interests: The authors declare that they have no competing financial interests or personal relationships that could have influenced the work reported in this study.

Citation

Chiengkul, W., Tantipanichkul, T., Boonchom, W., Phuangpornpitak, W. and Suphan, K. (2023), "Social entrepreneurship of small and medium-sized entrepreneurs in Thailand: influence of institutional environment, entrepreneurial passions, and entrepreneurial self-efficacy", Social Enterprise Journal, Vol. 19 No. 4, pp. 370-389. https://doi.org/10.1108/SEJ-01-2023-0005

Publisher

:

Emerald Publishing Limited

Copyright © 2023, Emerald Publishing Limited

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