How Stable Are Students’ Entrepreneurial Intentions in the COVID-19 Pandemic Context?

Abstract

The purposed longitudinal study analyzes the evolution of students’ Entrepreneurial Intentions (EI) and its antecedents over the COVID-19 pandemic period and explores the inter-individual differences and the intra-individual changes. Our main contribution consists of proposing two-panel estimations techniques: first, a Latent Change Score model (LCS) approach to analyze the stability of our constructs, and second, a Generalized Least Squares (GLS) Random-Effect estimation of a complex network of relationships that we have identified within the Theory of Planned Behavior (TPB) framework. Our empirical results show that students’ EI enrolled in an entrepreneurship education (EE) program increased during the COVID-19 pandemic. Individuals with initial higher scores for EI have changed less than those with lower initial scores, and a gender difference exists in the initial level of EI and its antecedents. Our results also document the moderation effects of entrepreneurial self-efficacy and the importance of inspiration and resources in building students’ EI and provide valuable policy recommendations for universities regarding the design of EE programs to contribute to the economic recovery in the post-pandemic era.