Impact of Personal Characteristics and Social Networks on Entrepreneurial Intention

Entrepreneurial intention refers to a conscious state of mind prior to the action to establish and operate a new company. In recent years, not only academic researchers but also management practitioners' interest in this entrepreneurial intention is hot. In this regard, the importance of entrepreneurial activities as a means of driving the vitality and sustainability of society as a whole is being emphasized in many countries. In addition, it is true that it has become easier than in the past to create new businesses through entrepreneurship with technological progress. Above all, due to the global spread of advanced technologies, it is possible to efficiently share information and resources through interaction by establishing relationships with each other beyond time or geographic constraints. And, who can more actively carry out the detailed activities necessary for entrepreneurial processes with greater confidence has a significant impact on establishing and operating new companies. Therefore, in this paper, we examined the effect of personal characteristics and social networks on the active mind state of entrepreneurial intention driving the establishment of a company. Most of all, unlike previous studies that have focused on the existence of social networks or their own characteristics, this paper classified social networks into three categories according to what factors to provide and analyzed them as factors related to entrepreneurship intention. According to survey-based statistical analysis, it was found that need for achievement and self-efficacy, which are individual characteristics, industry network, financial network, and private network, which are detailed types of social network, all have a positive effect on entrepreneurial intention. Based on these research results, this paper derived several implications for future research and entrepreneurial practice.