Entrepreneurial Intentions of Law Students: The Moderating Role of Personality Traits on Attitude's Effects

Abstract

A robust body of literature has examined the factors that try to explain entrepreneurial intentions. On this topic two approaches stood out in literature: the personality traits model and the theory of planned behavior. Is entrepreneurial intention a matter of personality or attitude? In fact, they are not necessarily two exclusionary views, but might somehow interact on the formation of entrepreneurial intentions. This paper reports findings from a study that empirically examined the predictors of the law students’ decision to become entrepreneurs, drawing on the Theory of Planned Behavior and The Five-Factor Model of Personality. Data were collected from a sample of students enrolled in a law undergraduate degree. Findings reveal that both attitude and perceived behavior control are significant predictors of entrepreneurial intentions and that the personality trait extraversion moderates the effect of attitude on entrepreneurial intentions. Based on the results, it is concluded that it is worthwhile investing in entrepreneurship education.

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