MODELS OF THE DETERMINANTS OF ENTREPRENEURIAL BEHAVIOUR: A LITERATURE REVIEW

Entrepreneurship has become a growing trend with growing importance within the global marketplace, seen as providing a satisfying and rewarding working life at the level of the individual, and as contributing to prosperity and economic growth at a national level. Thus, answering the questions of why people demonstrate entrepreneurial behaviour and what factors affect their decision to become entrepreneurs has been and still remains a topic of intense research interest. Towards identifying the factors that shape the entrepreneurial decision several explanatory models of entrepreneurship determinants have been developed. The aim of this study was to provide a review of extant literature related to models of the determinants of entrepreneurial intention and behaviour. The models reviewed were of three types traits models, situational models and intention-based models of entrepreneurship.