Entrepreneurial intentions of real
estate students: an ordinal
analysis of the predictors
Timothy Oluwafemi Ayodele
Department of Estate Management,
Faculty of Environmental Design and Management, Obafemi Awolowo University,
Ile-Ife, Nigeria and Department of Quantity Surveying and Construction Management,
University of the Free State, Bloemfontein, South Africa
Mujidat Olubola Babalola
Department of Quantity Surveying, Faculty of Environmental Design and Management,
Obafemi Awolowo University, Ile-Ife, Nigeria
Kahilu Kajimo-Shakantu
Department of Quantity Surveying and Construction Management,
Faculty of Natural and Agricultural Sciences (Main Campus),
University of the Free State, Bloemfontein, South Africa, and
Olaitan Waliu Olaoye and Rachel Lawale
Department of Estate Management,
Faculty of Environmental Design and Management, Obafemi Awolowo University,
Ile-Ife, Nigeria
Abstract
Purpose – This study aims to examine the predictors of entrepreneurial intentions of real estate students in
an emerging economy where there are significant odds against paid employment owing to the dwindling
economic drivers.
Design/methodology/approach – Primary data was obtained using closed-ended questionnaire served
on final-year real estate students in three tertiary institutions in Southwestern Nigeria. Out of a total of 231
copies of the questionnaire distributed, 160 (69.3%) were retrieved and found suitable for analysis. Using
ordinal least square regression, the study examined the influence of the independent variables on the
respondents’ entrepreneurial intention across two models. While the first model was without the moderators
of prior entrepreneurial exposure (that is, parental occupation, relationship with a real estate entrepreneur,
previous/current engagement in business and attendance at business/entrepreneurial seminars/workshops),
the second included all the control variables. Other descriptive and inferential statistical methods were
adopted.
Findings – The findings revealed that personal satisfaction/prestige, support system, university education,
age, cumulative grade points and mothers’ education were statistically significant predictors, at p < 0.05,
across the two models examined. Fathers’ education and occupation were only significant in the second
model, that is, when controlled for prior entrepreneurial exposure. Also, the influence of faculties and barriers
of registration/information were significant at 10% level only in the second model. Finally, the study found no
statistically significant differencing across gender, family status, mothers’ occupation and relationship with a
real estate entrepreneur.
Practical implications – Entrepreneurship is a significant factor influencing economic growth and
increased market competitiveness, an examination of students entrepreneurial intentions appear important,
especially in regions where there are low economic opportunities.
Entrepreneurial
intentions
Received 27 July 2020
Revised 1 October 2020
Accepted 11 October 2020
Journal of Facilities Management
© Emerald Publishing Limited
1472-5967
DOI 10.1108/JFM-07-2020-0048
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