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Licensed Unlicensed Requires Authentication Published by De Gruyter January 7, 2022

Moving from Intentions to Actions in Youth Entrepreneurship: An Institutional Perspective

  • Galina Shirokova ORCID logo , Oleksiy Osiyevskyy ORCID logo EMAIL logo , Karina Bogatyreva ORCID logo , Linda F. Edelman and Tatiana S. Manolova ORCID logo


Situational factors may facilitate or frustrate the translation of entrepreneurial intentions into subsequent actions. In this study, we use data from two waves of a large-scale cross-country study of student entrepreneurship, the Global University Entrepreneurial Spirit Students' Survey (GUESSS), conducted in 2011 and 2013/2014 (n = 1434 students from 142 universities in nine countries), in order to investigate the impact of country-level institutions (financial market institutions and legal institutions) on the link between entrepreneurial intentions and subsequent start-up activities. We find that the quality of legal institutions has a significant positive impact on the translation of intentions into actions, whereas the quality of the national financial system does not influence the intentions-actions link. Theoretical and public policy implications are discussed.

Corresponding author: Oleksiy Osiyevskyy, Haskayne School of Business, University of Calgary, SH 426, 2500 University Drive NW, Calgary, AB, T2N 1N4, Canada, E-mail:

All authors contributed equally to the study

Award Identifier / Grant number: 19-18-00081


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Received: 2019-07-27
Accepted: 2020-03-19
Published Online: 2022-01-07

© 2020 Walter de Gruyter GmbH, Berlin/Boston

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