Factors Influencing Students’ Entrepreneurial Success: A Case Study of Lac Hong University

Abstract

Nowadays, Industrial Revolution 4.0 has exploded, and it has strongly promoted the entrepreneurial spirit to spread in the national and global economy. One of the urgent requirements today is to improve students' abilities in the startup process, from strengthening entrepreneurship, forming startup ideas to building a startup culture. The survey results of more than 400 students at Lac Hong University in Dong Nai province showed that there should be more powerful impacts to promote entrepreneurship among students. Therefore, this paper's main objective was to find out the key factors affecting the students’ entrepreneurial success of Lac Hong University (LHU). The researchers surveyed 450 students who are studying at LHU. The researchers applied a simple random sampling technique. The researchers had tested Cronbach's Alpha, the exploratory factor analysis, and Structural Equation Modelling (SEM). The paper used a questionnaire on a 5-point Likert scale. Finally, five key factors affected the students’ entrepreneurial success of LHU with a significance level of 0.01.