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This study analyzes the predictive factors influencing the entrepreneurial intentions of students at higher education institutions (HEIs) in a peripheral European region. The study includes a sample of 594 students and uses structural equation models for data analysis. The results show that the attitude to behavior and perceived behavioral control positively influence entrepreneurial intention. Furthermore, subjective norms positively impact the attitude to behavior and perceived behavioral control. 'Closer' valuation (i.e., of family, friends, etc) influences attitude to behavior and social valuation positively impacts subjective norms. This research contributes to the literature on entrepreneurial intention as it complements the Theory of Planned Behavior (TPB) with two environmental factors: closer valuation and social valuation. This is important because it provides evidence of whether the environment of the country in question influences entrepreneurial intention and indicates the need for investment in entrepreneurship education. Consequently, the study contributes to the literature by identifying educational factors that may influence students to become entrepreneurs in a peripheral European region. Further, this paper tests the relationship between the attitude towards behavior and subjective norms, perceived behavioral control and subjective norms, something not proposed in the original TPB model.

There is currently a renewed surge of interest in informal entrepreneurship around the world. One of the motives stems from how such entrepreneurship shapes and influences a substantial part of the global workforce. However, we may also verify how a major proportion of the research in this field focuses on developing economies and thus justifying the application of such analytical approaches to countries with different levels of economic development as is the case with Europe. Our research objectives, on the one hand, involve analysing the impact of R&D investment on informal entrepreneurship and, on the other hand, the moderating effect of the level of economic development on their innovative capacities and informal entrepreneurship results. To this end, and in accordance with Global Entrepreneurship Monitor, we divide the countries of Europe into two stages of development and may report that the higher the level of economic development, the greater the innovative capacity and, furthermore, the lower informal entrepreneurship becomes. The same holds for R&D investment with its increase being inversely proportionate to informal entrepreneurship. We, therefore, seek to contribute toward a better understanding of the problematic framework of informal entrepreneurship, in particular in the European context. [ABSTRACT FROM AUTHOR]