A Model Proposal to Measure the Effect of University Students’ Innovation Capacity on Their Technological Innovation Tendencies

Ebru Ilgat () and Noyan Aydın ()
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Ebru Ilgat: Ankara Üniversitesi, Fen Bilimleri Enstitüsü, İstatistik Bölümü, Ankara, Türkiye
Noyan Aydın: Kütahya Dumlupınar Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, Ekonometri Bölümü, Kütahya, Türkiye

EKOIST Journal of Econometrics and Statistics, 2024, vol. 0, issue 41, 82-96

Abstract: Innovation is defined as the adoption or application of new ideas or products, fostering skill development and continuous learning. It also involves the integration of new technologies and business practises, with technological advancements enabling the creation and improvement of products and processes. In an increasingly competitive environment, the importance of technological innovation and entrepreneurship in the social and economic spheres is growing, requiring societies to adapt to rapid scientific developments. In this context, the knowledge acquisition, entrepreneurial, and creative capabilities of individuals and societies play a central role in socio-economic progress, impacting various sectors and promoting a culture of innovation. Entrepreneurship stands out as a key driver of economic progress, as entrepreneurs can develop new ideas and products. Creativity plays a significant role in organisational effectiveness and adapting to competitive environments, fostering innovation and enhancing performance in dynamic settings. This study examines the relationship between the innovation capacities and technological innovation tendencies of university students who have the greatest potential for innovation. Data collected from 836 students were analysed using structural equation modelling. The findings indicate that creativity is the most influential factor affecting innovation tendency, while the propensity to take risks is the least important factor. Accordingly, policies should be developed that include both informative and encouraging practical applications in education from early ages to change and enhance students’ entrepreneurial and innovative capacities and their attitudes towards risk-taking. In this way, significant contributions can be made to a country’s socio-economic and technological development.

Keywords: Technological Innovation; Innovation; Entrepreneurship; Structural Equation Model (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ist:ekoist:v:0:y:2024:i:41:p:82-96

DOI: 10.26650/ekoist.2024.41.1497279

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