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This research examines how crowd wisdom influences entrepreneurial intention among undergraduate students.

June 7, 2026Open Access

The Influence of Crowd Wisdom on Entrepreneurial Intention: Evidence from a Second-Order CB-SEM Model

Key Points

This research examines how crowd wisdom influences entrepreneurial intention among undergraduate students.
Quantitative survey of 382 undergraduate business students
Stratified random sampling technique
Covariance-Based Structural Equation Modeling (CB-SEM) utilized with AMOS and SPSS software
Crowd wisdom positively influences entrepreneurial intention (β = 0.297, CR = 4.636, p < 0.001)
Dimensions of crowd wisdom significantly contribute to the construct
Model fit indicators: GFI = 0.927, CFI = 0.969, RMSEA = 0.048

Abstract

Purpose This research explores the impact of crowd wisdom, and its three sub-dimensions (guest speakers, mentoring, and peer-to-peer learning), on students’ entrepreneurial intentions. Design/methodology/approach The study used a quantitative survey of 382 undergraduate business students, employing a stratified random sampling technique from the target population. Covariance-Based Structural Equation Modeling (CB-SEM) was used with AMOS and SPSS software, and a second-order measurement model. Findings The second-order CB-SEM results reveal that crowd wisdom has a positive and significant impact on entrepreneurial intention (β = 0.297, CR = 4.636, p

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