Hybrid entrepreneurial intention through the lens of entrepreneurial event theory

Hybrid entrepreneurship allows individuals to venture into a business while simultaneously retaining their salaried job. The phenomenon is commonly found across the globe. However, research on hybrid entrepreneurial intention is still at an evolving stage. The main objective of this study is to examine the relationship between perceived desirability and perceived feasibility toward hybrid entrepreneurial intention. Questionnaires were distributed to working individuals using a convenience sampling method. The study successfully collected 177 valid responses, and the data were analysed using Partial Least Squares Structural Equation Modelling (PLS-SEM 4.0). The findings revealed that perceived desirability and perceived feasibility played significant roles in shaping hybrid entrepreneurial intention. The paper extends the current knowledge on hybrid entrepreneurial intention by analysing the effects of perceived desirability and perceived feasibility based on Entrepreneurial Event Theory (EET). The practical implications of these findings are: (i) support from multiple institutions is essential to encourage working individuals to embark on entrepreneurial activities; and (ii) entrepreneurship programmes for early-stage hybrid entrepreneurs should be developed to equip them with the necessary knowledge, skills, and networking opportunities.