An Empirical Study of Factors Effecting Entrepreneurial Intention among Youth

Abstract

The study is focused on the stimulating features affecting the entrepreneurial intention of the academic graduates. The objective was to analyze the effect of social factors and personality features on entrepreneurial intention. The study is further focused on university students. A survey was conducted to examine the aspects affecting entrepreneurial intention with reference to social factors and personality traits of students. Data was collected from the students of Quaid-i-Azam University, Islamabad, covering the heterogeneous population of students of different Departments of Faculties of Natural, Biological and Social Sciences. A positive relationship has been observed between independent variables like individuals personal characteristics, perception about own abilities to become an entrepreneur, influence of family and friends and dependent variable, i.e. entrepreneurial intention; however, the different aspects of study components showed a varying level of significance. The independent variables perception about qualities of an entrepreneur and career choice had an overall insignificant relationship with the intention for entrepreneurship in the present study. The statistical analysis of data indicates a significant relationship between the social factors as well as the personality features on the entrepreneurial intention among university students, and an entrepreneurs decision is influenced by different elements that associate varyingly to influence entrepreneurial intention. The consequences of this investigation demonstrate that different singular level elements associate to affect an individuals aim about entrepreneurship.