Examining the Role of Social Capital and Sustainability Orientation in Determining Social Entrepreneurial Intention Among Indian Students Using Structural Equation Modeling

Abstract

Although India has made greater strides in economic growth but despite that there exist huge inequality gap in the society and people are still devoid of basic amenities. The benefits of growth post liberalization has been only limited to rich and middle class in India. Over 60% of the Indian population still lives on less than $2 (about Rs.130 at current rates) a day. The presence of inequality and myriads of social and economic problems requires the need for social entrepreneurship. Social entrepreneurs can contribute in alleviation of social and economic issues by putting those less fortunate on the path towards a worthwhile life. The current study aims at understanding the factors responsible for formation of entrepreneurial intentions among Indian students. The conceptual model has been proposed to understand entrepreneurial intention formation. SEM is used to test the proposed hypotheses. Sustainability orientation is found to have most significant impact of entrepreneurial intentions followed by self-efficacy and social capital.