Exploring the Factors that Effect Entrepreneurial Intentions

Abstract

This study examined the factors affecting entrepreneurial intentions. Four variables, namely adversity quotient, locus of control, self-efficacy, and relation support were chosen to determine their effect on entrepreneurial intentions. Furthermore, the mediation effect of self-efficacy was also examined to understand the mediation effect of adversity quotient and entrepreneurial intentions as well as locus of control and entrepreneurial intentions. The survey data were collected from 274 undergraduate students taking entrepreneurship courses in the Faculty of Economics and Business (FEB), Universitas Negeri Surabaya. Data were analyzed using smart PLS 3.0. The results revealed that adversity quotient has no significant influence on entrepreneurial intentions. On the other hand, adversity quotient and locus of control have a positive and significant influence on self-efficacy. Locus of control, relation support, and self-efficacy have a positive and significant influence on entrepreneurial intentions. The findings show that self-efficacy fully mediated the relationship between adversity quotient and entrepreneurial intentions and self-efficacy partially mediated the relationship between locus of control and entrepreneurial intentions.