Abstract
The development and promotion of entrepreneurial behavior is an important ingredient in developing entrepreneurship ventures. This study examined the factors influencing college students’ intention to engage in entrepreneurial activities. Applying the Theory of Planned Behavior as the theoretical foundation the structural equation modeling technique through Smart PLS 3.0 was used to analyze the hypothesized relationship in this study. The results indicate that all the proposed research hypotheses were statistically supported. Specifically, entrepreneurial attitude, subjective norm, and perceived behavioral control were all significant in determining college students’ entrepreneurial intentions. Furthermore, it was demonstrated that entrepreneurial self-efficacy, entrepreneurial education, and student internship motivation (SIM) were also positive and significant predictors of college students’ entrepreneurial intention. The implications of these findings on the development of entrepreneurial programs and activities that will have a positive influence and encourage students to engage in entrepreneurial activities are discussed.
Highlights
Governments, policymakers, and business practitioners have paid much attention to entrepreneurship because of its strategic importance to sustaining and promoting economic and social development, creating and retooling new and existing jobs, innovation, and productivity
The significant impact of subjective norms (SNs) on the college students’ entrepreneurial intention is an indication that the perception of college students that is their reference groups including family, friends, relatives, and other important persons like teachers would approve their decision to venture into a new enterprise will have an impact toward driving up their intention to engage in entrepreneurial activities
Training and courses in entrepreneurship are vital to building the needed confidence in college students which will in turn impact positively on their intention to engage in entrepreneurial activities
Summary
Governments, policymakers, and business practitioners have paid much attention to entrepreneurship because of its strategic importance to sustaining and promoting economic and social development, creating and retooling new and existing jobs, innovation, and productivity. Entrepreneurship is defined as the capacity to create and identify business opportunities and take advantage of them to create value and profit (Ohanu & Ogbuanya, 2018; Shane & Venkataraman, 2000) It is considered as an evolutionary and innovative process of the capacity and professional skills toward the creation of new organizations (Chukwu et al, 2019; Gartner, 1988; Gieure et al, 2020).
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