Factors Influencing Entrepreneurial Intentions and the Role of Entrepreneurship Education in Indian Universities: A Stakeholder Perspective

Abstract

Purpose: This study aims to investigate the factors that influence the entrepreneurial intentions of university students in India, with a specific focus on family background, socio-cultural environment, and entrepreneurship education. Additionally, the research seeks to assess the current state of entrepreneurship education in Indian universities. Theoretical framework: A conceptual framework was developed based on an extensive literature review to establish relationships between stakeholders and entrepreneurial intention. This framework serves as a guiding structure for the study, enabling the examination of the various factors influencing entrepreneurial intentions among university students in India. Design/methodology/approach: The study employed an empirical research approach. Data was collected from a sample of 207 students using appropriate research instruments. The conceptual framework was tested using this data, enabling the identification and analysis of four stakeholder factors and three entrepreneurial intention factors. Findings: The findings reveal that specific dimensions of the socio-cultural environment and business development support have a positive and statistically significant impact on the entrepreneurial intention of university students in India. These results shed light on the factors that play a crucial role in shaping the entrepreneurial aspirations of students in the Indian context. Research, Practical & Social implications: The study emphasizes the need for high-quality entrepreneurship education, improved non-academic processes, and leveraging family background constructs to foster entrepreneurial intentions among Indian university students, providing valuable insights for policymakers and educational institutions. Originality/value: The study's conceptual framework, empirical research approach, unique insights, and practical recommendations contribute to the existing knowledge on entrepreneurship among Indian university students, providing valuable guidance for stakeholders in fostering a supportive educational ecosystem.