Abstract
Entrepreneurial intention plays a decisive role in the process of becoming an entrepreneur. It is not only the prerequisite for establishing a business but it also influences an individual’s behavior. This study aims to investigate the impact of three key personality traits of a prospective entrepreneur (entrepreneurial passion, creativity, and self-efficacy) in shaping their entrepreneurial intention. It is proposed that entrepreneurial passion, creativity, and self-efficacy positively influence entrepreneurial intention. Primary data were collected from 408 Chartered Accountancy (CA) students of the National Capital Region (NCR) of India with the help of a structured questionnaire. The cluster sampling method was used to select the sample from the targeted population. The data were analyzed using structural equation modeling (SEM). The results establish that the entrepreneurial intention of CA students is significantly influenced by their creativity, entrepreneurial passion, and self-efficacy, as all three traits allow an entrepreneur to identify opportunities with profit potential. A student who is passionate, creative, and confident in exploiting the new business idea will develop an intention to become an entrepreneur. The present study contributes to the literature by investigating the entrepreneurial intention of CA students, which has not been explored earlier. The significance of this study facilitates academicians and accounting organizations to focus on the personality traits of students, which helps in developing entrepreneurial intention in them.
Highlights
Globalization, workforce diversity, and modified working patterns have transformed individuals’ approaches to choose their occupations
This study aims to investigate the impact of three key personality traits of a prospective entrepreneur in shaping their entrepreneurial intention
The significance of this study facilitates academicians and accounting organizations to focus on the personality traits of students, which helps in developing entrepreneurial intention in them
Summary
Globalization, workforce diversity, and modified working patterns have transformed individuals’ approaches to choose their occupations. The personality traits of a successful entrepreneur strongly influence business decisions and differentiate them from unsuccessful entrepreneurs Possession of such traits among prospective entrepreneurs provides useful insights in determining the effective accomplishment of their entrepreneurial goal (Mueller & Thomas, 2001). Espiritu-Olmos and Sastre-Castillo (2015) explored the influence of traits such as self-enhancement, conservation, openness to change, self-transcendence, while Ferreira et al (2012) concluded that propensity to risk negatively influences entrepreneurial intention whereas tolerance, ambiguity, locus of control, and innovativeness has no significant relationship This indicates the dearth of more robust personality traits to be studied to develop an intention to become an entrepreneur. The theory of opportunity identification proposed that personality traits such as creativity and self-efficacy foster recognition of lucrative business prospects (Ardichvili et al, 2003). Summing up, this study focuses on investigating the impact of personality traits on the entrepreneurial intention of Chartered Accountancy (CA) students of India
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