Relating entrepreneurial self-efficacy with entrepreneurial success: perception-based analysis of students of higher educational institutions

Abstract

This present research examines the effect of Entrepreneurial self-efficacy (ESE) and its sub-constructs on Entrepreneurial success (ES). The study uses primary data gathered from students, enrolled in entrepreneurial courses offered by topmost 100 ranked higher educational institutions (HEI). The questionnaire was sent to 500 students and 323 valid responses were considered (response rate: 64.6%). Among these, 195 were males, and 128 females. The study was carried out in Punjab, Haryana, and National Capital Region, regions of Northern India. The present study used SPSS software to investigate the relationship between “regressed on” and “regress on” variables. McGee’s scale was used to measure ESE. For measuring the dependent variable, i.e., “ES,” items were taken from scale of Linan, Battistelli, & Moriano. The results exhibited that three out of five sub-constructs of ESE, i.e., planning, implementing people, and implementing Finance, were positively significant to ES. The study suggests focusing on these three sub-scales for achieving success. Due policies are needed to emphasize ESE-Searching and ESE-Marshalling. In future, studies could be undertaken by taking gender and education as control variables.