Entrepreneurial intentions: the role of family factors, personality traits and self-efficacy
| Date | 10 September 2017 |
| DOI | https://doi.org/10.1108/WJEMSD-03-2017-0018 |
| Published date | 10 September 2017 |
| Pages | 303-317 |
| Author | Muhammad Farrukh,Azeem Ahmad Khan,Muhammad Shahid Khan,Sara Ravan Ramzani,Bakare Soladoye Akeem Soladoye |
| Subject Matter | Strategy,Business ethics,Sustainability |
Entrepreneurial intentions: the
role of family factors, personality
traits and self-efficacy
Muhammad Farrukh
Postgraduate Center, Limkokwing University of Creative Technology,
Cyberjaya, Malaysia
Azeem Ahmad Khan
Gagan College of Management and Technology, Aligarh, India
Muhammad Shahid Khan and Sara Ravan Ramzani
Postgraduate Center, Limkokwing University of Creative Technology,
Cyberjaya, Malaysia, and
Bakare Soladoye Akeem Soladoye
Postgraduate Center, Limkokwing University of Creative Technology,
Puchong, Malaysia
Abstract
Purpose –The purpose of this paper is to investigate the impact of family background, big five personality
traits and self-efficacy on entrepreneurial intentions (EIs) of business students in private universities
in Pakistan.
Design/methodology/approach –Data were collected with the help of structured questionnaires, 500
questionnaires were distributed among the students and 306 useable questionnaires were received and
analyzed. Structural equation modeling was used to investigate the relationship among the study variables.
SmartPLS was utilized to run the analysis.
Findings –The findings revealed a strong relationship between the exogenous and endogenous variables.
The variance accounted by the independent variables was 74.3 percent in the EIs of the students. Family
background was found to have a positive impact on the EIs of students. The findings also showed a positive
relationship between self-efficacy and EIs. Consciousness, extroversion and openness to experience are
positively linked with EIs while neuroticism and agreeableness did not show any relationship.
Originality/value –The study’s findings attract the attention of the academicians to take note of the factors
examined while training the students the art of entrepreneurship. This is because this study hasrevealed that
if these factors are not present the intention of the students to start a business venture may prove to be weak.
Entrepreneurial activities are one of the biggest ways to reduce unemployment, thus, it is suggested that
academicians should develop psychological plans and training to motivate the students to convert their
intentions into actions.
Keywords Family background, Self-efficacy, Entrepreneurial intention, Personality traits
Paper type Research paper
Introduction
According to the size of labor force, Pakistan is the tenth largest country in the world.
Employment-unemployment statistics of the country is an important input for policy and
planning purposes. The latest statistics shows that 3.62 million people are unemployed.
(Pakistan Economic Survey 2014-2015). One of the biggest challenges faced by the
developing countries such as Pakistan is how to get their young people employed.
In Pakistan myriad of lads are graduating from the universities every year, without
corresponding job opportunities for them, consequently causing a diverse number of
violence, crimes and many other social vices.
In order to curb these social vices, the Government of Pakistan has been focusing
attention aiming at job creation and equally incorporating entrepreneurial training in the
World Journal of
Entrepreneurship, Management
and Sustainable Development
Vol. 13 No. 4, 2017
pp. 303-317
© Emerald PublishingLimited
2042-5961
DOI10.1108/WJEMSD-03-2017-0018
The current issue and full text archive of this journal is available on Emerald Insight at:
www.emeraldinsight.com/2042-5961.htm
303
Entrepreneurial
intentions
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