Contextual factors, individual psychological attributes and entrepreneurial intentions among the management students of Nepalese Universities
Date
2023
Authors
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Journal ISSN
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Publisher
Department of Management
Abstract
The dissertation entitled "Contextual Factors, Individual psychological Attributes and
Entrepreneurial intentions among the Management Students of Nepalese universities"
aimed to analyses the influence of contextual factors and individual psychological attributes
variables on entrepreneurial intentions among the management students of Nepalese
universities. It presents a structural model that has been developed from a set of
management student perceptions.
The study utilized a combination of critical literature analysis and statistical research. To
conduct the research, a causal quantitative methodology called structural equation
modelling (SEM) was applied using the SMART-PLS 4 program. Additionally, factor
analysis was used as a descriptive methodology.
Research conducted on a sample of over 300 Nepalese students has shown that all
individual psychological attribute factors are statistically significant in assessing the
entrepreneurial intentions of management students of Nepalese universities. As the results
show, contextual factors positively influence students' psychological attributes. The
individual psychological attributes positively influence entrepreneurial intentions among
the management students of Nepalese universities.
The results suppose both theoretical and practical implications for encouraging university
students to become entrepreneurs, whether in or outside of an academic setting. To promote
entrepreneurship among students, universities should prioritize cultivating a positive mind
set towards entrepreneurship and emphasize that despite the challenges involved in starting
a business, entrepreneurship can be a worthwhile and appealing option. Entrepreneurship
programs offered by universities should thus focus on shaping the attitudes of potential
entrepreneurs.
In the study, the personal and contextual factors influencing the entrepreneurial intentions
of students were taken into account. The causal model generated on a sample of 300
management students of Nepalese universities shows the importance of individual factors
on entrepreneurial intentions and the impact of contextual constructs on individual
psychological attributes. Contextual factors vis-à-vis education, public policy, and business
environment were found to have a positive impact on individual psychological attributes
vis-à-vis attitude, perceived behavioural control and subjective norms as well as
entrepreneurial intentions.
Description
Keywords
Entrepreneurial intentions, Psychological attributes, Management students, Business environment