Determinants of Entrepreneurial Intention Among Undergraduate Students in Indonesia

Abstract

This paper aims to identify determinants of entrepreneurial intentions among undergraduate students in Indonesia. Independent variables in the study include demographic factors, need for achievement, locus of control, self-efficacy, mentality, contextual elements, and entrepreneur education. This theoretical framework has been verified on 135 undergraduate students in one of the private university in Indonesia. The results found that the need for achievement and entrepreneur education are the variables that affect entrepreneurial intentions most significantly. Demographic factors, locus of control, self-efficacy, mentality, and contextual elements are not predictors of entrepreneurial intention. Generally, the level of entrepreneurial intentions among undergraduate students is relatively low, which may be explained by the desire of students to become employees are still great.