Impact of self-efficacy on entrepreneurial intentions: Role of self-regulation and education

Abstract

Entrepreneurship plays a catalytic role in the financial development of the country and different regions associated within. The majority of the population in India lives in rural areas and rural entrepreneurship is the utmost essential input in the economic development of the nation. In this context, the objective of the present study is to analyse the entrepreneurial intentions of the rural youth. The study analyses the effect of self-efficacy on self-regulation. The present study further examines the impact of self-regulation on entrepreneurial intentions. Further, study also examines the mediating role of self-regulation between self-efficacy and entrepreneurial intentions. Lastly, the moderating role played by education between self-regulation and entrepreneurial intentions has also been examined. Data have been collected from the undergraduate, graduate and postgraduate students of the rural areas from Udhampur district (J&K). Exploratory and confirmatory factor analyses have been conducted to explore and validate the factors of different constructs. Structural equation modelling has been used to test the hypotheses. The study revealed that self-efficacy positively affects self-regulation. The study also revealed that self-regulation positively affects entrepreneurial intentions. Further, study revealed that self-regulation mediates between self-efficacy and entrepreneurial intentions. Lastly, education moderates between self-regulation and entrepreneurial intentions relationship. The study is cross-sectional in nature. Further, more factors affecting entrepreneurial intentions can be taken into consideration for better understanding of the concept.