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Abstract
The study aims to analyze the effect of influential factors (need for achievement, locus of control, instrumental readiness, situational factor) on entrepreneurial intentions. It seeks to identify how different dimensions of influential factors influence entrepreneurial intentions. Moreover, the study seeks to examine the mediating role of self-efficacy on the relationship between influential factors and entrepreneurial intentions. The study adopted a quantitative approach, gathering responses from 277 master’s students of Tribhuvan University affiliated campuses in Butwal sub-metropolitan city, Nepal using a structured questionnaire, a convenience sampling method. Data was analyzed using PLS-SEM software with different tools like assessment of measurement items, Model fit, IPMA and implemented bootstrapping technique for hypothesis testing. The results revealed that self-efficacy plays a vital mediating role in the relationship between locus of control and entrepreneurial intention. Likewise, instrumental readiness has a strong direct effect on entrepreneurial intention. It is evident that these factors are the major contributors to the entrepreneurial intention. Therefore, the management of Tribhuvan University affiliated campuses should consider these aspects to enhance the entrepreneurial intention. By understanding and reformulating policies based on these factors, there is a higher possibility of improving entrepreneurial intention.
Keywords: Entrepreneurial intention, self-efficacy, locus of control, instrumental readiness, need for achievement and situational Factors.