Entrepreneurial Intention Among Polytechnic Students in Nigeria: The Role of Self-Efficacy and Social Networks

Abstract

This study was carried out to examine the role of self-efficacy and social networks on entrepreneurial intention among polytechnic students in Ile -Ife Osun state, Nigeria. Theory of Reasoned action was used as a theoretical framework for this study. A survey design was adopted. The data for this study was collected in 2018 via a purposive sampling technique, where 240 students (81 females and 159 males) with age range of 21-35 years (M = 23.61, SD = 2.63) were selected from one polytechnic. Inferential statistics (t-test for independent measure) was used to test the hypotheses in this study. Result showed that there was significant difference between entrepreneurial intention of polytechnic students with low self-efficacy and high self-efficacy. There was significant difference between entrepreneurial intention of polytechnic students with low social network and high social network. Therefore, to improve entrepreneurial intention among polytechnic students, psychologists should organize psycho-educational interventions aim at increasing self-efficacy and social networks of polytechnic students.Reference: Ojewumi, K.A., Fagbenro, D.A. (2019). Entrepreneurial intention among polytechnic students in Nigeria: the role of self-efficacy and social networks.

Women’s entrepreneurial intention: The role of sticky floor perception and social networking

“…The results revealed a more strengthened positive relationship between sticky floor and entrepreneurial intention once women participants exhibited stronger and higher levels of social networking behaviours. The findings of the current study reinforce the previously examined direct relationship between social networking and entrepreneurial intention (Ojewumi and Fagbenro, 2019) and further extend it by identifying the enhanced moderating role of social networking behaviour on the sticky floor–entrepreneurial intention relation.…”

“…Entrepreneurial intention has been stated to involve the willingness and/or desire to carry out entrepreneurial ventures (Linan and Chen, 2009; Ojewumi and Fagbenro, 2019; Quan, 2012). Bird (1988: 442) defined entrepreneurial intention as ‘entrepreneurs’ states of mind that direct attention, experience, and action toward a business concept, set the form and direction of organizations at their inception’.…”

“…Subjective norm represents the attitudes of an individual’s circle of acquaintances and referent people (Linan et al, 2011; Miranda et al, 2017; Santos et al, 2016; Shinnar et al, 2018). It is assumed that behaviours accepted and approved socially may positively influence a person’s intention to perform these behaviours (Ojewumi and Fagbenro, 2019). Finally, perceived behavioural control is considered a significant and distinguishing component of the theory as it combines both self-efficacy (i.e.…”

“…Social networks were recognized as substantial sources for obtaining market-related information and knowledge, identifying new opportunities and business ideas, allocating financial aid and required funds, acquiring human and technological resources and providing encouragement and emotional support, which prove to be of significant value to entrepreneurship in general and entrepreneurial intention in specific (Chang et al, 2009; Jenssen, 2001; Langowitz and Minniti, 2007; Ozgen and Baron, 2007). A study among polytechnic students in Nigeria demonstrated that students possessing greater social networks were more intent on embarking upon entrepreneurial ventures than students with fewer social networks (Ojewumi and Fagbenro, 2019). Studies also exhibited a significant link between the social and emotional support received from social networks and an individual’s intent to start a new business (Farooq et al, 2018; Ismail at al., 2009; Linan and Chen, 2009).…”

Psycho-demographic Factors and Entrepreneurial Intention Among University Students

“…Empirical studies have investigated many precursors of EI which include self-efficacy and social networks (Ojewumi & Fagbenro, 2019), gender and self-efficacy (Ojewumi, Oyeleke, Agberotimi & Adedayo, 2018), entrepreneurship educational support and informal network (Amos, Oluseye & Bosede 2015), fear of failure and entrepreneurial self-efficacy (ESE) (Okoye 2016). Despite the important findings of these studies, little or no study have investigated the psychological factors (resilience, locus of control, perceived social support) on EI especially among final year students in Osun state, Nigeria.…”