Entrepreneurial Self-Efficacy of Indian Youth

Abstract

This chapter empirically examines the significance of an individual's family climate and its six dimensions (open communication, intergenerational attention, intergenerational authority, emotional cohesion, cognitive cohesion and adaptability) in driving entrepreneurial self-efficacy. Responses to a structured questionnaire were collected from 1123 students from all over India through email. A stepwise regression analysis was performed using SPSS 26.0 to measure the strength of relationship between family climate dimensions and entrepreneurial self-efficacy of an individual. Additionally, a bivariate regression analysis was performed to examine the overall influence of family climate on entrepreneurial self-efficacy. The relationship between family climate (FC) and entrepreneurial self-efficacy (ESE) was found to be positive and statistically significant. Three dimensions of FC (i.e., open communication, emotional cohesion, and intergenerational attention) emerged as significant predictors of an individual's entrepreneurial self-efficacy.