Religiosity and Entrepreneurial Intentions in Nigeria

Abstract

In assessing the influence of religiosity on entrepreneurial intention, and considering other factors such as family entrepreneurial background, personal attitude towards entrepreneurship, societal norms and perceived self-efficacy, the study employed Logistics regression model to analyze 100 cross-sectional data obtained from graduates and undergraduates of economics and business administration. The empirical result indicates that religiosity influence entrepreneurial intentions positively. Equally, the demonstrate the presence of a positive relationship between personal attitude towards entrepreneurship and societal norms, and a negative correlation between self-efficacy and entrepreneurial intentions. The intensity of religious teachings towards enhancing moral values in business and entrepreneurial intentions and the provision of loans and creation of enabling a business environment for intending entrepreneurs therefore recommended.

Influence of Entrepreneurial Education and Attitude on Entrepreneurial Intention of Graduating Students in a Nigerian University

“…The studies conducted by Abun, Foronda, Agoot, Belandres, and Magallanez (2018), Abun, Foronda, Agoot, Belandres and Magallanez (2018), David and Lawal (2018),…”

The mediating role of planned behaviour in the religiosity and nascent entrepreneurship nexus

“…, 2021), travel intention (Sujood and Bano, 2022), electronic wallet use intention (Persada et al. , 2021) and, relatedly, entrepreneurial intention (David and Lawal, 2018; Onjewu et al. , 2022).…”

“…By definition, the theory of planned behaviour (TPB) maintains that intentions are greatest when individuals are predisposed to a behaviour (attitude), experience strong subjective norms towards that behaviour and have a conviction of its successful performance (entrepreneurial self-efficacy) (Carr and Sequeira, 2007). Thus, a dense literature has accrued espousing TPB to describe outcomes such as environmental sustainability intention (Singh et al, 2021), travel intention (Sujood and Bano, 2022), electronic wallet use intention (Persada et al, 2021) and, relatedly, entrepreneurial intention (David and Lawal, 2018;Onjewu et al, 2022). Appertaining to the religiosity-nascent entrepreneurship nexus, a holistic examination of the unique effects of attitude, subjective norms and entrepreneurial self-efficacy in this association is seemingly missing.…”

“…However, they estimated environmental sustainability rather than nascent entrepreneurship. Similarly, David and Lawal (2018) examined the role of TPB in connecting religiosity with entrepreneurial intention. By no means have scholars clarified the link between religiosity and nascent entrepreneurship through a TPB lens.…”

“…Second, a more exacting indicator of entrepreneurship (nascent entrepreneurship) is captured, shedding greater light on the ingredients for yielding this desired outcome. Third, evidence is presented from the highly religious context of Nigeria (David and Lawal, 2018). In this regard, the belief in the supernatural is more likely to have a genuine influence on entrepreneurship behaviour in such an environment.…”