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Paper ID:IJSREM6365

Entrepreneurial Intentions among Management Students: Determinants, Barriers, and Policy Implications

Stream/Area:

-

Subject:

-

Paper ID:

IJSREM6365

Volume:

4 |

11 |

Nov 2020

Pages:

1-10

Publication Frequency:

Monthly (12 issues per year)

DOI
Digital Object Identifier
10.55041/IJSREM6365

License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.

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Authors

DPVR

Dr. P. Venkateswara Rao

Department of MBA

CMR Technical Campus , Medchal

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GSK

G Suresh Kumar

Department of MBA

CMR Technical Campus , Medchal

DPRS

Dr. P. Rama Seshayya

Department of MBA

CMR Technical Campus , Medchal

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Abstract

Entrepreneurial intentions (EI) among management students have attracted growing academic attention as higher education institutions are increasingly expected to produce job creators rather than job seekers. This study investigates the factors that influence entrepreneurial intentions among postgraduate management students in India, using Ajzen's Theory of Planned Behaviour (TPB) as the theoretical lens. A structured questionnaire was administered to 420 MBA students across six premier management institutes in Hyderabad, Bengaluru, and Mumbai. Data were analysed using Structural Equation Modelling (SEM) and multiple regression techniques. Results reveal that entrepreneurial attitude, subjective norms, and perceived behavioural control together explain 68.4% of variance in entrepreneurial intentions. Additionally, prior entrepreneurial exposure, family business background, and the quality of entrepreneurship education significantly moderate these relationships. Key barriers identified include risk aversion, lack of financial capital, inadequate mentoring ecosystems, and limited market knowledge. The study offers actionable recommendations for management institutions, policymakers, and industry stakeholders seeking to cultivate a robust entrepreneurship culture among future business leaders.

KEYWORDS

Keywords: Entrepreneurial Intentions Management Students Theory of Planned Behaviour Entrepreneurship Education Structural Equation Modelling India

Cite This Article

Dr. P. Venkateswara Rao, G Suresh Kumar, Dr. P. Rama Seshayya, "Entrepreneurial Intentions among Management Students: Determinants, Barriers, and Policy Implications," International Journal of Scientific Research in Engineering and Management, vol. 4, no. 11, pp. 1-10, Nov 2020. https://doi.org/10.55041/IJSREM6365

Full Article/Conclusion

This study provides a comprehensive empirical investigation of entrepreneurial intentions among management students in India, grounded in the Theory of Planned Behaviour and enriched by domain-specific moderators and a detailed analysis of barriers. The findings confirm that attitude toward entrepreneurship, perceived behavioural control, and subjective norms are significant and robust predictors of EI, with attitude emerging as the dominant force. Entrepreneurship education quality and prior entrepreneurial exposure meaningfully amplify these intentions, underscoring the critical importance of how—and not merely whether—entrepreneurship is taught in management programmes. The barrier analysis exposes a complex interplay of psychological, socio-cultural, and structural factors that suppress entrepreneurial intentions even among students with positive attitudes and high self-efficacy. Addressing these barriers requires coordinated action from management institutions, government bodies, and the corporate sector. Future research should adopt longitudinal designs to track whether EI translates into actual entrepreneurial behaviour, and should explore sector-specific and technology-domain-specific EI patterns, given India's rapidly evolving digital economy landscape. Gender-disaggregated analyses and cross-country comparative studies would further enrich the emerging body of knowledge on entrepreneurship in developing economy contexts.

References

Ajzen, I. (1991). The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50(2), 179–211. Ajzen, I. (2002). Perceived behavioral control, self-efficacy, locus of control, and the theory of planned behavior. Journal of Applied Social Psychology, 32(4), 665–683. AICTE. (2023). All India Survey on Higher Education 2022–23. Ministry of Education, Government of India. Bandura, A. (1986). Social foundations of thought and action: A social cognitive theory. Prentice Hall. Bird, B. (1988). Implementing entrepreneurial ideas: The case for intention. Academy of Management Review, 13(3), 442–453. Carr, J. C., & Sequeira, J. M. (2007). Prior family business exposure as intergenerational influence and entrepreneurial intent: A theory of planned behavior approach. Journal of Business Research, 60(10), 1090–1098. Chlosta, S., Patzelt, H., Klein, S. B., & Dormann, C. (2012). Parental role models and the decision to become self-employed: The moderating effect of personality. Small Business Economics, 38(1), 121–138. Fayolle, A., & Linan, F. (2014). The future of research on entrepreneurial intentions. Journal of Business Research, 67(5), 663–666. Fornell, C., & Larcker, D. F. (1981). Evaluating structural equation models with unobservable variables and measurement error. Journal of Marketing Research, 18(1), 39–50. Gupta, V. K., Turban, D. B., & Pareek, A. (2014). Differences between men and women in opportunity evaluation as a function of gender stereotypes and stereotype activation. Entrepreneurship Theory and Practice, 37(4), 771–788. Karimi, S., Biemans, H. J. A., Lans, T., Chizari, M., & Mulder, M. (2016). The impact of entrepreneurship education: A study of Iranian students' entrepreneurial intentions and opportunity identification. Journal of Small Business Management, 54(1), 187–209. Krueger, N. F., Reilly, M. D., & Carsrud, A. L. (2000). Competing models of entrepreneurial intentions. Journal of Business Venturing, 15(5–6), 411–432. Linan, F., & Chen, Y. W. (2009). Development and cross-cultural application of a specific instrument to measure entrepreneurial intentions. Entrepreneurship Theory and Practice, 33(3), 593–617. Linan, F., & Fayolle, A. (2015). A systematic literature review on entrepreneurial intentions: Citation, thematic analyses, and research agenda. International Entrepreneurship and Management Journal, 11(4), 907–933. Mwatsika, C. (2015). Entrepreneurship development and entrepreneurial orientation in rural areas in Malawi. African Journal of Business Management, 9(7), 317–330.

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Publication Date

11/24/2020

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