Increasing Students’ Entrepreneurial Intention Using Internal and External Factors through Entrepreneurial Self-Efficacy

Abstract

Entrepreneurship is one of the most important drivers in a country's economic growth in which it contributes to the reduction of unemployment rate. This explains why various institutions have been leveraging resources at their disposal to boost the entrepreneurial intention of students across the country. This research aims to investigate the effect of family environment and entrepreneurship education through entrepreneurial self-efficacy towards students’ entrepreneurial intention. This study took on a quantitative approach, where the data obtained from surveys are evaluated statistically using the SmartPLS software. The researcher has taken 215 samples from a population of 458 students in 2018 cohort, majoring in International Business Management of Universitas Ciputra Surabaya, using the simple random sampling method. The findings suggest that there is a positive and significant direct relationship between family environment and entrepreneurial intention, entrepreneurship education and entrepreneurial intention, family environment and entrepreneurial self-efficacy, entrepreneurship education and entrepreneurial selfefficacy, as well as entrepreneurial efficacy and entrepreneurial intention. Furthermore, the results show that entrepreneurial self-efficacy partially mediates the relationship between family environment and entrepreneurship variables towards entrepreneurial intention. This research contributes to the Social Cognitive Theory and implications are discussed.