The Role of Social and Psychological Factors on Entrepreneurial Intention among Islamic College Students in Indonesia

Abstract

A B S T R A C T Objective:This study explores the influence of social and psychological factors on entrepreneurial behaviour among students studying at Islamic college of Kudus, Central Java, Indonesia. Research Design & Methods: Three hundred undergraduates that represent four faculties were selected using cluster-sampling technique for the investigation. Descriptive statistics and multiple regression technique were used to analyse data. Findings: Results revealed that both social factors such as family background, education system and social status and psychological factors like need for achievement, propensity to risk and locus of control are quite prominent and significant indicators to become entrepreneurs. Implications & Recommendations:The study discovered that all the social attributes have impacts on entrepreneurship intention. University students who are properly trained can obviously play a leading role in this regard. This study is useful in identifying suitable students for any entrepreneurial activity in future. With the support of government, they can promote entrepreneurial culture in the country. Contribution & Value Added: Research on student entrepreneurship has intensified in some countries, but few have explored Islamic students in Indonesia. Article type: research paper

Entrepreneurial intention of students in Bosnia and Herzegovina: what type of support matters?

“…When it comes to psychological and cognitive factors, certain authors have found that, in comparison with other people, entrepreneurs show some personality traits, such as strong orientation, individual control, and propensity to risks, endurance and intelligence (Peng, Lu, & Kang, 2012), creativity, self-confidence, (Goyanes, 2015), locus of control, need for achievement (Rokhman & Ahamed, 2015), ability to recognize opportunities, the fear of failure (Camelo-Ordaz, Di anez-Gonz alez, & Ruiz-Navarro, 2016). However, other researchers believe that these personality traits cannot be taken as an effective and only explanation of entrepreneurial intentions (Peng et al, 2012).…”

“…Supporting the social environment in which an individual resides is a significant predictor of entrepreneurial intention (Rokhman & Ahamed, 2015). Moreover, when it comes to young entrepreneurs, this kind of support could be of particular importance.…”

“…Authors consider education an important predictor of entrepreneurial intention, whether it is the education level (Ahmad et al, 2014), educational background (Kristiansen & Indarti, 2004), the perception of the education system and the quality of education (Belas et al, 2017), or entrepreneurial education (Rokhman & Ahamed, 2015), education major (Solesvik, 2013), and knowledge acquired (Liñ an, Rodr ıguez-Cohard, et al, 2011). Gelard and Saleh (2011), among other support types, included educational support in their model considering it as professional education in universities as an efficient way of obtaining necessary knowledge about entrepreneurship.…”

“…The entrepreneurial literature deals with various cognitive (Farashah, 2015) and psychological traits (Goyanes, 2015;Isiwu & Onwuka, 2017;Morales-Alonso, Pablo -Lerchundi, & N uñez-Del-R ıo, 2016;Rokhman & Ahamed, 2015), contextual (Gelard & Saleh, 2011;Goyanes, 2015) and other factors that affect entrepreneurial intention. When it comes to supporting factors, authors dealt with formal and informal support (Gelard & Saleh, 2011), structural and state support (Belas, Gavurova, Schonfeld, Zvarikova, & Kacerauskas, 2017), educational support (Belas et al, 2017;Gelard & Saleh, 2011), etc.…”

“…Among the most comprehensive types of support, we identified: social or informal support (Gelard & Saleh, 2011;Rokhman & Ahamed, 2015), formal support (Gelard & Saleh, 2011), regulatory or support of the state (Farashah, 2015;Belas et al, 2017;Goyanes, 2015). In addition, as educational support, we observe the perception of entrepreneurial competencies (Liñ an, Rodr ıguez-Cohard, & Rueda-Cantuche, 2011).…”