THE INFLUENCE OF RISK TAKING, SELF- EFFICACY, PERSONAL ACHIEVEMENT AND FINANCIAL FACTORS ON ENTREPRENEURSHIP: EMPIRICAL FINDING FROM HIGHER EDUCATION SECTOR OPERATING IN KARACHI

Abstract

Purpose The purpose of this study is to find out entrepreneurial intention of fresh business graduates and final year business students. This research aims to find out factors which significantly impact entrepreneurial choices of business students. Methodology & Design The study was conducted based on quantitative data which was collected through questionnaire by taking response from 384 final year business students and fresh business graduates of Karachi. The study focuses on four independent variables which include risk taking, self-efficacy, personal achievement and financial factors and their impact on the dependent variable entrepreneurship of business students. With help of SPSS tools data was analyzed through regression test and Pearson correlation. Findings The results obtained through SPSS with regression and correlation test shows that there is a positive correlation between risk taking ability of graduates, self-efficacy of graduates, personal achievement of graduates, financial factors and entrepreneurship. All these factors influence perspective of business graduates when they have to take a step in their profession.Limitations This study limited to Karachi only finding. Therefore a similar research must be done whole country. Recommendations Universities and government must take steps to promote and young generation through educational platfomt. These efforts will be resulted increase in employment opportunities and economic growth of society.