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Entrepreneurial Self-Efficacy and New Venture Creation Intention of Undergraduate Students in Rivers State
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Olanrewaju, Hazeez Akinremi, Prof. B. C. Onuoha
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Abstract:
This study examined the relationship between entrepreneurial self-efficacy and new venture creation intention of undergraduate students in Rivers State. Cross sectional research design was adopted in studying fifteen (15) of these start-up firms. Our respondents were the individual students constituting the population of the study. From the field survey, we retrieved and analyzed sixty one (61) copies of questionnaire from the participants; Spearman's rank correlation coefficient statistical tool was used to determine the relationship existing between the variables while the p-value obtained were used to test hypotheses developed for the study. Findings revealed the existence of significant relationship between the dimensions of entrepreneurial self-efficacy namely; attitude towards entrepreneurship, perceived behavioral control and subjective norms and new venture creation intention. It was then concluded that individual's beliefs as well as perceived behavioral control strongly affects his/her intention and behavior. This gave rise to our recommendations for the individual start-up firms and other business organizations to always develop positive disposition towards entrepreneurship to promote indigenous firms and prevent our economy from dominance of developed economies.
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