ENTREPRENEURIAL COMMITMENT AND ENTREPRENEURIAL SELF-EFFICACY AS PREDICTORS OF BUSINESS EDUCATION STUDENTS’ ENTREPRENEURIAL INTENTION IN EDO STATE

Abstract

The present study was on entrepreneurial commitment and entrepreneurial self-efficacy as predictors of business education students’ entrepreneurial intention in Edo State. Four hypotheses were formulated and tested at a 0.05 level of significance. The study adopted a Correlational survey research design. The population of the study comprised all business education students numbering 382 in the University of Benin and Ambrose Alli University, Ekpoma. The instrument used was a questionnaire titled: Entrepreneurial commitment, self-efficacy, and Entrepreneurial Intention Questionnaire (ECSEQ). The instrument was validated by two experts. The Cronbach alpha was used in ascertaining the reliability of the instrument and it yielded a reliability coefficient of .88 after administering the instrument to 20 business education students at Delta State University, Abraka. The data collected from the respondents were analyzed using simple linear regression and multiple regression analysis. The findings revealed that entrepreneurial commitment is a significant predictor of business education students’ entrepreneurial intention in Edo State (R² = .063, F (1, 196) = 13.276, P <. 05). The finding also revealed that entrepreneurial self-efficacy is not a significant predictor of business education students’ entrepreneurial intention in Edo State (R² = .005, F (1, 196) = .887, P >. 05). The finding further revealed that entrepreneurial commitment has a greater predictive power compared to entrepreneurial self-efficacy. Based on the findings, it was recommended that there should be a renewed commitment on the part of the students toward launching their entrepreneurial venture.