Entrepreneurial Intention of the Undergraduates: A Study of Final Year Students in Rajarata University of Sri Lanka
Sandarekha, K.G.A. and Jayathilake, P.M. B. (2017) Entrepreneurial Intention of the Undergraduates: A Study of Final Year Students in Rajarata University of Sri Lanka, 6th International Conference of the Sri Lanka Forum of University Economists, Rajarata University of Sri Lanka, Mihintale, Sri Lanka
4 Pages Posted: 10 Jan 2018
Date Written: November 23, 2017
Entrepreneurship has been important in recent years due to its contributions to national economy and the society at large (Gerba, 2012). Entrepreneurship contributes to the economy by reducing one of major economic problem of unemployment. Although Sri Lanka has more educated work force, the unemployment rate in Sri Lanka increased to 4.2 percent in 2016 (Central Bank of Sri Lanka, 2016). Self-venturing has been identified as one of main solutions for unemployment in the country. When considering Sri Lankan current context, it is important to identify youths’ intention to be an entrepreneur. Youth is the power full force in a country because youth unemployment leads to various economic and social issues. According to the available data there are 41,000 unemployed graduates in Sri Lanka (Ceylon News Paper, 2016). A greater percentage of fresh graduates passing out from universities have a preference in searching for a wage employment rather exploring the opportunities for an entrepreneurial career. According to a recent study of the Ministry of Tertiary Education and Training "about 73 percent who had passed out as graduates were unemployed", Thus unemployment is a persistent problem in the country even among the "educated” youths (Ilmudeen, 2009). Entrepreneurial graduates have been identified as a viable option to solve the problem of graduate unemployment and get them involved in the economic activities. Studies conducted in various countries found that entrepreneurial intention of undergraduates and graduates are determined by a range of factors (Keat & Shuhymee, 2012, Lee et al., 2012, Wu & Wu, 2008). However, findings of those studies are yet inconclusive and loaded with vague assertions. Thus, the present study examined the factors influencing the entrepreneurial intention among final year undergraduates of the Faculty of Management Studies, Rajarata University of Sri Lanka.
Keywords: Attitudes, behavioral control, entrepreneurial intention, social norms
JEL Classification: 26
Suggested Citation: Suggested Citation