The influence of self-efficacy and achievement motivation on entrepreneurial aspiration : the case study of students from Riau province

Abstract EN

This study aims at identifying the influence of self-efficacy and achievement motivation on students’ entrepreneurial aspiration.

It focuses on five main factors: self-efficacy, access to capital, social networking, entrepreneurial knowledge and achievement motivation.

We administered a questionnaire to 389 university students and used AMOS to conduct a path analysis of the data.

The results suggest that all five analyzed factors influence students’ entrepreneurial aspiration.

Self-efficacy is mainly influenced by entrepreneurial knowledge, while social networking, access to capital and achievement motivation are less influential.

Also, achievement motivation is influenced by social networking and entrepreneurial knowledge but not by access to capital and self-efficacy.

Students’ entrepreneurial aspiration can be fostered by including in their entrepreneurship study curriculum subjects that are related to entrepreneurial knowledge, achievement motivation, self-efficacy, access to capital, and social networks.