Socio-Demographic Factors Affecting Entrepreneurial Intentions of Undergraduates

Abstract

In economics, entrepreneurship is considered one of the important factors of production. Moreover, it is a significant factor influencing growth and development of a country. Furthermore, higher start-up rates will contribute to the economic prosperity of a country. Graduate entrepreneurship - around the globe - is increasingly being seen as a vital source of competitiveness and the engine for economic growth and development. Many authors have identified entrepreneurial intentions as a means to better explain and predict entrepreneurship. Based on the idea that entrepreneurial intention is one of the key elements in explaining firm-creation activity, this paper attempts to investigate various socio-demographic factors affecting entrepreneurial intentions of Sri-Lankan-state-university undergraduates. A tool developed by Linan & Chen (2006) has been employed to measure entrepreneurial intention levels.