The Entrepreneurial Intention of Undergraduates in Sri Lankan Universities

Abstract

This paper presents evidence of factors that affect the entrepreneurial intentions of undergraduates of Sri Lankan universities. Two hundred undergraduates that represent five faculties from the leading universities in Sri Lanka were selected using convenient judgment sampling technique for the investigation. Questionnaire survey was made in collecting data. Descriptive statistics and multiple regression technique were used in analyzing data. Results reveal that social factors, psychological factors, economic factors and political and legal factors are prominent factors that lead to become entrepreneurs. Further, it was found that there is a less intention among undergraduates to be entrepreneurs compared to other employments. Unwillingness to bear risk and funding problems were found to be as main reasons for a less intention to become entrepreneur among undergraduates.