Impact of Personality Traits and Demographic Factors on Transformation of Entrepreneurial Intention: An Exploratory Study Among the University Students of Dhaka City

Abstract

Bangladesh is an over populated country but our resources are limited. It is not poor in human capital but it is poor in managing human resources. It is really difficult to develop the economy of Bangladesh without proper accommodation of such a huge population. Entrepreneurship is the way to foster economic growth. Developing country like Bangladesh by proper nurturing the entrepreneurial culture and entrepreneurial efforts can make a sustainable development. Entrepreneurship can generate new employment opportunities. So in this perspective the study of entrepreneurship really bears a significant importance. In this study researchers have developed a theoretical framework which tries to identify the factors which has impact on entrepreneurial intention.  For this reason data were collected from the students of public and private universities of Dhaka city. From the previous literature various variables like risk taking propensity, need for achievement, locus of control, tolerance of ambiguity, self-confidence and autonomy, education and demographic factors such as gender, discipline have been tested to see their impact on entrepreneurial intention. By using Person’s correlation it is found that there is positive relationship between the independent variables and entrepreneurial intention.  In Multiple regressions the variables are statistically significant except locus of control and education. Chi- square results also show that there is statistically significant difference between male and female students regarding entrepreneurial intention but it is seen that there is no differences between business and other than business students.

Keywords: Entrepreneurship, entrepreneurial intention, personality traits, business and other than business students.