Predicting entrepreneurial intentions through self-efficacy, family support, and regret

Abstract

Purpose Entrepreneurial activities are the outcome of various individual dispositional and environmental factors. Taking both internal and external factors as the basic premise of venturing, this study aims to investigate the impact of entrepreneurial self-efficacy on intentions through the mediating role of regret and moderation of family support. Design/methodology/approach Data was collected through a questionnaire from 435 students of three large public sector universities at two points of time with an interval of four months. Findings Self-efficacy influences entrepreneurial intentions through regret, while the absence of family support increases regret. As the family support is often perceived to be absent in the Pakistani entrepreneurial culture, the outcomes are distinctive. Originality/value These findings add value in the existing literature by linking family support, self-efficacy and regret association, and their ultimate influence on entrepreneurial intentions.