Influence of Environmental Factors on Entrepreneurial Intention of Polytechnic Undergraduates in Osun State, Nigeria
Keywords:
polytechnic undergraduates, entrepreneurial intention, Environmental factorsAbstract
The study investigated the influence of environmental factors on the entrepreneurial intention of undergraduates in the polytechnics in Osun State, Nigeria. A descriptive survey design was employed and the study was conducted among 280 undergraduates selected using a multi-stage sampling technique. Three null hypotheses were tested at a 0.05 level of significance. A questionnaire adapted from literature and designed in 4-Likert format was used for data collection. The instrument was subjected to a panel of experts' validation and reliability test for internal consistency of the instrument yielded a Cronbach alpha of 0.79. Data analysis was based on 260 valid responses with the aid of regression analysis, ANOVA, and t-test for unrelated samples using SPSS version 23. The study found that environmental factor has a significant but negative influence on the entrepreneurial intention of polytechnic undergraduates (p<0.05; ꞵ = -.230). The entrepreneurial intention of the undergraduates was found to significantly differ in favor of engineering and management studies (p>0.05; F=224.035). The study concluded that unfavorable business environmental factors negatively influence the entrepreneurial intention of polytechnic undergraduates. The study, therefore recommended that the Government should rise to its responsibility by providing a favorable political and economic environment that would trigger the development of entrepreneurial intention and passion for entrepreneurship in polytechnic undergraduates in particular.
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