Influence of self-efficacy on entrepreneurial intention among final year students of business colleges in Bhutan

Entrepreneurial intention has been considered one of the primary antecedents of entrepreneurship that fosters self-employment and job-creation. Since it is worth observing how one's entrepreneurial intention is shaped; therefore, this paper aims to investigate the influence of self-efficacy on entrepreneurial intention among final year students of the three business colleges at the Royal University of Bhutan. To measure the self-efficacy of students, Bandura's self-efficacy theory was used. The data were collected from 262 final year students of three business colleges in Bhutan through an online survey. Multiple regression analysis was conducted to test the hypotheses. The results revealed that all four factors have a significant influence on entrepreneurial intention. Of which emotional arousal had the highest influence on entrepreneurial intention of students, followed by mastery experiences. Whereas verbal persuasion has the least influence on entrepreneurial intentions. The findings have clear inferences for policymakers in framing policies to address the youth entrepreneurial intention.