Assessment of entrepreneurial self-efficacy and personal entrepreneurial characteristics of technical college students in Southwestern Nigeria.
The study examined the Personal Entrepreneurial Characteristics (PEC) of technical college students, and investigated the perception of the students on their Entrepreneurial Self-Efficacy (ESE). It also appraised the effects of PEC and ESE on technical venture creation intention of the students. This was with a view to suggesting policy recommendation that can address the PEC and ESE of these students, thereby encourage them to see self-employment as visible option. Primary data were collected through in-depth interview and administration of questionnaire from three technical colleges each in Lagos, Ondo, and Ogun States. Fifty students from each of the nine technical colleges were randomly selected totalingfour hundred and fifty. Ondo and Lagos States were purposively selected because of the location of private and federal technical colleges respectively while Ogun State was randomly selected. The questionnaire elicited information on respondents’ bio-data and entrepreneurial activities. It also gathered information on PEC, such as, opportunity seeking, information seeking, persistence, risk taking, demand for efficiency and quality, among others. In addition, the questionnaire collected information on ESE which had five items such as searching, planning, marshaling, implementing-people, and implementing-finance. The data collected were analysed using both descriptive and inferential statistics. The result showed an above average score for PEC by the students because the values of all the PEC variables were between 3.0 and 4.0. Also, the perception of ESE has mean value that is above average which indicated that the students have above average ESE. The result for objective three using binary logistics regression shows that five items out of fourteen are significant in venture creation intention while multiple regression analysis showed that the model has positive but insignificant relationship between the dependent and independent variables. It also showed that PEC and ESE explain intention in the students attitude towards venture creation by 1.2% (R2 = 0.012). The study concluded that there was need to improve upon their level of PEC and ESE and other factors that encourage or motivate students to create ventures.