Need for Achievement, Risk Tolerance, and Locus of Control Toward Entrepreneurial Intention Mediated by Perceived Behavioral Control

Abstract

The study aimed to examine determinants of entrepreneurial intention by integrating the perspectives of theory of planned behavior and personality traits. Data collected from 97 valid respondents were analyzed using PLS SEM. The findings revealed that locus of control has positif influence on entrepreneurial intention but need for achievement and risk tolerance do not have influence on entrepreneurial intention. Need for achievement and risk tolerance have positif influence on perceived bahavioral control. Locus of control doesn’t have influence on perceived bahavior control. Perceived bahavioral control has positif influence on entrepreneurial orientation. Furthermore, perceived bahavioral control was shown to have a positive mediation effect on the relationships between need for achievement and entrepreneurial intention and between risk tolerance and entrepreneurial intention, but can not mediate the relationship between locus of control and entrepreneurial intention. The findings of this study provide several important theoretical and practical implications for entrepreneurship education.