Perceived Access to Finance, Entrepreneurial Self-Efficacy, Attitude Toward Entrepreneurship, Entrepreneurial Ability, and Entrepreneurial Intentions: A Botswana Youth Perspective

Abstract

Governments in emerging markets in Africa need to focus more on the factors that drive the entrepreneurial ability of the youth on the continent. This approach is required to lower unemployment levels through self-employment and stimulating entrepreneurial intentions among graduates. Considering this, the research aimed to determine the factors influencing youth entrepreneurial ability and their effect on entrepreneurial intentions. Data were collected through a cross-sectional survey from 347 youths enrolled at five universities in Botswana and analyzed through structural equation modeling to test the formulated hypotheses. The results established that perceived access to finance, entrepreneurial self-efficacy, and attitude toward entrepreneurship positively influence entrepreneurial ability. In addition, entrepreneurial ability was found to positively affect entrepreneurial intentions. Therefore, it is important for universities in developing markets like Botswana to stimulate entrepreneurial thinking through curriculum development and establishing a positive mindset that will stimulate the development of goals and the understanding that failure is not always a negative outcome or characteristic.