Influence of Cultural Capital and ESE on Entrepreneurship Intention of College Students

Abstract

The goal of this research paper is to develop a theoretical model to assess how students' cultural capital is connected to their entrepreneurial intention. Culture assists in forming social and economic institutions through identification of opportunities. Cultural capital acquired by a person has an influence on the recognition of entrepreneurial opportunities and firm founding. The researchers explored the predictive role of institutionalized and embedded cultural capital and the interceding influence of entrepreneurship's self-efficacy, which stimulates students' entrepreneurial intention. In the current research, researchers looked at this in the Indian context, among the students who are currently pursuing their academics. Snow ball sampling is used to identify the samples and all the structures and their corresponding objects were modified from the current literature to assess the content reliability. In the Indian context, the studies on influence of cultural capital in deciding the reasons why students may opt for self- employment is, rare. Centered on Bandura's SCT, the theory of self-efficacy and theory of cultural capital, the researchers projected an integrated model that reveals elements of cultural capital that contribute to entrepreneurial self-efficacy (ESE) that could lead to entrepreneurial intention. This research is an effort to explore how diverse aspects of cultural capital promote young people's entrepreneurial intentions. The study shows that cultural capital provides a valuable framework and provides a foundation for the creation of a systematic capital theory of human behaviour by future researchers.