Assessing Underlying Factors of Entrepreneurial Intention Among Young Saudis

Almost all country government, both emerging and developed, are encouraging young people to become self-sufficient by establishing their own enterprises. Many governments, such as the Kingdom of Saudi Arabia, have lucrative support programs in terms of business loans and other necessary services. Saudi Arabia is recognized as one of the world’s oil leaders, but its foresighted government supports its young citizens to shift their attention to non-oil sectors through its ambitious Vision-2030 plan. In this context, the authors were interested in knowing about endogenous entrepreneurial factors which should be explored in a research format. Main objective of the research is to unearth the impact of such latent constructs which would strengthen the intentions of the young Saudis to commence their own business in future. Authors have judiciously prepared the variables after diligent literature review and opted to validate in this study. A convenient sampling technique was used, and 312 respondents from different colleges in the Al-Kharj region of Saudi Arabia were approached to fill out the questionnaire online. However, after meticulous elimination, 219 respondents were selected. Cronbach’s alpha for reliability, AVE & CR for validity, Principal Component Analysis and Multiple regression modeling has been used in the study. MS-Office-365 and SPSS-21 were used for all statistical analysis. Despite of limitations listed, authors concluded that entrepreneurial attitude, entrepreneurial personality, self-efficacy, significant others, and perceived business viability are utmost essential ingredients which are not only positively correlated but also significantly explains the entrepreneurial intention of the respondents. According to the findings, almost all latent factors had a statistically significant impact on assessing the entrepreneurial intentions of young Saudis.