An Empirical Comparative Study Between the Theory of Planned Behavior and Psychological Capital in Predicting Entrepreneurial Intention

Abstract

Entrepreneurship is seen as a key part of economic growth in any country.Entrepreneurial Intention (EI) is thought to be the most important factor in predicting entrepreneurship.so, it is very important to know the factors that affect EI.The goal of this study is to find out how well the theory of planned behavior (TPB) can predict EI compared to psychological capital (PsyCap).Most studies use one of these models or a version of them to predict EI.Data was collected from 261 (214 male,47 female) polytechnic students of Arunachal Pradesh, INDIA, through a 5-point Likert scale questionnaire.Structural equation modelling (SEM) analysis was used to compare two structural models.The TPB was found stronger than that of PsyCap in predicting the EI of Arunachal Pradesh's polytechnic students.The results of our research suggest that encouraging polytechnic students to develop an entrepreneurial mindset by stressing the importance of attitude, perceived behavioural control, and psychological capital may improve their chances of becoming successful entrepreneurs.This paper offers suggestions for factors that practitioners in vocational and entrepreneurship education should take into account when they prepare students.

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