INFLUENCE OF FINANCIAL LITERACY AND EDUCATION SKILLS ON ENTREPRENEURIAL INTENT: EMPIRICAL EVIDENCE FROM YOUNG ENTREPRENEURS OF PAKISTAN

Abstract

Any country's economic development depends heavily on entrepreneurship. The impact of financial literacy on young people's entrepreneurial orientation in Pakistan is examined in this study. The entrepreneurial perspective mediation in Pakistani business students' relationships to entrepreneurial information, business incubators, internship programmes, and entrepreneurial goals. The domain of study of entrepreneurship now encompasses a wide range of topics. Numerous research that look at the causes of entrepreneurial intention have emerged; the majority of them focus on identity qualities and other mental aspects. Nevertheless, the studies place less emphasis on practical forms of entrepreneurship education like internships and company incubators. Therefore, the goal of the current study is to close this gap by empirically mediating how an internship programme and business incubator effect students' entrepreneurial goals in the setting of Pakistan. The research model was put to the test using PLS-SEM, and a measurement model was verified using a more advanced approach and its connection to entrepreneurial aim. Self-administrative closed-ended questionnaires were used to collect primary data from the test of 170 registered students in the department of business management at several institutions in Pakistan. Comfort testing methodologies were inferred. To evaluate the study hypothesis, the data were examined using a multiple regression model. It was recommended that colleges focus on developing their educational curricula based on entrepreneurial knowledge and cultivate a favourable attitude that can influence students' entrepreneurial inclinations. At the end of the day, it may contribute to innovativeness and employment opportunities.