INTERNAL LOCUS OF CONTROL AND ENTREPRENEURIAL INTENTION IN NEPAL: EXPLORING THE MEDIATING ROLE OF FAMILY SUPPORT

Author:
Dilli Ram Bhandari, Dhruba Prasad Subedi

Doi: 10.26480/ccsj.01.2024.11.18

This is an open access article distributed under the Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

This study explores the role of internal locus of control in shaping the entrepreneurial intentions of women micro-entrepreneurs in Nepal, with a particular focus on the mediating effect of family support. Entrepreneurship is a vital component for economic development, especially in developing countries like Nepal, where women’s participation in micro-enterprises significantly contributes to household income and community welfare. To achieve the stated objective, the data were collected from the primary source through structured questionnaire under convenience sampling technique from 322 women micro-entrepreneurs of Bharatpur Metropolitan City, Chitwan. The data were analyzed using Process Macro 4 at 95 percent confidence interval using the 5,000 bootstrapping samples. The findings reveal that women with a strong internal locus of control exhibit higher entrepreneurial intentions. Moreover, the presence of robust family support significantly enhances this relationship, providing emotional, financial, and logistical backing that enables women to pursue and sustain entrepreneurial activities. The findings of this study validated the set hypotheses that internal locus of control significantly affect the entrepreneurial intention and family support partially mediated them. These insights underscore the importance of fostering both individual psychological traits and supportive family environments to enhance women’s entrepreneurial engagement. The study concludes with policy recommendations aimed at empowering women micro-entrepreneurs through targeted training programs and initiatives to strengthen family support systems.

Pages 11-18
Year 2024
Issue 1
Volume 5