Ground-work on short- and long-term entrepreneurial intention among underdog entrepreneurs: fresh insight in covid-19 to reduce the economic insecurity.

Abstract

The study aims to look into students’ short- and long-term entrepreneurial intentions in COVID-19 using the planned behaviour theory and Triple Helix Theory. The psychological discussion was guided by the planned behaviour theory, and support factors for the intention were guided by the triple helix theory. To achieve the study’s goal, data are gathered from 591 students via a questionnaire to develop entrepreneurial intention in Pakistan using CFA and SEM. According to the findings indicated, entrepreneurial influence, entrepreneurial support, and Islamic religious practices all play a significant role in developing short and long-term entrepreneurial intention. A full collinearity test was also used via variance inflation factor (VIF < 3.3) to solve the problem of the common bias method. This study assisted policymakers in developing curricula and strategies to improve individual skills and psychological characteristics. Furthermore, the research directed institutions to focus on psychological factors, and provide full support through the activation of business incubator centres, as well as collaborate with the private sector to provide financial assistance to cope with food insecurity, job insecurity, and unemployment.