The effect of personal financial characteristics on entrepreneurial intentions of students from the Faculty of Entrepreneurship, University of Tehran

Studies have shown the significant impact of entrepreneurial intention on starting and running a business and the importance of financial issues on the formation of entrepreneurial intention. However, few research has been done on financial issues and their impact on entrepreneurial intention, especially among university students. Therefore, the main objective of this paper is to use the theory of planned behavior to investigate the effect of personal financial characteristics such as (financial optimism, perceived access to finance, financial self-efficacy and financial overconfidence) on entrepreneurial intentions of students from Faculty of Entrepreneurship, University of Tehran. In terms of purpose, this research is practical, and in terms of nature, it is a quantitative- correlation study. A sample of 294 postgraduate students from the Faculty of Entrepreneurship, University of Tehran was selected using the random sampling method. A questionnaire was used for data collection and AMOS24, SPSS21 software was used for data analysis. The results showed that personal financial characteristics had a positive and significant effect on entrepreneurial intention of students. In addition, the results of this study showed that financial optimism and perceived access to finance had a positive and significant effect on students’ entrepreneurial intention, but financial self-efficacy and financial overconfidence were not significantly correlated with students' entrepreneurial intention.