INFLUENCE OF SOCIAL CAPITAL ON ENTREPRENEURIAL INTENTION AND ENTREPRENEURIAL READINESS OF UNDERGRADUATE STUDENTS OF PUBLIC POLYTECHNICS FOR ECONOMIC DEVELOPMENT

L.F. Ademiluyi, N.B. Nwabufo, G.T. Oladunjoye, O.I. Ayelotan

Abstract


This study investigated the influence of Social Capital on entrepreneurial readiness and intention of public polytechnic students in the Sough-West, Nigeria. The study adopted a descriptive survey research design. The population of the study comprised 7,421HND I students of public polytechnics in the South-West, Nigeria out of which sample of 742 respondents were selected through multi-stage sampling technique out of which 692 respondents returned their filled questionnaire, which makes up 93.4% return rate. Two research questions were raised and two null-hypotheses tested in at 0.05 level of significant. Data were collected through structured questionnaire titled “Influence of Social Capital on Entrepreneurial Intention and Readiness of Undergraduates Students of Public Polytechnics for Economic Developmentâ€. The instrument was duly validated and was subjected to a pilot study, using Cronbach Alpha reliability test and a reliability coefficient of 0.89 was obtained. The data gathered were analysed using mean and standard deviation and the hypotheses were tested using Independent Sample T-test Analysis.  Findings from the study revealed that social capital has a very high positive influence on entrepreneurial readiness and intention of polytechnic students in the south west of Nigeria. It was also revealed that there was no significant difference in the mean responses of male and female students regarding the influence of social capital on entrepreneurial intention and readiness of public Polytechnic students in the South-west Nigeria. It was concluded that career choice made by undergraduate students, especially those in the polytechnics, should be a significant concern to all stakeholders, given the current situation of job scarcity. It was therefore, recommended among others that entrepreneurship curriculum should be designed to involve the social capital contents in such a way that, it will impact on students’ critical thinking and the intention and readiness to generate business interest for self-reliance and economic development.

KEYWORDS:  Entrepreneurship, Social Capital, Intention, Readiness, Economic Development


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