Eudaimonic wellbeing and parental influence on student’s entrepreneurial orientation and intention

Abstract

Increasing entrepreneurship among students plays a crucial role in addressing the lack of job opportunities, which has contributed to rising unemployment rates in Indonesia. Enhancing entrepreneurial intention is seen as a viable solution to reduce unemployment. Previous studies have not conducted a comprehensive analysis involving research models that include well-being and parental influence factors in relation to entrepreneurial orientation and intention. This research aims to examine the roles of eudaimonic well-being, parental influence, and entrepreneurial orientation in fostering entrepreneurial intentions among 196 students from private universities in Indonesia. The study employed purposive sampling, and data collection was carried out through questionnaires. Structural Equation Modeling (SEM) was used for data analysis. The findings indicate that parental influence and eudaimonic well-being significantly impact entrepreneurial orientation and intention. Eudaimonic well-being mediates the relationship between parental influence and entrepreneurial orientation, while entrepreneurial orientation mediates the relationship between eudaimonic well-being and entrepreneurial intention. Additionally, a sequential mediation effect exists through eudaimonic well-being and entrepreneurial orientation between parental influence and entrepreneurial intention. The study suggests that increasing the role of parents in terms of influence and enhancing students' well-being through eudaimonic well-being are essential. The implications for educational institutions include developing strategies to boost entrepreneurial orientation and intention by fostering students’ eudaimonic well-being and leveraging positive parental influence. Creating a supportive environment that nurtures motivation, purpose, and confidence can promote entrepreneurship as a viable and fulfilling career path.