The Effect of Self－Efficacy and Relational Support on Entrepreneurial Intention of Korean University Students: Focusing on Moderating Role of Relational Support

[Purpose]This study was designed and aimed at testing both direct effect of self－efficacy and relational support on entrepreneurial intention of Korean university students. Testing moderating role of relational support was another purpose of this study. [Methodology]Three hypotheses were established on the basis of previous studies. Data was collected from university students consisted of 5 different university across the country. Factor analysis was conducted to ensure reliability and validity of the data, and then multi hierarchical regression analysis was applied to test the hypotheses. [Findings]The test results showed that both self－efficacy and relational support had positive effects directly on entrepreneurial intention. However, relational support had no moderating effect in between self－efficacy and entrepreneurial intention. [Implications]Self－efficacy and relational support were verified as the key variables that work positively in forming entrepreneurial intention of university students. Meanwhile, building self－efficacy needs to come first in order to activate relational support effectively in entrepreneurial process.