The Role of Informal Institutions in Moderating the Relationship between Entrepreneurial Self-Efficacy, Entrepreneurial Outcome Expectations and Entrepreneurial Career Choice: A Conceptual Perspective

Current paper advances the body of knowledge for the moderating role of informal institutions in the relationship between entrepreneurial self-efficacy, entrepreneurial outcome expectations and entrepreneurial career choice. Several researches have established the relationship between Entrepreneurial Self-Efficacy (ESE), Entrepreneurial Outcome Expectations (EOEs) and Entrepreneurial Career Choice (ECC), but there are inconsistencies in the results. Many studies highlight the importance of ESE and EOEs in promoting ECC among students. In contrary, numerous studies reported a negative relationship between ESE, EOEs and ECC. The findings maintained that colleges’ final year trainees with high self-confidence and expected outcomes might not become entrepreneur unless the entrepreneurial climate is rooted by socio-cultural factors.