Technological skills and access to finance are major indicators of graduate
entrepreneurial behaviors. They are also among the most challenging factors
for creating new technology-based venture. Although the integration of
technology readiness (TR) and financial literacy (FL) toward technopreneurial
behavior (TB) has not been investigated, evidence in the literature supports their
relationships. This paper investigates the combined role of TR and FL on
technopreneurial intention (TI) and behavior. A cross-sectional survey was
carried out and data was collected from 226 graduates. Statistical Package for
the Social Sciences (SPSS) and Structural Equation Modeling (SEM) with
Analysis of Moment Square (AMOS) graphics were used to analyzed a model
with four-stage mediations. The findings show that TI is a full mediator on the
relationship between TR (optimism and innovativeness) and TB. Similarly, it is a
full mediator on the relationship between FL and TB. However, TI does not
mediate the relationship between TR (discomfort and insecurity) and TB. The
paper is the first to investigate the mediating effect of TI on the relationship
between TR and TB as well as FL and TB among graduate using unified theory
of technology acceptance and use (UTAUT 2). This research offers insights
toward new technology-based firms’ creation. Equally, it has practical
implications for graduate students, institutions of higher learning, formal
financial institutions, and policy makers regarding technopreneurial
development.
