The Nexus Between Self-Efficacy and Professional Skills Development Among Accounting Students: Do Social and Cultural Factors Matter?

Abstract

Research conducted in various disciplines in developed countries demonstrates that self-efficacy beliefs significantly influence students' professional skills development. This study examines the influence of self-efficacy beliefs on the development of accounting students' professional skills based on their personality traits in a developing country. A survey using the five-factor personality model and self-efficacy scales was conducted with Indian accounting students. Results reveal that while accounting students exhibit high self-efficacy, their professional skills development is not solely driven by these beliefs. Other factors, including socioeconomic status, heredity and culture, also play a role in shaping their professional skills.

Keywords: accounting, culture, personality traits, professional skills, self-efficacy