Effects of Religious Beliefs on Tendency Towards New Business Venture

Entrepreneurship is an emergent field in the recent decades which has been accompanied by very important efforts towards recognition of the grounds for its development. This research is conducted through a mixed method of questionnaire and interviews. The target group consists of students from the University of Tehran, and Shahid Beheshti as well as the Sharif University of Technology who have managed to start up businesses. The respondents believe in a strong inherent value system while they are trying to reinforce it and showing their adherence to religious principles. The findings indicate that owing to some intermediary variables, religious beliefs can indirectly impact the business venture. On the other hand, most of the Islamic teachings and Qoranic traditions which address economic issues largely evidence the religious tendency and association with entrepreneurship and new business startups.