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.