Abstract
Entrepreneurship is considered as engine of economic growth. Entrepreneurial process starts from development of entrepreneurial intentions. A large number of scholars have focused on the internal and psychological aspects regarding entrepreneur. However, little is known about how external factors can influence the development of entrepreneurial intentions. This study fills this gap by providing the effect of different governance variables on entrepreneurial intentions, which research is scarce. Primary data was collected from a sample of 550 students belonging from different universities of Pakistan. Structural equation modeling technique was used to analyze the data. The study found negative effects of individual governance variables on student' s entrepreneurial intentions. The study proposed a system of good governance to develop higher level entrepreneurial intentions.