Family Comes First: An Investigation on Entrepreneurial Intention among Chinese Indonesian Gen Z

Kunthi Afrilinda Kusumawardani,Richard Richard

doi:10.33021/ijfbp.v3i1.1156

Kunthi Afrilinda Kusumawardani, Richard Richard

Open Access

https://doi.org/10.33021/ijfbp.v3i1.1156

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Abstract

<p>Family and education have often been studied by numerous researchers as the factors of entrepreneurs’ creation. The research discusses the influence of background of family and education in entrepreneurship on the entrepreneurial self-efficacy in shaping the entrepreneurial intention among Chinese Indonesian Gen Z. Through the application of the Theory of Planned Behaviour (TPB), this research employed quantitative method design. This current study uses Structural Equation Modelling (SEM) analysis of 202 individuals. The finding indicates that Family Background and Entrepreneurship Education affect Entrepreneurial Self-Efficacy, and Entrepreneurial Self-Efficacy mediates the relationship between Family Background and Entrepreneurship Education in Entrepreneurial Intention. However, Family Background and Entrepreneurship Education do not have direct influences on Entrepreneurial Intention. Based on the finding, it can be determined that Family Background and Entrepreneurship Education will stimulate a high Entrepreneurial Self-Efficacy which leads to Entrepreneurial Intention. Thus, this study suggests the stakeholder in education in Indonesia create an entrepreneurship-based system in the education curriculum to equip students with knowledge of entrepreneurship and develop the skills not only to discover the business opportunity, but also to create a sustainable one, and at the same time encouraging them to have self-confident in their capability in becoming thriving entrepreneurs. While the finding on Family Background signify that entrepreneurs are nurture, not nature since they need to be stimulated along with Entrepreneurship Education and Self-Efficacy. The limitation of this study lies in the size of the sample, thus future research is recommended to take a larger sample to get more representable data to envisage the Entrepreneurial Intention. This study provides an insight into the Entrepreneurial Intention among Chinese Indonesian Gen Z which has never been investigated in the past. Additionally, it contributes the empirical evidence of Entrepreneurial Self-Efficacy role in transforming Family Background and Entrepreneurship Education into Entrepreneurial Intention.</p>

Highlights

Indonesia is the fourth most populous country in the world (World Population Review, 2019), and with such position, the problem encountered by the country are various
Entrepreneurship has been proven to have a connection to reduce the number of unemployment (Owualah, 1999; Audretsch, Carree, and Thurik, 2008)
Indonesia's entrepreneurship rate is already exceeding the international rate of 2%, in comparison with other countries, Indonesia is still rather low

Summary

Introduction

Indonesia is the fourth most populous country in the world (World Population Review, 2019), and with such position, the problem encountered by the country are various. Carree and Thurik (2010) mentioned that entrepreneurship performs as a channel for change and innovation, which can generate economic growth. This is the reason why entrepreneurship has been one of the main focuses for the government in creating the policy (Wennekers and Thurik, 1999; Acs and Szerb, 2007). Entrepreneurship has been proven to have a connection to reduce the number of unemployment (Owualah, 1999; Audretsch, Carree, and Thurik, 2008). In Indonesia, the entrepreneurship rate remains low, as the country rank 94th out of 137, as stated by the minister of trade, Enggartiasto Lukita (Dwinanda, 2018). For instance, has reached 5%, Singapore with 7%, and China with 10%, while Indonesia has just reached 3.1% of the total workforce (Lestari & Darmawan, 2018)

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