The Influence of Risk Attitude towards the Entrepreneurial Intention

Abstract

Currently, Indonesia has a goal to increase the number of entrepreneurs for about 20,000 new enterprises in 2019. This number is increasing every year, which indicate the urgency of the government to emerge entrepreneurs within the society (Kompas, 2018). Many factors can form an entrepreneur. They can be encouraged from family background, hobbies, needs, and also through an educational system. A different method of teaching and treatment will drive different entrepreneurial results. Several studies show that entrepreneurs behave differently. Entrepreneurs create and manage their business to achieve their business goals. It makes the entrepreneur is having the willingness to give resource on it, such as pays the material used in  the business, rent a place, and higher employee. It also makes them have more willingness to take the risk along the entrepreneurial activity (Paun, 2013). Therefore, the researcher wants to discover the relationship between entrepreneurial intention and risk attitude. This research uses a quantitative approach in order to explore the study and use a questionnaire as the tools. The result was analyzed using the single linear regression method with SPSS software. Single linear regression is a statistical method used to explain the relationship between dependent and independent variables. The independent variables in this research would be Risk Attitude, and  the independent variable would be Entrepreneurial Intention. From that, the research hypotheses would be entrepreneurs risk attitude significantly affected entrepreneurial intention; the higher risk attitude of a person will increase their entrepreneurial intention.


Keywords: risk attitude, entrepreneurial intention, entrepreneurs

References
[1] (2018, June). Retrieved from Kompas: https://ekonomi.kompas.com/read/2018/06/05/083300426/ pemerintah-targetkan-20.000-wirausaha-baru

[2] Adams, J. (2014). Managing Risk: Framing Your Problems. BoeringerIngelheim Alumni Seminar, 9- 11. Ahmed, S. (1985). Risk-taking Propensity, Locus of Control and Entrepreneurship. Personality and Individual Differences, 781-782.

[3] Bird, B. (1998). Implementing Entrepeneurial Ideas: The Case for Intention. Academy of Management Review, 442-453.

[4] BPS. (2016). Retrieved from https://www.liputan6.com/bisnis/read/3216536/jumlah-wirausaha-ri-siap- kejar-malaysia

[5] Brockhaus, R., & Horwitz, P. S. (1986). The Psychology of the Entrepreneur. The Art and Science of Entrepreneurship, 25-48.

[6] Caliendo, M., Fossen, F., & Kritikos, A. (2010). The Impact of Risk Attitudes on Entrepreneurial Survival. Journal of Economic Behavior and Organization, 45-63.

[7] Cromie, S. (2000). Assessing Entrepreneurial Inclinations: Some Approaches and Empirical Evidence. European Journal of Work and Organizational Psychology, 7-30.

[8] Dohmen, T., Huffman, D., Schupp, J., Falk, A., Sunde, U., & Wagner, G. G. (2011). Individual Risk Attitudes: Measurement, Determinants, and Behavioral Consequences. European Economic Association, 522- 550.

[9] Gozukara, I., & Colakoglu, N. (2016). Enhancing Entrepreneurial Intention and Innovativeness of University Students: The Mediating Role of Entrepreneurial Alertness. International Business Research.

[10] Hair, J., J., B., W., B., & Anderson, R. (2010). Multivariate Data Analysis, 7th Edition. London: Pearson.

[11] Hilson, D., & Murray-Webster, R. (2004). Understanding and Managing Risk Attitude.

[12] Hmieleski, K. M., & Corbett, A. C. (2006). Proclivity for Improvisation As a Predictor of Entrepreneurial Intentions. Journal of Small Business Management, 45 - 63.

[13] Hurst, E., & Wild Pugsley, B. (2011). What Do Small Businesses Do? Brookings Papers on Economic Activity.

[14] Karabulut, T. (2016). Personality Traits on Entrepreneurial Intention. Procedia - Social and Behavioral Sciences, 12-21.

[15] Koh, H. (1996). Testing the Hypothesis of Entrepreneurial Characteristics. A Study of Hong Kong MBA Students. Journal of Managerial Psychology, 12-25.

[16] Krosnick, J., & Presser, S. (2009). Question and Questionnaire Design. Handbook of Survey Research.

[17] Levine, R., & Rubinstein, Y. (2017). Smart and Illicit: Who Becomes an Entrepreneur and Do They Earn More? Quarterly Journal of Economics, 963–1018.

[18] Liñán, F., & Chen, Y. (2009). Development and Cross-Cultural Application of a Specific Instrument to Measure Entrepreneurial Intentions. European Doctoral Programme in Entrepreneurship and Small Business Management.

[19] Long, W. (1983). The Meaning of Entrepreneurship. American Journal of Small Business, 47-56.

[20] Nagel, R. (1995). Unravelling in Guessing Games: An Experimental Study. The American Economic Review, 1313-1326.

[21] Paun, C. (2013). Entrepreneurial Decision Under Risk and Uncertainty. Management Dynamics in the Knowledge Economy Journal, 111-125.

[22] Stewart, W. H., & Roth, P. L. (2001). Risk Propensity Differences Between Entrepreneurs and Managers: A Meta-Analytic Review. The Journal of Applied Psychology, 145-53.

[23] Sugiyono. (2013). Metode Penelitian Pendidikan Pendekatan Kuantitatif,. Kualitatif, dan R&D. Bandung: Alfabeta.