The linkage between economic literacy and students’ intention of starting business: The mediating role of entrepreneurial alertness
PURPOSE: Enhancing the number of entrepreneurs is a major study to combat economic and social problems. Psychological factors considered as effective stimulants for entrepreneurial behavior have attracted many researchers in the last decade. The purpose of this research attempts to examine how the i...
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Cognitione Foundation for the Dissemination of Knowledge and Science
2023-01-01
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| Series: | Journal of Entrepreneurship, Management and Innovation |
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| Online Access: | https://jemi.edu.pl/uploadedFiles/file/all-issues/vol19/issue1/JEMI_Vol19_Issue1_2023_Article6.pdf |
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| author | Agus Wibowo Bagus Shandy Narmaditya Ratieh Widhiastuti Ari Saptono |
| author_facet | Agus Wibowo Bagus Shandy Narmaditya Ratieh Widhiastuti Ari Saptono |
| author_sort | Agus Wibowo |
| collection | DOAJ |
| description | PURPOSE: Enhancing the number of entrepreneurs is a major study to combat economic and social problems. Psychological factors considered as effective stimulants for entrepreneurial behavior have attracted many researchers in the last decade. The purpose of this research attempts to examine how the influence of economic literacy can promote the intention of starting a new business among students and explore the role of entrepreneurial alertness in mediating this relationship. METHODOLOGY: The research adopted a quantitative approach in which hypotheses were statistically estimated using partial least square structural equation modeling (PLS-SEM) based on survey data using a self-administered questionnaire (n=450) from several universities in Indonesia. FINDINGS: The analysis indicates that economic literacy has a significant effect on students’ entrepreneurial alertness and intention to start a new business. Indeed, entrepreneurial alertness can mediate the relationship between economic literacy and the intention of starting a new business. However, among entrepreneurial alertness dimensions, scanning and search failed in determining the students’ intention of starting a new business. IMPLICATIONS: The result of this research can provide insight into the literature on the entrepreneurship theme and policymakers concerned with delivering new business creation. Besides, educational institutions can consider the matter of economic literacy to be part of their curricula in order to foster the students’ intention of starting a business. In addition, economic literacy also needs to be associated with examples relevant to entrepreneurial activities, especially in production, distribution, and online marketing. ORIGINALITY AND VALUE: The interesting findings of this paper serve as a reminder that entrepreneurial alertness is one of the predictor variables and mediators for raising the students’ intention. This implies that entrepreneurial alertness can be enhanced by economic literacy, as well as how they need to be used to improve course curriculum and the teaching pedagogy. Furthermore, educational institutions could provide business internship programs and entrepreneurship incubators to raise the students’ intention of starting business. |
| format | Article |
| id | doaj-art-de06b9d956844fbeaf7b66e1393873ee |
| institution | Kabale University |
| issn | 2299-7326 |
| language | English |
| publishDate | 2023-01-01 |
| publisher | Cognitione Foundation for the Dissemination of Knowledge and Science |
| record_format | Article |
| series | Journal of Entrepreneurship, Management and Innovation |
| spelling | doaj-art-de06b9d956844fbeaf7b66e1393873ee2025-02-03T11:28:32ZengCognitione Foundation for the Dissemination of Knowledge and ScienceJournal of Entrepreneurship, Management and Innovation2299-73262023-01-0119117519610.7341/20231916The linkage between economic literacy and students’ intention of starting business: The mediating role of entrepreneurial alertnessAgus Wibowo0Bagus Shandy Narmaditya1Ratieh Widhiastuti2Ari Saptono3Dr. M.Ed, Position: Lecturer, Institution/Organization: Faculty of Economics, Universitas, Negeri Jakarta, Jl. Rawamangun Muka, Jakarta Timur, 13220, IndonesiaM.Ed., Ph.D., Lecturer, Institution/Organization: Faculty of Economics and Business, Universitas Negeri Malang, Jalan Semarang 5 Malang, 65145, IndonesiaDr. M.Si, Lecturer, Institution/Organization: Faculty of Economics, Universitas Negeri Semarang, Sekaran, Kec. Gn. Pati, Kota Semarang, Jawa Tengah 50229, IndonesiaProf. Dr. M.Ed, Lecturer, Institution/Organization: Faculty of Economics, Universitas Negeri Jakarta, Jl. Rawamangun Muka, Jakarta Timur, 13220, IndonesiaPURPOSE: Enhancing the number of entrepreneurs is a major study to combat economic and social problems. Psychological factors considered as effective stimulants for entrepreneurial behavior have attracted many researchers in the last decade. The purpose of this research attempts to examine how the influence of economic literacy can promote the intention of starting a new business among students and explore the role of entrepreneurial alertness in mediating this relationship. METHODOLOGY: The research adopted a quantitative approach in which hypotheses were statistically estimated using partial least square structural equation modeling (PLS-SEM) based on survey data using a self-administered questionnaire (n=450) from several universities in Indonesia. FINDINGS: The analysis indicates that economic literacy has a significant effect on students’ entrepreneurial alertness and intention to start a new business. Indeed, entrepreneurial alertness can mediate the relationship between economic literacy and the intention of starting a new business. However, among entrepreneurial alertness dimensions, scanning and search failed in determining the students’ intention of starting a new business. IMPLICATIONS: The result of this research can provide insight into the literature on the entrepreneurship theme and policymakers concerned with delivering new business creation. Besides, educational institutions can consider the matter of economic literacy to be part of their curricula in order to foster the students’ intention of starting a business. In addition, economic literacy also needs to be associated with examples relevant to entrepreneurial activities, especially in production, distribution, and online marketing. ORIGINALITY AND VALUE: The interesting findings of this paper serve as a reminder that entrepreneurial alertness is one of the predictor variables and mediators for raising the students’ intention. This implies that entrepreneurial alertness can be enhanced by economic literacy, as well as how they need to be used to improve course curriculum and the teaching pedagogy. Furthermore, educational institutions could provide business internship programs and entrepreneurship incubators to raise the students’ intention of starting business.https://jemi.edu.pl/uploadedFiles/file/all-issues/vol19/issue1/JEMI_Vol19_Issue1_2023_Article6.pdfeconomic literacyentrepreneurial alertnessintentionstarting business |
| spellingShingle | Agus Wibowo Bagus Shandy Narmaditya Ratieh Widhiastuti Ari Saptono The linkage between economic literacy and students’ intention of starting business: The mediating role of entrepreneurial alertness Journal of Entrepreneurship, Management and Innovation economic literacy entrepreneurial alertness intention starting business |
| title | The linkage between economic literacy and students’ intention of starting business: The mediating role of entrepreneurial alertness |
| title_full | The linkage between economic literacy and students’ intention of starting business: The mediating role of entrepreneurial alertness |
| title_fullStr | The linkage between economic literacy and students’ intention of starting business: The mediating role of entrepreneurial alertness |
| title_full_unstemmed | The linkage between economic literacy and students’ intention of starting business: The mediating role of entrepreneurial alertness |
| title_short | The linkage between economic literacy and students’ intention of starting business: The mediating role of entrepreneurial alertness |
| title_sort | linkage between economic literacy and students intention of starting business the mediating role of entrepreneurial alertness |
| topic | economic literacy entrepreneurial alertness intention starting business |
| url | https://jemi.edu.pl/uploadedFiles/file/all-issues/vol19/issue1/JEMI_Vol19_Issue1_2023_Article6.pdf |
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