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Explicating failure among nascent entrepreneurs in West Sumatra: The nexus of psycho-economic factors and opportunistic behavior Hafiz Rahman, Eri Besra, Nu
Journal of Entrepreneurship, Management and Innovation ( IF 2.3 ) Pub Date : 2020-01-01 , DOI: 10.7341/20201622
Hafiz Rahman , Eri Besra , Nurhayati

This paper investigates and discusses individuals’ internal circumstances as factors that may cause entrepreneurial failure, which consists of psycho-economic phenomenon and opportunistic behavior of individuals. The study is a quantitative study, and it operates relational analysis that relates existing arguments regarding psycho-economic factors to entrepreneurial failure. The study further adds and analyses the construct of opportunistic behavior as another possible factor that may cause entrepreneurial failure. The sample of the study is 1541 young entrepreneurs in West Sumatra Province, Indonesia, who have experienced failures in their previous businesses. The analysis was undertaken by using multiple and partial regression analysis in which the statistical protocol was operated. It is found that psycho-economic factors, together with opportunistic behavior of individuals in a lesser to a greater degree, have caused entrepreneurial failure to the context of the study. The study also implies and argues that opportunistic behavior may not only be viewed as a source of entrepreneurial success, as it also contributes to entrepreneurial failure. This finding clearly demonstrates the originality and value of this study since it argues that opportunistic behavior can also be viewed as a factor – apart from the other existing psycho-economic factors (deterministic, voluntaristic, and emotive) – that can cause entrepreneurial failure. The study further suggests that strengthening entrepreneurial personality, characteristics and psychological aspects should be a focus for the Indonesian government in promoting and developing young-nascent entrepreneurs.

中文翻译:

西苏门答腊新生企业家中的失败显而易见:心理经济因素与机会主义行为的联系哈菲兹·拉赫曼(Hafiz Rahman),埃里·贝斯拉(Eri Besra),努

本文研究和讨论了个人内部环境是可能导致企业家失败的因素,其中包括心理经济现象和个人的机会主义行为。这项研究是一项定量研究,其运作的关系分析将有关心理经济因素的现有观点与创业失败联系起来。该研究进一步增加并分析了机会主义行为的构成,这是可能导致企业家失败的另一个可能因素。该研究的样本来自印度尼西亚西苏门答腊省的1541位年轻企业家,他们在先前的业务中经历过失败。该分析是通过使用多元和部分回归分析进行的,在该分析操作中使用了统计协议。发现心理经济因素,再加上个人的机会主义行为在较小程度上更大程度地导致了研究背景下的创业失败。该研究还暗示并指出,机会主义行为不仅可以被视为企业家成功的源头,因为它也有助于企业家失败。这一发现清楚地证明了这项研究的独创性和价值,因为它认为机会主义行为也可以被视为可能导致企业家失败的因素(除了其他现有的心理经济因素(确定性,自愿性和情感性因素))。研究进一步表明,加强企业家的人格,特征和心理方面应成为印度尼西亚政府促进和发展年轻新生企业家的重点。
更新日期:2020-01-01
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