IDEAS home Printed from https://ideas.repec.org/a/eco/journ3/2019-05-19.html
   My bibliography  Save this article

Predicting the Unseen: Entrepreneurial Opportunity on Entrepreneurial Intention

Author

Listed:
  • Ida Ketut Kusumawijaya

    (Department of Management, Triatma Mulya University, Bali, Indonesia)

Abstract

This study examines entrepreneurial opportunity to predict entrepreneurial intention of star hotels emloyee in Bali. Respondents of this study were star hotels employees in Bali total 156 people with 100% response rate. The initial evaluation was carried out by evaluating the measurement model, namely the validity and reliability of each reflective construct. Next is the evaluation of the structural model for testing the research model where each research instrument uses a 5 Likert scale measurement, with the WarpPLS 4.0 program. The parameters significance is determined by resampling bootstrapping and using 500 sub-samples of equal size to that of the original sample. The results and discussion show that the hypothesis testing showing innovation and growth of star hotel employees in Bali are able to predict entrepreneurial intention not significantly. Financial return can predict employee star hotels in Bali significantly entrepreneurial intention. The investment return of star hotel employees in Bali can predict significant entrepreneurial intention. The hypothesis testing indicates that the internal factor is able to predict entrepreneurial intention the star hotel employee in Bali significantly. And this research indicates that the customer predicts entrepreneurial intention star hotel employee in Bali not significantly.

Suggested Citation

  • Ida Ketut Kusumawijaya, 2019. "Predicting the Unseen: Entrepreneurial Opportunity on Entrepreneurial Intention," International Review of Management and Marketing, Econjournals, vol. 9(5), pages 141-149.
    • Handle: RePEc:eco:journ3:2019-05-19
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/irmm/article/download/8662/pdf
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/irmm/article/view/8662/pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Feng-Wen Chen & Long-Wang Fu & Kai Wang & Sang-Bing Tsai & Ching-Hsia Su, 2018. "The Influence of Entrepreneurship and Social Networks on Economic Growth—From a Sustainable Innovation Perspective," Sustainability, MDPI, vol. 10(7), pages 1-19, July.
    2. Robert W. Fairlie & Frank M. Fossen, 2018. "Opportunity versus Necessity Entrepreneurship: Two Components of Business Creation," SOEPpapers on Multidisciplinary Panel Data Research 959, DIW Berlin, The German Socio-Economic Panel (SOEP).
    3. repec:rai:joeems:doi:10.1688/jeems_2014_01_filser is not listed on IDEAS
    4. Miranda, Francisco Javier & Chamorro-Mera, Antonio & Rubio, Sergio, 2017. "Academic Entrepreneurship In Spanish Universities: An Analysis Of The Determinants Of Entrepreneurial Intention," European Research on Management and Business Economics (ERMBE), Academia Europea de Dirección y Economía de la Empresa (AEDEM), vol. 23(2), pages 113-122.
    5. Filser, Matthias & Eggers, Fabian & Kraus, Sascha & Málovic, Éva, 2014. "The effect of financial resource availability on entrepreneurial orientation, customer orientation and firm performance in an international context: an empirical analysis from Austria and Hungaria," Journal of East European Management Studies, Rainer Hampp Verlag, vol. 19(1), pages 7-30.
    6. Sari Pekkala Kerr & William R. Kerr & Tina Xu, 2017. "Personality Traits of Entrepreneurs: A Review of Recent Literature," NBER Working Papers 24097, National Bureau of Economic Research, Inc.
    7. Ajzen, Icek, 1991. "The theory of planned behavior," Organizational Behavior and Human Decision Processes, Elsevier, vol. 50(2), pages 179-211, December.
    8. William Lazonick, 2008. "Entrepreneurial Ventures and the Developmental State: Lessons from the Advanced Economies," WIDER Working Paper Series DP2008-01, World Institute for Development Economic Research (UNU-WIDER).
    9. Naudé, Wim, 2012. "Entrepreneurship and economic development: Theory, evidence and policy," MERIT Working Papers 2012-027, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    10. Francisco Liñán & Yi-Wen Chen, 2006. "Testing the Entrepreneurial Intention Model on a Two-Country Sample," Working Papers 0607, Departament Empresa, Universitat Autònoma de Barcelona, revised Jul 2006.
    11. Berg, Nathan, 2014. "Success from satisficing and imitation: Entrepreneurs' location choice and implications of heuristics for local economic development," Journal of Business Research, Elsevier, vol. 67(8), pages 1700-1709.
    12. Gustavo Manso, 2016. "Experimentation and the Returns to Entrepreneurship," Review of Financial Studies, Society for Financial Studies, vol. 29(9), pages 2319-2340.
    13. Joern H. Block & Massimo G. Colombo & Douglas J. Cumming & Silvio Vismara, 2018. "New players in entrepreneurial finance and why they are there," Small Business Economics, Springer, vol. 50(2), pages 239-250, February.
    14. Mr. Damiano Sandri, 2010. "Growth and Capital Flows with Risky Entrepreneurship," IMF Working Papers 2010/037, International Monetary Fund.
    15. Filser, Matthias & Eggers, Fabian & Kraus, Sascha & Málovic, Éva, 2014. "The effect of financial resource availability on entrepreneurial orientation, customer orientation and firm performance in an international context: an empirical analysis from Austria and Hungaria," Journal of East European Management Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 19(1), pages 7-30.
    16. William R. Kerr & Ramana Nanda, 2009. "Financing Constraints and Entrepreneurship," Harvard Business School Working Papers 10-013, Harvard Business School.
    17. Ionela DUMITRU & Ionuţ DUMITRU, 2018. "Drivers of Entrepreneurial Intentions in Romania," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 157-166, December.
    18. KruegerJR, Norris F. & Reilly, Michael D. & Carsrud, Alan L., 2000. "Competing models of entrepreneurial intentions," Journal of Business Venturing, Elsevier, vol. 15(5-6), pages 411-432.
    19. Abimbola Windapo, 2018. "Entrepreneurial Factors Affecting the Sustainable Growth and Success of a South African Construction Company," Sustainability, MDPI, vol. 10(4), pages 1-11, April.
    20. Robert Huggins & Piers Thompson, 2015. "Entrepreneurship, innovation and regional growth: a network theory," Small Business Economics, Springer, vol. 45(1), pages 103-128, June.
    21. Izlem Gozukara & Nurdan Colakoglu, 2016. "Enhancing Entrepreneurial Intention and Innovativeness of University Students: The Mediating Role of Entrepreneurial Alertness," International Business Research, Canadian Center of Science and Education, vol. 9(2), pages 34-45, February.
    22. Sonja Markova & Tatjana Petkovska-Mircevska, 2009. "Financing Options for Entrepreneurial Ventures," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 11(26), pages 597-604, June.
    23. Magdalena Cholakova & Bart Clarysse, 2015. "Does the Possibility to Make Equity Investments in Crowdfunding Projects Crowd Out Reward–Based Investments?," Entrepreneurship Theory and Practice, , vol. 39(1), pages 145-172, January.
    24. Yu-Ming Zhai & Wan-Qin Sun & Sang-Bing Tsai & Zhen Wang & Yu Zhao & Quan Chen, 2018. "An Empirical Study on Entrepreneurial Orientation, Absorptive Capacity, and SMEs’ Innovation Performance: A Sustainable Perspective," Sustainability, MDPI, vol. 10(2), pages 1-14, January.
    25. Kabir Shamudeen & Kabir Shamudeen & Ooi Yeng Keat & Hazlinda Hassan, 2017. "Entrepreneurial Success within the Process of Opportunity Recognition and Exploitation: An Expansion of Entrepreneurial Opportunity Recognition Model," International Review of Management and Marketing, Econjournals, vol. 7(1), pages 107-111.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ida Ketut Kusumawijaya, 2019. "The Prediction of Need for Achievement to Generate Entrepreneurial Intention: A Locus of Control Mediation," International Review of Management and Marketing, Econjournals, vol. 9(4), pages 54-62.
    2. Ida Ketut Kusumawijaya, 2020. "Understanding Entrepreneurial Intention: The Prediction of Entrepreneurial Behavior," International Review of Management and Marketing, Econjournals, vol. 10(4), pages 35-42.
    3. Ana Iolanda Vodă & Nelu Florea, 2019. "Impact of Personality Traits and Entrepreneurship Education on Entrepreneurial Intentions of Business and Engineering Students," Sustainability, MDPI, vol. 11(4), pages 1-34, February.
    4. Bogdan Robert IOANE & Nicolae BIBU & Laura BRANCU & Ana NĂSTASE, 2020. "Entrepreneurship Intention Among Business Students in Romania," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 21(5), pages 703-718, December.
    5. Martín-Navarro, Alicia & Velicia-Martín, Felix & Medina-Garrido, José Aurelio & Palos-Sánchez, Pedro R., 2023. "Impact of effectual propensity on entrepreneurial intention," Journal of Business Research, Elsevier, vol. 157(C).
    6. Najmul Hoda & Naim Ahmad & Shankar Lal Gupta & Mohammad Mahtab Alam & Irfan Ahmad, 2021. "Application of Entrepreneurial Intention Model in Comparative International Entrepreneurship Research: A Cross-Cultural Study of India and Saudi Arabia," Sustainability, MDPI, vol. 13(23), pages 1-23, December.
    7. W M I Udayanganie & Mazuki Jusoh & Karuthan Chinna, 2019. "Impact of Big Five Personality Traits on Entrepreneurial Intention of Engineering Undergraduates," Research in Business and Management, Macrothink Institute, vol. 6(2), pages 35-44, August.
    8. Tarek Ben Ali, 2017. "University and Entrepreneurship: An Empirical Investigation in the Tunisian Context," International Review of Management and Marketing, Econjournals, vol. 7(1), pages 76-84.
    9. Elena-Loreni Baciu & Delia Vîrgă & Theofild-Andrei Lazăr & Delia Gligor & Cecilia-Nicoleta Jurcuț, 2020. "The Association between Entrepreneurial Perceived Behavioral Control, Personality, Empathy, and Assertiveness in a Romanian Sample of Nascent Entrepreneurs," Sustainability, MDPI, vol. 12(24), pages 1-16, December.
    10. Mohammad Naushad & Mohammad Rishad Faridi & Abdul Malik Syed, 2018. "Economic development of community by entrepreneurship: an investigation of the entrepreneurial intent and the institutional support to the local community in Al-Kharj region," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 5(4), pages 899-913, June.
    11. Obinna C. Ojiaku & Anayo D. Nkamnebe & Ireneus C. Nwaizugbo, 2018. "Determinants of entrepreneurial intentions among young graduates: perspectives of push-pull-mooring model," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 8(1), pages 1-17, December.
    12. Duong Cong Doanh, 2021. "The moderating role of self-efficacy on the cognitive process of entrepreneurship: An empirical study in Vietnam," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 17(1), pages 147-174.
    13. Mohammad Naushad, 2018. "A study on the antecedents of entrepreneurial intentions among Saudi students," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 5(3), pages 600-617, March.
    14. Carmen Păunescu & Mihaela Cornelia Popescu & Matthias Duennweber, 2018. "Factors Determining Desirability of Entrepreneurship in Romania," Sustainability, MDPI, vol. 10(11), pages 1-22, October.
    15. Richard Blaese & Schneider Noemi & Liebig Brigitte, 2021. "Should I Stay, or Should I Go? Job satisfaction as a moderating factor between outcome expectations and entrepreneurial intention among academics," International Entrepreneurship and Management Journal, Springer, vol. 17(3), pages 1357-1386, September.
    16. Rohit H. Trivedi, 2017. "Entrepreneurial-intention constraint model: A comparative analysis among post-graduate management students in India, Singapore and Malaysia," International Entrepreneurship and Management Journal, Springer, vol. 13(4), pages 1239-1261, December.
    17. Ljiljana Najev Cacija & Marina Lovrincevic & Ivana Bilic, 2023. "The Role of Demographic Factors and Prior Entrepreneurial Exposure in Shaping the Entrepreneurial Intentions of Young Adults: The Case of Croatia," Sustainability, MDPI, vol. 15(6), pages 1-16, March.
    18. Hala W. Hattab, 2014. "Impact of Entrepreneurship Education on Entrepreneurial Intentions of University Students in Egypt," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 23(1), pages 1-18, March.
    19. Bingyan Tu & Roni Bhowmik & Md. Kamrul Hasan & Ahmed Al Asheq & Md. Atikur Rahaman & Xia Chen, 2021. "Graduate Students’ Behavioral Intention towards Social Entrepreneurship: Role of Social Vision, Innovativeness, Social Proactiveness, and Risk Taking," Sustainability, MDPI, vol. 13(11), pages 1-23, June.
    20. Sanawi M. Sharahiley, 2020. "Examining Entrepreneurial Intention of the Saudi Arabia’s University Students: Analyzing Alternative Integrated Research Model of TPB and EEM," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 21(1), pages 67-84, March.

    More about this item

    Keywords

    Entrepreneurial Intention; Innovation and Growth; Financial Return; Investment Return; Internal Factor;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ3:2019-05-19. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.