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An exploratory factor analysis of entrepreneurship psychological readiness (EPR) instrument

Author

Listed:
  • Syarifah Farradinna

    (Universitas Islam Riau)

  • Nesi Syafitri

    (Universitas Islam Riau)

  • Icha Herawati

    (Universitas Islam Riau)

  • Wella Jayanti

    (Universitas Islam Riau)

Abstract

The purpose of this study was to develop an instrument for assessing psychological readiness for entrepreneurship. A well-designed measurement of entrepreneurship psychological readiness can provide early warning to policymakers, in this case the government, and provide education and funding to prospective entrepreneurs who must not only be examined physically, but also psychologically. Using Exploratory Factor Analysis (EFA) and reliability analysis, the validity and reliability of the Entrepreneurship Psychological Readiness (EPR) instrument were examined. An Exploratory Factor Analysis (EFA) found that the Entrepreneurship Psychological Readiness (EPR) instrument’s eight-factor model explained 57.44% of the variance among the items. To develop a fit model, it was necessary to exclude 26 items from the questionnaire, leaving 59 items left. The factors name identified by Personal Knowledge, Personal Adversity, Committed Certain Action, Willingness to Learn, Personal Relationship to Others, Personal Growth, Passion Achieved, and Related Person Support. All of the eight-factor models have excellent reliability of 0.96.

Suggested Citation

  • Syarifah Farradinna & Nesi Syafitri & Icha Herawati & Wella Jayanti, 2023. "An exploratory factor analysis of entrepreneurship psychological readiness (EPR) instrument," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-13, December.
    • Handle: RePEc:spr:joiaen:v:12:y:2023:i:1:d:10.1186_s13731-023-00314-y
    DOI: 10.1186/s13731-023-00314-y
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    References listed on IDEAS

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    3. Wahibur Rokhman & Forbis Ahamed, 2015. "The Role of Social and Psychological Factors on Entrepreneurial Intention among Islamic College Students in Indonesia," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 3(1), pages 29-42.
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    6. Coduras, Alicia & Saiz-Alvarez, José Manuel & Ruiz, Jesús, 2016. "Measuring Readiness for Entrepreneurship: An Information Tool Proposal," MPRA Paper 86603, University Library of Munich, Germany.
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