School Environment Impact on Entrepreneurial Intention Mediated By Financial Literacy and Entrepreneurial Characteristics
This latest research discusses the need for a better understanding of interest in entrepreneurship in vocational high school students. Financial literacy is knowledge needed by everyone (including vocational high school students) in everyday life. It consists of studying theory, mastering practical skills and developing financial thinking, all of which will make each of us financially successful.
This study aims to analyze the importance of the school environment and understanding of financial literacy and entrepreneurial characteristics that mediate students' interest in entrepreneurship. The saturated sample in this study consisted of 41 class 11 vocational student respondents, with an age range of 16-18 years who participated in community service activities held by UPI YAI lecturers. Data collection was carried out using a questionnaire survey which was carried out at the end of the presentation of the material by the lecturers with 45 question indicators.
Structural Equation Model with Partial Least Square is an analytical technique used in this study. Testing path analysis with a measurement model (outer model) is carried out to find out the correctness of the answers given to the questions, namely measurements of internal consistency, convergent validity and discriminative validity, then proceed with testing the structural model (Inner Model). The results of the study show that the school environment has a direct effect on financial literacy and this financial literacy has an effect on the entrepreneurial characteristics of students. Meanwhile, the school environment and financial literacy have no effect on students' interest in entrepreneurship.
This study shows that school environment, financial literacy and business characteristics can be valuable indicators to increase and trigger students' interest in entrepreneurship. These results can be used to guide policy makers where to place more emphasis on financial education for vocational
Ajzen, I. (1991). The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50(2), 179–211. https://doi.org/10.1016/0749-5978(91)90020-T
Altman, M. (2012). Implications of behavioural economics for financial literacy and public policy. Journal of Socio-Economics, 41(5), 677–690. https://doi.org/10.1016/j.socec.2012.06.002
Awais, M., Elahi, A. R., Majid, S., Raza Elahi, A., Wahga, A. I., & Ikram, K. (2021). ENTREPRENEURIAL FINANCIAL WELL-BEING: A CONCEPTUAL MODEL OF FINANCIAL LITERACY, LOCUS OF CONTROL AND RISK TOLERANCE MODERATING THROU.... ENTREPRENEURIAL FINANCIAL WELL-BEING: A CONCEPTUAL MODEL OF FINANCIAL LITERACY, LOCUS OF CONTROL AND RISK TOLERANCE MODERATING THROUGH EQ AND SQ. In Journal of ISOSS (Vol. 7, Issue 3). https://www.researchgate.net/publication/357355682
Bignotti, A., & le Roux, I. (2016). Unravelling the conundrum of entrepreneurial intentions, entrepreneurship education, and entrepreneurial characteristics. Acta Commercii, 16(1). https://doi.org/10.4102/ac.v16i1.352
Caliendo, M., & Kritikos, A. (2012). Searching for the entrepreneurial personality: New evidence and avenues for further research. In Journal of Economic Psychology (Vol. 33, Issue 2, pp. 319–324). https://doi.org/10.1016/j.joep.2011.06.001
Ferry Wibowo, S. (2019). DETERMINANTS OF ENTREPRENEURIAL INTENTION AMONG MILLENNIAL GENERATION IN EMERGING COUNTRIES. International Journal of Entrepreneurship, 23(2), 1939–4675.
Hair, J. F., Sarstedt, M., Hopkins, L., & Kuppelwieser, V. G. (2014). Partial least squares structural equation modeling (PLS-SEM): An emerging tool in business research. In European Business Review (Vol. 26, Issue 2, pp. 106–121). Emerald Group Publishing Ltd. https://doi.org/10.1108/EBR-10-2013-0128
Henseler, J., Ringle, C. M., & Sarstedt, M. (2015). A new criterion for assessing discriminant validity in variance-based structural equation modeling. Journal of the Academy of Marketing Science, 43(1), 115–135. https://doi.org/10.1007/s11747-014-0403-8
Hsiao, Y. J., & Tsai, W. C. (2018). Financial literacy and participation in the derivatives markets. Journal of Banking and Finance, 88, 15–29. https://doi.org/10.1016/j.jbankfin.2017.11.006
Huston, S. J. (2010). THE JOURNAL OF CONSUMER AFFAIRS Measuring Financial Literacy.
Indarti, N. R. R. N. T. (2016). Underlying Factors of Enterpreneurial Intentions among Asian Students. The South East Asian Journal of Management, 143–159.
Kusmintarti, A., Thoyib, A., Ashar, K., & Maskie, G. (2014). The Relationships among Entrepreneurial Characteristics, Entrepreneurial Attitude, and Entrepreneurial Intention (Vol. 16). www.iosrjournals.orgwww.iosrjournals.org
Lusardi, A., & Mitchell, O. S. (2007). Baby Boomer retirement security: The roles of planning, financial literacy, and housing wealth. Journal of Monetary Economics, 54(1), 205–224. https://doi.org/10.1016/j.jmoneco.2006.12.001
Lusardi, A., & Mitchell, O. S. (2008). Planning and financial literacy: How do women fare? American Economic Review, 98(2), 413–417. https://doi.org/10.1257/aer.98.2.413
Margaretha, F., & Pambudhi, R. A. (2015). TINGKAT LITERASI KEUANGAN PADA MAHASISWA S-1 FAKULTAS EKONOMI. Jurnal Manajemen Dan Kewirausahaan (Journal of Management and Entrepreneurship), 17(1). https://doi.org/10.9744/jmk.17.1.76-85
Moraes, G. H. S. M. de, Iizuka, E. S., & Pedro, M. (2018). Effects of Entrepreneurial Characteristics and University Environment on Entrepreneurial Intention. Revista de Administração Contemporânea, 22(2), 226–248. https://doi.org/10.1590/1982-7849rac2018170133
PISA 2018 Assessment and Analytical Framework. (2019). OECD. https://doi.org/10.1787/b25efab8-en
Rocha, A. K. L. da, Moraes, G. H. S. M. de, & Fischer, B. (2022). The role of university environment in promoting entrepreneurial behavior: evidence from heterogeneous regions in Brazil. Innovation and Management Review, 19(1), 39–61. https://doi.org/10.1108/INMR-08-2020-0112
Sadil Ali, M. (2021). Financial Literacy and Saving Behavior of Private Sector Employees in Pakistan: Examining the Mediating Role of Self-efficacy. Article in Journal of Management Sciences. https://doi.org/10.20547/jms.2014.2108204
Saeed, S., Yousafzai, S. Y., Yani-De-Soriano, M., & Muffatto, M. (2015). The Role of Perceived University Support in the Formation of Students’ Entrepreneurial Intention. Journal of Small Business Management, 53(4), 1127–1145. https://doi.org/10.1111/jsbm.12090
Servon, L. J., & Kaestner, R. (2008). Consumer Financial Literacy and the Impact of Online Banking on the Financial Behavior of Lower-Income Bank Customers.
Setyowati, A., Harmadi, H., & Sunarjanto, S. (2018). Islamic Financial Literacy and Personal Financial Planning: A Socio-Demographic Study. Jurnal Keuangan Dan Perbankan, 22(1). https://doi.org/10.26905/jkdp.v22i1.1625
Sri Ramalu, S., Nadarajah, G., & Yusuff Aremu, A. (2020). THE EFFECT OF HIGH IMPACT ENTREPRENEURSHIP EDUCATIONAL PRACTICES (HIEEPS) ON ENTREPRENEURIAL SELF-EMPLOYMENT AMONG BUSINESS SCHOOL STUDENTS. Humanities & Social Sciences Reviews, 8(2), 661–674. https://doi.org/10.18510/hssr.2020.8274
Stockemer, D. (2019a). Bivariate Statistics with Categorical Variables. Quantitative Methods for the Social Sciences, 101–132. https://doi.org/10.1007/978-3-319-99118-4_7
Stockemer, D. (2019b). Quantitative Methods for the Social Sciences. Quantitative Methods for the Social Sciences. https://doi.org/10.1007/978-3-319-99118-4
Sugiyono, & Lestari, P. (2021). Metode Penelitian Komunikasi (Kuantitatif, Kualitatif, dan Cara Mudah Menulis Artikel pada Jurnal Internasional). Alfabeta.
Trivedi, R. (2016). Does university play significant role in shaping entrepreneurial intention? A cross-country comparative analysis. Journal of Small Business and Enterprise Development, 23(3), 790–811. https://doi.org/10.1108/JSBED-10-2015-0149
Uddin, R., & Bose, T. K. (2012). Determinants of Entrepreneurial Intention of Business Students in Bangladesh. International Journal of Business and Management, 7(24). https://doi.org/10.5539/ijbm.v7n24p128
Wahid, N., Endri, E., & Zaenal, M. H. (2022). Financial Literacy and Paying Income Zakat: Moderating Role of Islamic Financial Planning. International Journal of Scientific and Research Publications, 12(11), 280–289. https://doi.org/10.29322/IJSRP.12.11.2022.p13137
Widayati, I., Akuntansi, P., & Pgri Madiun, I. (2012). FAKTOR-FAKTOR YANG MEMPENGARUHI LITERASI FINANSIAL MAHASISWA FAKULTAS EKONOMI DAN BISNIS UNIVERSITAS BRAWIJAYA. In ASSET: Jurnal Akuntansi dan Pendidikan (Vol. 1, Issue 1).
Yushita, A. N. (2017). PENTINGNYA LITERASI KEUANGAN BAGI PENGELOLAAN KEUANGAN PRIBADI. Nominal Barometer Riset Akuntansi Dan Manajemen, 6(1), 11–26. https://journal.uny.ac.id/index.php/nominal/article/view/14330
How to Cite
Copyright (c) 2023 Maya Syafriana Effendi, Fenus F Firdaus, Nastiti Edi Utami, Jayanti Apri Emarawati, Djoni Maison, Roosdiana Roosdiana
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Content Licensing, Copyright, and Permissions
International Journal of Entrpreneurship and Sustainability Studies (IJEASS) has CC-BY NC or an equivalent license as the optimal license for the publication, distribution, use, and reuse of scholarly work for non-commercial purposes. The non-commercial use of the article will be governed by the Creative Commons Attribution license as currently displayed on Creative Commons Attribution-NonCommercial 4.0 International License
Creative Commons License
2. Author’s Warranties
The author warrants that the article is original, written by stated author(s), has not been published before, contains no unlawful statements, does not infringe the rights of others, is subject to copyright that is vested exclusively in the author and free of any third party rights, and that any necessary written permissions to quote from other sources have been obtained by the author(s).
3. User Rights
International Journal of Entrpreneurship and Sustainability Studies (IJEASS) objective is to disseminate articles published are as free as possible. Under the Creative Commons license, this journal permits users to copy, distribute, display, and perform the work for non-commercial purposes only. Users will also need to attribute authors and this journal on distributing works in the journal.
4. Rights of Authors
Authors retain the following rights:
Copyright, and proprietary rights relating to the article, such as patent rights,
The right to use the substance of the article in future own works, including lectures and books, The right to reproduce the article for own purposes, The right to self-archive the article, the right to enter into separate, additional contractual arrangements for the non-exclusive distribution of the article's published version (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal (International Journal of Entrpreneurship and Sustainability Studies (IJEASS) ).
The author has a non-exclusive publishing contract with a publisher and the work is published with a more restrictive license, the author retains all the rights to publish the work elsewhere, including commercially, because she/he is not subject to the conditions of her / his own license, regardless of the type of CC license chosen.
If the article was jointly prepared by other authors, the signatory of this form warrants that he/she has been authorized by all co-authors to sign this agreement on their behalf, and agrees to inform his/her co-authors of the terms of this agreement.
This agreement can be terminated by the author or International Journal of Entrpreneurship and Sustainability Studies (IJEASS) two months’ notice where the other party has materially breached this agreement and failed to remedy such breach within a month of being given the terminating party’s notice requesting such breach to be remedied. No breach or violation of this agreement will cause this agreement or any license granted in it to terminate automatically or affect the definition of International Journal of Entrpreneurship and Sustainability Studies (IJEASS).
This agreement entitles the author to no royalties or other fees. To such extent as legally permissible, the author waives his or her right to collect royalties relative to the article in respect of any use of the article by This agreement can be terminated by the author or International Journal of Entrpreneurship and Sustainability Studies (IJEASS) upon two months’ notice where the other party has materially breached this agreement and failed to remedy such breach within a month of being given the terminating party’s notice requesting such breach to be remedied. No breach or violation of this agreement will cause this agreement or any license granted in it to terminate automatically or affect the definition of the International Journal of Entrpreneurship and Sustainability Studies (IJEASS) or its sublicensee.
International Journal of Entrpreneurship and Sustainability Studies (IJEASS) will publish the article (or have it published) in the journal if the article’s editorial process is successfully completed and the International Journal of Entrpreneurship and Sustainability Studies (IJEASS) or its sublicensee has become obligated to have the article published. International Journal of Entrpreneurship and Sustainability Studies (IJEASS) may conform the article to a style of punctuation, spelling, capitalization, referencing, and usage that it deems appropriate. The author acknowledges that the article may be published so that it will be publicly accessible and such access will be free of charge for the readers