The Effect of Love of Money, Perception of Entrepreneurial Opportunities, and Entrepreneurial Knowledge on Entrepreneurial Interest with Family Support as a Moderating Variable
DOI:
https://doi.org/10.55606/ijemr.v5i1.693Keywords:
Entrepreneurial Interest, Entrepreneurial Knowledge, Family Support, Love of Money, Perception of Entrepreneurial OpportunitiesAbstract
Entrepreneurial interest does not emerge instantly but develops through a gradual process that varies across individuals. This study aims to analyze the effect of love of money, perceived entrepreneurial opportunities, and entrepreneurial knowledge on entrepreneurial interest, with family support as a moderating variable. The research was conducted at Udayana University with a sample of 167 students, selected using a sample size calculator. Data were collected through a survey approach using questionnaires as the research instrument. The collected data were analyzed using path analysis. The results indicate that: (1) love of money has a significant effect on entrepreneurial interest; (2) perception of entrepreneurial opportunities significantly affect entrepreneurial interest; (3) entrepreneurial knowledge has a significant effect on entrepreneurial interest; and (4) perception of entrepreneurial opportunities moderated by family support significantly influence entrepreneurial interest. These findings imply that the entrepreneurial interest of Udayana University students is influenced by love of money, perceived entrepreneurial opportunities strengthened by family support, and entrepreneurial knowledge. The study reinforces empirical evidence on entrepreneurial interest and highlights the practical importance of enhancing financial motivation, opportunity recognition ability, entrepreneurial knowledge, as well as family and university support in fostering students’ entrepreneurial interest.
References
Ajzen. (1991). The Theory of Planned Behavior. Organizational Behavior and Human Decision Processes.
Ajzen. (2005). Attitudes, Personality, and Behavior. 2nd Edition. Open University Press.
Aliyyah, N. (2021). The effect of types of family support on startup activities in indonesia with family cohesiveness as moderation. In Journal of Management Information and Decision Sciences (Vol. 24, Issue S1).
Al-Lozi, & Papazafeiropoulou. (2012). Intention-Based Models: The Theory of Planned Behavior Within the Context of IS. In Y. K. Dwivedi, M.R. Wade, & S.L. Schneberger, Information Systems Theory: Explaining and Predicting Our Digital Society. Springer New York, 2, 219–239.
Alvarez, S. A., & Busenitz, L. W. (2001). The Entrepreneurship of Resource Based Theory. Journal of Management, 27(6), 755–775.
Astungkara, A., & Widayanti, R. (2020). Peran Pendidikan Kewirausahaan dan Love of Money terhadap Intensi Ber-wirausaha pada Mahasiswa Akuntansi. Jurnal Akuntansi Dan Pajak.
Baluku, M. M., Kikooma, J. F., Otto, K., König, C. J., & Bajwa, N. ul H. (2020). Positive Psychological Attributes and Entrepreneurial Intention and Action: The Moderating Role of Perceived Family Support. Frontiers in Psychology, 11. https://doi.org/10.3389/fpsyg.2020.546745
Batz Liñeiro, A., Romero Ochoa, J. A., & Montes de la Barrera, J. (2024). Exploring entrepreneurial intentions and mo-tivations: a comparative analysis of opportunity-driven and necessity-driven entrepreneurs. Journal of Innovation and Entrepreneurship, 13(1). https://doi.org/10.1186/s13731-024-00366-8
Boldureanu, G. , I., Bedrule, G., & Bercu, A. M. (2020). Entrepreneurship education through successful entrepreneurial models in higher education institutions. Sustainability. MDPI.
Buchari, A. (2013). Kewirausahaan. Alfabeta.
Carolis, D. M. De, & Saparito, P. (2006). Social Capital, Cognition, and Entrepreneurial Opportunities: A Theoretical Framework. Entrepreneurship Theory and Practice, 30(1), 41–56.
Duong, C. D. (2021). Exploring the link between entrepreneurship education and entrepreneurial intentions: the mod-erating role of educational fields. National Economics University, Vietnam.
Edelman, L. F., Manolova, T., Shirokova, G., & Tsukanova, T. (2016). The impact of family support on young entre-preneurs’ start-up activities. Journal of Business Venturing, 31(4), 428–448. https://doi.org/10.1016/j.jbusvent.2016.04.003
Effrisanti, Y., & Tri Wahono, H. T. (2022). Pengaruh Literasi Keuangan, Efikasi Diri, dan Love of Money Terhadap Minat Berwirausaha Mahasiswa Prodi Pendidikan Ekonomi STKIP PGRI Jombang. Jurnal Pendidikan Administrasi Per-kantoran (JPAP). https://journal.unesa.ac.id/index.php/jpap
Friedman, S. E. (1998). The Successful Family Business. Dearborn Publishing.
Ghozali. (2016). Aplikasi Analisis Multivariete Dengan Program. IBM SPSS 23 (Edisi 8). Badan Penerbit Universitas Diponegoro.
Hahn, D., Gils, A. van, & Huybrechts, J. (2017). Entrepreneurial education and learning at universities: exploring multilevel contingencies. Entrepreneurship & Regional Development, 29(9–10), 945–974.
Harjali, H. (2019). uilding Constructivist Learning Environment at Senior High School in Indonesia. The Qualitative Report.
Hisrich, R. D., Peters, M. P., & Shepherd, D. A. (2017). Entrepreneurship (10th ed.).
Hoang, G. H. (2020). Entrepreneurship education and entrepreneurial intentions of university students in Vietnam: the mediating roles of self efficacy and learning orientation. Education + Training.
Ilomo, M., & Mwantimwa, K. (2023). Entrepreneurial Intentions Of Undergraduate Students: The Moderating Role Of Entrepreneurial Knowledge. International Journal of Entrepreneurial Knowledge, 11(1), 14–34. https://doi.org/10.37335/ijek.v11i1.178
Jiatong, W., Murad, M., Bajun, F., Tufail, M. S., Mirza, F., & Rafiq, M. (2021). Impact of Entrepreneurial Education, Mindset, and Creativity on Entrepreneurial Intention: Mediating Role of Entrepreneurial Self-Efficacy. Frontiers in Psychology, 12. https://doi.org/10.3389/fpsyg.2021.724440
Le, T. T., Nguyen, T. H., Ha, S. T., Nguyen, Q. K., Tran, N. M., & Duong, C. D. (2023). The effect of entrepreneurial education on entrepreneurial intention among master students: prior self-employment experience as a moderator. Central European Management Journal, 31(1), 30–47. https://doi.org/10.1108/CEMJ-10-2021-0116
Luna Arocas, R., & Tang, T. L. P. (2004). Does the love of money moderate and mediate the income–pay satisfaction relationship? Journal of Managerial Psychology, 19(2), 111–135.
Milkovich, G. T., & Newman, J. M. (2002). Compensation (7th ed.). MA: McGraw-Hill/Irwin.
Nowiński, W., Haddoud, M. Y., Wach, K., & Schaefer, R. (2020). Perceived public support and entrepreneurship attitudes: A little reciprocity can go a long way! Journal of Vocational Behavior.
Poornima Wasdani, K., & Mathew, M. (2014). Potential for opportunity recognition along the stages of entrepreneurship. Journal of Global Enterprenuership Research. http://www.journal-jger.com/content/2/1/7
Rachmawati, H., & Subroto, W. T. (2022). Pengaruh Lingkungan Keluarga, Pengetahuan Kewirausahaan Dan Motivasi Berwirausaha Terhadap Minat Berwirausaha Mahasiswa. Edunomic: Jurnal Ilmiah Pendidikan Ekonomi Fakultas Keguruan Dan Ilmu Pendidikan. https://doi.org/10.3360/ejpe.v10i1.6236
Rifai. (2018). Efikasi diri dan regulasi emosi dalam mengatasi prokrastinasi akademik. CV Sindunata.
Rubenstein, C. (1981). Money and self-esteem, relationships, secrecy, envy, satisfaction. Psychology Today, 29–44.
Sugiyono. (2018). Metode Penelitian Bisnis, Pendekatan Kuantitatif, Kualitatif dan R&D. Alfabeta.
Taboroši, S. D. S., Rajković, J., Stojanović, E. T., Berber, N., Poštin, J., Bešić, C., & Nikolić, M. (2023). Can Machiavelli-anism and Money Intentions Influence Entrepreneurial Intention? Sciendo : Organizacija, 56(4), 297–308. https://doi.org/10.2478/orga-2023-0020
Tang, T. L. P. (2016). Theory of Monetary Intelligence: Money Attitudes—Religious Values, Making Money, Making Ethical Decisions, and Making the Grade . Journal of Business Ethics, 133(3), 583–603.
Tang, T. L. P., Chen, Y., & Sutarso, T. (2008). Bad apples in bad (business) barrels: The love of money, Machiavellianism, risk tolerance, and unethical behavior. Management Decision, 46(2), 243–263.
Tang, T. L.-P. (1992). The Meaning of Money Revisited. Journal of Organizational Behavior, 13(2), 197–202.
Widiawan, K., Adeline, S. F., Anastasya, K. M., Wijaya, F., & Vidya, Y. A. (2024). Minat Berwirausaha Mahasiswa Teknik: Sebelum dan Sesudah Pendidikan Kewirausahaan (M. Suardi, Ed.). CV. Azka Pustaka.
Xu, F., Kellermanns, F. W., Jin, L., & Xi, J. (2020). Family support as social exchange in entrepreneurship: Its moderating impact on entrepreneurial stressors-well-being relationships. Journal of Business Research, 120, 59–73. https://doi.org/10.1016/j.jbusres.2020.07.033
Zhang, H., & Chen, H. (2023). Sustainable entrepreneurship out of entrepreneurial opportunity identification: The me-diating role of psychological capital. Frontiers In Psychology.
Zhenning, L., Bing, J., & Shulei, B. (2022). Impact of diierent types of entrepreneurial alertness on entrepreneurial op-portunities identification. Frontiers in Psychology.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 International Journal of Economics and Management Research
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
