Citation:

Nabilla Ummu Amalia, Shoimatul Fitria, Foza Hadyu Hasanatina. "Influence of Entrepreneurial Orientation and Family Support on Female MSMEs Investment Intention" International Research Journal of Economics and Management Studies, Vol. 4, No. 8, pp. 131-139, 2025. Crossref. http://doi.org/10.56472/25835238/IRJEMS-V4I8P114

Abstract:

The study aims to identify the aspects influencing the investment intention of female MSME owners. The independent variables that have been gathered are entrepreneurial orientation and family support. Meanwhile, the dependent variable for this study is investment intention. The purpose of this study is to determine the influence of entrepreneurial orientation and family support on female MSMEs' investment intention. This quantitative research was conducted using a survey method distributed to all young entrepreneurs who own businesses in any field and have been operating for more than 6 months. The collected data were then analyzed using IBM SPSS 27 with descriptive analysis and multiple regression analysis. The total sample size used was 117 samples. The study shows that entrepreneurial orientation affects the female MSMEs' investment intentions; meanwhile, there is not enough evidence to prove that family support does influence female MSMEs' investment intentions. Therefore, family support does not affect female MSMEs' investment intention.

References:

[1] Rahman A, Karsudjono A, Najmi L. Pengaruh Pengetahuan, Dukungan Keluarga, Dan Minat Mahasiswa Terhadap Keputusan Mahasiswa Dalam Memilih Kuliah Di Jurusan Akuntansi Pada Sekolah Tinggi Ilmu Ekonomi (Stie) Pancasetia Banjarmasin. J Mitra Manaj. 2019;3(9):918–31.
[2] Ikmal N, Indriastuti I, Suprayoga S. Gender Equality and Women’s Empowerment: Women’s Participation In Era 4.0. Proc First Int Conf Democr Soc Transform. 2022;ICON-DEMOS.
[3] Badan Pusat Statistik. 2024. Pelaku UMKM Berdasarkan Jenis Kelamin di Indonesia Tahun 2021.
[4] Ikmal NM, Indriastuti I, Hardiningtyas D. Analysis of Women’s Participation in the Local Economy through Small and Medium Enterprise (SME). In 2022.
[5] Wiwik Sri Widiarty. Peran Perempuan Terhadap Umkm Dalam Perspektif Hukum Ekonomi. Unes Law Rev [Internet]. 2023;6(10):1–7. Available from: https://review-unes.com/https://creativecommons.org/licenses/by/4.0/
[6] Agustini V, Budi Y, Rustiyaningsih S. Internal factors of entrepreneurial and business performance of small and medium enterprises ( SMEs ) in East Java , Indonesia. Heliyon [Internet]. 2023;9(11):e21637. Available from: https://doi.org/10.1016/j.heliyon.2023.e21637
[7] Ozbu FC. Resource efficiency investments and fi rm performance: Evidence from European SMEs g. 2020;252.
[8] Appiah MK, Anderson Akolaa R, Ayisi-Addo AK. Modeling the impact of macroenvironmental forces on investment in Renewable Energy Technologies in Ghana: the moderating role of Entrepreneurship orientation dimensions. Cogent Econ Financ [Internet]. 2022;10(1). Available from: https://doi.org/10.1080/23322039.2022.2071387
[9] Appiah MK, Sedegah DD, Akolaa RA. The implications of macroenvironmental forces and SMEs investment behaviour in the energy sector: the role of supply chain resilience. Heliyon [Internet]. 2021;7(11):e08426. Available from: https://doi.org/10.1016/j.heliyon.2021.e08426
[10] Appiah MK, Possumah BT, Ahmat N, Sanusi NA. External environment and SMEs investment in the Ghanaian oil and gas sector. Econ Sociol. 2018;11(1):124–38.
[11] Silvinar & Maisya Pratiwi. Faktor-faktor yang mempengaruhi niat investasi generasi milenial kota padang di pasar modal syariah. J Ekon dan Bisnis Islam. 2024;9(1).
[12] Yuniningsih Y, Santoso B. Does Family Environment Moderate The Effect of Financial Literacy, Attitudes and Motivation on Investment Interest. Atestasi J Ilm Akunt. 2020;3(2):126–32.
[13] Cui D, Cheng L, You J. Financing constraints and patent investment in small and medium-sized enterprises: A family entrepreneurial perspective. Financ Res Lett [Internet]. 2024;63(April):105318. Available from: https://doi.org/10.1016/j.frl.2024.105318
[14] Ajzen I, Fishbein M. The Influence of Attitudes on Behavior. Handb Attitudes. 2005;(January 2005):187–236.
[15] Thobaben M, Friedman MM. Family Nursing: Theory and Assessment. Am J Nurs [Internet]. 3rd Editio. 1987 [cited 2025 Jul 19];87(2):257. Available from: https://www.scirp.org/reference/referencespapers?referenceid=1957798
[16] Relente ARR, Capistrano EPS. Innovation self-efficacy, theory of planned behavior, and entrepreneurial intentions: The perspective of young Filipinos. Asia Pacific Manag Rev. 2025 Sep 1;30(3):100350.
[17] Engelen A, Gupta V, Strenger L, Brettel M. Entrepreneurial Orientation, Firm Performance, and the Moderating Role of Transformational Leadership Behaviors. J Manage. 2015 May 5;41(4):1069–97.
[18] Nasution MDTP, Rafiki A, Lubis A, Rossanty Y. Entrepreneurial orientation, knowledge management, dynamic capabilities towards e-commerce adoption of SMEs in Indonesia. J Sci Technol Policy Manag. 2021;12(2):256–82.
[19] Appiah MK, Odei SA, Kumi-Amoah G. Modelling the determinants of SME’s investment intention in the Ghanaian energy sector: the role of local content policy. Int J Energy Sect Manag. 2022;18(1):94–118.
[20] Rojas A, Lorenzo D. Environmental and Social Goals in Spanish SMEs: The Moderating Effect of Family Influence. Sustain 2021, Vol 13, Page 1998 [Internet]. 2021 Feb 12 [cited 2025 Jul 7];13(4):1998. Available from: https://www.mdpi.com/2071-1050/13/4/1998/htm
[21] Gottlieb G. Developmental-behavioral initiation of evolutionary change. Psychol Rev. 2002;109(2):211–8.
[22] Sarason IG, Sarason BR. Social support: Mapping the construct. J Soc Pers Relat. 2009 Feb;26(1):113–20.
[23] Sekaran U, Roger B. Research Methods for Business: A Skill-Building Approach [Internet]. 6th Edition. Chicester: Wiley; 2017 [cited 2025 Jul 20]. Available from: https://www.scirp.org/reference/referencespapers?referenceid=3713226

Keywords:

Entrepreneurial Orientation, Family Support, Investment Intention, Female Role, MSMEs.