The Impact of Family Support on Students' Entrepreneurial Aspirations in Family Businesses
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Abstract
Family-run businesses make a significant contribution to the global economy, with estimates suggesting that they control 80-98% of companies worldwide. In Indonesia, family businesses account for more than 95% of all businesses and contribute around 25% to national income. However, the sustainability of these businesses across generations is challenging. Effective succession planning is essential to ensure sustainability, as it requires an understanding of the interests of the next generation. This study discusses the effect of family support on the interest in continuing a family business. The purpose of this study was to determine the effect of family support and interest in continuing a family business. The population used in this study were UPI Tasikmalaya Campus Entrepreneurship Students, batches 22 and 24, totaling 50 students taken by purposive sampling. This study uses a quantitative method with data collection techniques through questionnaires. The data analysis technique uses a regression test with Family Support (X), Interest in Continuing Family Business (Y). Based on the results of this study, it shows that family support has a positive and significant effect on the interest in continuing a family business.
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How to Cite
Fauzan Hartono, M., Ramadhani, D. B., Rosalia, I., & Fauziyah, A. (2024). The Impact of Family Support on Students’ Entrepreneurial Aspirations in Family Businesses. Enrichment : Journal of Management, 14(5), 904-915. https://doi.org/10.35335/enrichment.v14i5.2127
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Paul, J., Alhassan, I., Binsaif, N., & Singh, P. (2023). Digital entrepreneurship research: A systematic review. Journal of Business Research, 156(November 2022), 113507. https://doi.org/10.1016/j.jbusres.2022.113507
Ravina-Ripoll, R., Galvan-Vela, E., Sorzano-Rodríguez, D. M., & Ruíz-Corrales, M. (2023). Mapping intrapreneurship through the dimensions of happiness at work and internal communication. Corporate Communications, 28(2), 230–248. https://doi.org/10.1108/CCIJ-03-2022-0037
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S.K. Jauhar, M. Pant, V. Kumar, N.K. Sharma, P. Verma Supply chain and the sustainability management: Selection of suppliers for sustainable operations in the manufacturing industry Chapter 4, sustainability in industry 4.0: Challenges and remedies, CRC Press, Taylor & Francis (2021), pp. 75-93
Thomas, & Soelaiman, L. (2023). The Influence of Family Support, Finance, and Business Networks on the Success of Young Entrepreneurs with Innovation Capability as Mediation. International Research Journal of Economics and Management Studies, 2(1), 87–93. https://doi.org/10.56472/25835238/irjems-v2i1p112
Tomy, S., & Pardede, E. (2020). An entrepreneurial intention model focussing on higher education. International Journal of Entrepreneurial Behaviour and Research, 26(7), 1423–1447. https://doi.org/10.1108/IJEBR-06-2019-0370
V.S. Murugesan, A.H. Sequeira, S.K. Jauhar, V. Kumar. Sustainable postal service design: integrating quality function deployment from the customer perspective International Journal of System Assurance Engineering and Management, 11 (2) (2020), pp. 494-505
Wahyuning, S. (2021). Dasar-Dasar Dasar Statistik.
Waruwu, M. (2023). Pendekatan Penelitian Pendidikan: Metode Penelitian Kualitatif, Metode Penelitian Kuantitatif dan Metode Penelitian Kombinasi (Mixed Method). Jurnal Pendidikan Tambusai , 7(1), 2896–2910.
Zahra, S., Neubaum, D., and Larrañeta, B. (2007). Knowledge conversion capability and the performance of corporate and university spin-offs, Industrial and Corporate Change. 16, 569-609.
Anupama. (2024). Women Entrepreneurs in Small and Medium Enterprises. Women Entrepreneurs in Small and Medium Enterprises, 4(2), 1773–1777. https://doi.org/10.1787/9789264162785-en
Athia. (2021). Upaya Adaptif Bisnis Keluarga Dalam Mempertahankan Usahanya Di Era Pandemi Covid-19. Jurnal Bisnis Dan Kewirausahaan, 17(3), 238–250. https://doi.org/10.31940/jbk.v17i3.238-250
Azhari, F. A. (2021). Pengaruh Financial Technology, Succession Planning, Financial Self-Efficacy, dan Personality System terhadap Suksesi Bisnis Keluarga (Studi pada UMKM Bisnis Keluarga Sektor Non-Pertanian di Surabaya). Jurnal Ilmu Manajemen, 9(2), 438. https://doi.org/10.26740/jim.v9n2.p438-450
Cahyadi, J. (2022). Minat Mahasiswa Universitas Kristen Petra Angkatan 2017 Terhadap Minat Meneruskan Bisnis Keluarga. Century: Journal of Chinese Language, Literature and Culture, 10(1), 1–10. https://doi.org/10.9744/century.10.1.1-10
Dewi, L. (2024). The Role of Family Support in Entrepreneurial Endeavors : Perspectives from Family-Owned Businesses. Research Square, 1–12.
D.K. Pathak, A. Verma, V. Kumar.G. SCM barriers to sustainable development in indian manufacturing organizations: A mixed-method approach.International Journal of Logistics systems and Management (2021), 10.1504/IJLSM.2021.10043653
Edwin, W. S. (2023). The Influence of Digital Marketing on Purchase Intention with Brand Awareness as a Mediating Variable. International Journal of Review Management Business and Entrepreneurship (RMBE), 3(1), 21–29. https://doi.org/10.37715/rmbe.v3i1.3929
Fitriadi, Y., Novita, W., & Endriani, D. (2021). Ekonomi Kreatif Sebagai Solusi Bagi Keluarga Pra Sejahtera Untuk Bertahan Dalam Era New Normal. To Maega : Jurnal Pengabdian Masyarakat, 4(1), 35. https://doi.org/10.35914/tomaega.v4i1.473
Garcia, V. M. B., Martens, C. D. P., Carvalho, R. B., & Martens, M. L. (2021). Contributions of entrepreneurial orientation in the use of agile methods in project management. Innovation and Management Review, 18(1), 17–33. https://doi.org/10.1108/INMR-01-2019-0002
Gómez-Mejía, L., Takács Hyanes, K., Núñez-Nickel, M., Jacobson, K. J. L., and Moyano-Fuentes, J. (2007). Socioemotional wealth and business risks in family-controlled firms: Evidence from Spanish olive oil mills, Administrative Science Quarterly, 52(1), 106-137.
Guedes Silva, J. S., Turčínková, J., & Magano, J. (2022). Sustainable Marketing Orientation in the Clothing Industry: Slow or Fast Fashion? Percursos & Ideias, October, 86–99. https://doi.org/10.56123/percursos.2022.n12.86
Hendratmi, A., Agustina, T. S., Sukmaningrum, P. S., & Widayanti, M. A. (2022). Livelihood strategies of women entrepreneurs in Indonesia. Heliyon, 8(9), e10520. https://doi.org/10.1016/j.heliyon.2022.e10520
Irwanto, A., & Ie, M. (2023). Pengaruh Efikasi Diri, Pengetahuan Kewirausahaan, Motivasi Kewirausahaan terhadap Keberhasilan Usaha UMKM F&B di Jakarta Barat. Jurnal Manajerial Dan Kewirausahaan, 5(1), 259–267. https://doi.org/10.24912/jmk.v5i1.22674
Machado, C. F., & Davim, J. P. (2023). Industry 5.0: Creative and Innovative Organizations. In Industry 5.0: Creative and Innovative Organizations (Issue April). https://doi.org/10.1007/978-3-031-26232-6
Martha, J. A. (2021). keterlibatan Keterlibatan Orang Tua dalam Menumbuhkan Minat Anak untuk Melanjutkan Bisnis Keluarga. Jurnal Pendidikan Dan Kewirausahaan, 9(1), 26–41. https://doi.org/10.47668/pkwu.v9i1.163
Meek, W. R., Pacheco, D.F. And York, J. G. (2010). The impact of social norms on entrepreneurial action, Journal of Business Venturing, 25(5), 496- 509.
Nastiti, D. (2021). Buku Ajar Asesmen Minat Dan Bakat Teori Dan Aplikasinya. Buku Ajar Asesmen Minat Dan Bakat Teori Dan Aplikasinya. https://doi.org/10.21070/2020/978-623-6833-74-2
N.K. Sharma, W.K. Chen, K.K. Lai, V. Kumar. Sustainability performance measurement methods, indicators and challenges: A review Chapter 9, book titled “Sustainability in industry 4.0: Challenges and remedies, CRC Press, Taylor & Francis (2021), pp. 179-199
Paul, J., Alhassan, I., Binsaif, N., & Singh, P. (2023). Digital entrepreneurship research: A systematic review. Journal of Business Research, 156(November 2022), 113507. https://doi.org/10.1016/j.jbusres.2022.113507
Ravina-Ripoll, R., Galvan-Vela, E., Sorzano-Rodríguez, D. M., & Ruíz-Corrales, M. (2023). Mapping intrapreneurship through the dimensions of happiness at work and internal communication. Corporate Communications, 28(2), 230–248. https://doi.org/10.1108/CCIJ-03-2022-0037
Sari, D. K., Doriza, S., & Zulfa, V. (2021). Tingkat Pendidikan Dan Motivasi Kesiapan Suksesor Pada Bisnis Keluarga. JKKP (Jurnal Kesejahteraan Keluarga Dan Pendidikan), 8(01), 11–21. https://doi.org/10.21009/jkkp.081.02
Septiarini, D. F., Ratnasari, R. T., Salleh, M. C. M., Herianingrum, S., & Sedianingsih. (2023). Drivers of behavioral intention among non-Muslims toward halal cosmetics: evidence from Indonesia, Malaysia, and Singapore. Journal of Islamic Accounting and Business Research, 14(2), 230–248. https://doi.org/10.1108/JIABR-02-2021-0064
S.K. Jauhar, M. Pant, V. Kumar, N.K. Sharma, P. Verma Supply chain and the sustainability management: Selection of suppliers for sustainable operations in the manufacturing industry Chapter 4, sustainability in industry 4.0: Challenges and remedies, CRC Press, Taylor & Francis (2021), pp. 75-93
Thomas, & Soelaiman, L. (2023). The Influence of Family Support, Finance, and Business Networks on the Success of Young Entrepreneurs with Innovation Capability as Mediation. International Research Journal of Economics and Management Studies, 2(1), 87–93. https://doi.org/10.56472/25835238/irjems-v2i1p112
Tomy, S., & Pardede, E. (2020). An entrepreneurial intention model focussing on higher education. International Journal of Entrepreneurial Behaviour and Research, 26(7), 1423–1447. https://doi.org/10.1108/IJEBR-06-2019-0370
V.S. Murugesan, A.H. Sequeira, S.K. Jauhar, V. Kumar. Sustainable postal service design: integrating quality function deployment from the customer perspective International Journal of System Assurance Engineering and Management, 11 (2) (2020), pp. 494-505
Wahyuning, S. (2021). Dasar-Dasar Dasar Statistik.
Waruwu, M. (2023). Pendekatan Penelitian Pendidikan: Metode Penelitian Kualitatif, Metode Penelitian Kuantitatif dan Metode Penelitian Kombinasi (Mixed Method). Jurnal Pendidikan Tambusai , 7(1), 2896–2910.
Zahra, S., Neubaum, D., and Larrañeta, B. (2007). Knowledge conversion capability and the performance of corporate and university spin-offs, Industrial and Corporate Change. 16, 569-609.