ISSN: 2222-6990
Open access
Small, and Medium Enterprises (SME) management is highly dependent on the role of entrepreneurial leadership because it is one of the keys to success in the company. Entrepreneurial leadership is an act of change that leads to the increasing of creativity, innovation, intuition, leadership skills, motivation, and the courage to take risks in an organization. A leader must be able to influence subordinates’ behavior so that they can cooperate and work productively to achieve organizational goals.
A number of researchers have studied the success factors for Small, and Medium Enterprises (SMEs) by discussing about human/ social and financial capital. But, it is found that only small numbers of researcher who analyze the role of socio-cognitive factors in the SMEs’ success. One of the most important factors is self-efficacy. Self-efficacy is particularly suited for entrepreneurial studies because it builds certain tasks, including an individual's self-esteem, both internal (personality) and external (environmental).
The population of this study is the Alumni of UNESA. The sampling technique is conducted by purposive sampling. Alumni who run a business and graduated at least 2 years before 2017 are chosen as sample. The data analysis technique used is multiple regression analysis. The results of this study conclude that there is influence between entrepreneurial leadership and financial self-efficacy on the performance of micro and small business amongst the alumni.
Amatucci, F.M. and Crawley, D.C. (2011). Financial Self-Eficacy Among Women Entrepreneurs. International Journal of Gender and Entrepreneurship, Vol 3 (1) 23 – 37
Asandimitra, N. and Kautsar, A. (2017). Financial Self-Efficacy on Women Entrepreneurs Success. International Journal of Academic Research in Business and Social Sciences, Vol. 7, No. 11
Ajzen, I. (1988). Attitudes, Personality and Behaviour. England: Open University Press.
Bandura, A. (1997) Self-efficacy: Toward A Unifying Theory of Behavioral Change. Psychological Review, vol 84, pp 191-215.
Caputo, R.K. and Dolinsky, A. (1998). Women’s Choice to Pursue Self-Employment: The Role of Financial and Human Capital of Household Members.Journal of Small Business Management, Vol. 36 No. 3, pp. 8-18.
Carter, N., Williams, M. and Reynolds, P. (1997). Discontinuance among New Firms in Retail: The Influence of Initial Resources, Strategy, and Gender. Journal of Business Venturing, Vol. 12, pp. 125-45.
Carter, W. R., Nesbit, P. L., Badham, R. J., Parker, S. K., & Sung, L. K. (2016). The effects of employee engagement and self-efficacy on job performance: a longitudinal field study. International Journal of Human Resource Management, 1-20. DOI: 10.1080/09585192.2016.1244096
Chandler, G. and Hanks, S.H. (1998). An Examination of The Substitutability of Founders’ Human and Financial Capital in Emerging Business Ventures. Journal of Business Venturing. Vol. 13, pp. 353-69
Cherian, J. & Jolly, J. (2013). Impact of Self Efficacy on Motivation and Performance of Employees, International Journal of Business and Management. Vol. 8, No. 14; 2013
Chheda, K. & Banga, C. (2013). Impact of Entrepreneurial Leadership on Performance of Small and Medium Enterprises in India. Journal of Asia Entrepreneurship and Sustainability. Vol XI Iss 2
Corbin, B. (2007). Entrepreneurial Leadership – Fundamental_Finance, (online), www.redsamara.com, 28 Desember 2016
Covin, J., and Slevin, D. (1991). A Conceptual Model of Entrepreneurship as Firm Behavior. Entrepreneurship: Theory and Practice, 16(1), 7-24.
Covin, J. G., & Slevin, D. P. (1988). The Influence of Organization Structure on The Utility of an Entrepreneurial Top Management Style. Journal of Management Studies. 25(3), 217-34.
Fauzi. (1995). Kamus Akuntansi Praktisi. Surabaya
Fernald, L.W., Solomon, G.T., and Tarabishy, A. (2005). A new paradigm: Entrepreneurial leadership. Southern Business Review, 30(2), 1-10.
Hutomo, F. (2014). Analisis Pengaruh Entrepreneurial Leadership dan Motivasi Kerja terhadap Kinerja Karyawan PT Tiga Putra Adhi Mandiri. Binus Business Review. Vol 5 No 1, Mei
Ghozali, I. (2006). Aplikasi Analisis Multivariate Dengan Program SPSS. Cetakan Keempat. Semarang: Badan Penerbit Universitas Diponegoro.
Gist, M.E. (1987), Self-Efficacy: Implications for Organizational Behavior and Human Resource Management. Academy of Management Review. Vol. 12 No. 3, pp. 472-85.
Goossen, R. (2007). Entrepreneurial Excellence. USA: Book Mart Press
Hasibuan, M. (2006). Manajemen Dasar, Pengertian, dan Masalah. Edisi Revisi. Jakarta: Bumi Aksara.
Hitt, M. A., and Ireland, R. D. (2002). The essence of strategic leadership: Managing human and social capital. Journal of Leadership and Organization Studies. 9(1): 3– 14.
Khedhaouria A, Gur?u G & Torrès O. (2015). Creativity, Self-Efficacy, and Smallfirm Performance: The Mediating Role of Entrepreneurial Orientation. Small Business Economics, An Entrepreneurship Journal, Volume 44 Number 3. DOI 10.1007/s11187-014-9608-y
Krueger, N.F., Reilly, M.D. and Carsrud, A.L. (2000). Competing models of entrepreneurial intentions. Journal of Business Venturing, Vol. 15 Nos 5-6, pp. 411-32.
Lestari, A. (2014). Pengaruh Entrepreneurial Leadership Terhadap Kinerja Karyawan (Studi Kasus Pada Head Office PT Bank XYZ Indonesia). Abstrak. http://download.portalgaruda.org/article.php?article=168883&val=4096&title=Pengaruh%20Entrepreneurial%20Leadership%20Terhadap%20Kinerja%20Karyawan%20(Studi%20Ka
In-Text Citation: (Kautsar, Asandimitra, & Aji, 2018)
To Cite this Article: Kautsar, A., Asandimitra, N., & Aji, T. S. (2018). Financial Self-Efficacy and Entrepreneurial Leadership on SME Performance. International Journal of Academic Research in Business and Social Sciences, 8(12), 1806–1816.
Copyright: © 2018 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode