The Characteristics of Indonesian Entrepreneurs

International Journal of Economics and Management Studies

© 2025 by SSRG - IJEMS Journal

Volume 12 Issue 1

Year of Publication : 2025

Authors : Hasan, Jayadi Lase, Maskudi

10.14445/23939125/IJEMS-V12I1P102

How to Cite?

Hasan, Jayadi Lase, Maskudi, "The Characteristics of Indonesian Entrepreneurs," SSRG International Journal of Economics and Management Studies, vol. 12,  no. 1, pp. 8-17, 2025. Crossref, https://doi.org/10.14445/23939125/IJEMS-V12I1P102

Abstract:

The progress of a business is closely related to the characteristics of entrepreneurs. This research highlights the tendency of entrepreneurs in Indonesia to take advantage of age, education, risk-taking attitude, and loans that are accessible by the members of the family. The data used is IFLS-4, which has not been used much in Indonesia’s entrepreneurship and business research. The results of this study show that the higher the age, the more inclined to be an entrepreneur, and the higher formal schools tend not to be an entrepreneur. It also shows that entrepreneurs in Indonesia are mostly risk-averse people, although a risk-taker person is more likely to be an entrepreneur than a risk-averse one. This study shows the positive link between the amount of loans and the tendency to be an entrepreneur. Suggestions for further research and policy implications of this research are discussed further.

Keywords:

Entrepreneur, Education, Age, Risk-attitude, Loan access, and IFLS.

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