2021
DOI: 10.31106/jema.v18i2.12563
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Entrepreneur’s perceived risk and risk-taking behavior in the small-sized creative businesses of tourism sector during COVID-19 pandemic

Abstract: The small-sized creative business in the tourism sector has been suffering risks of bankruptcy since the outbreak of coronavirus disease (COVID-19). Drawing on the basic theory of reasoned action, this study aims to investigate entrepreneur risk perceptions affect their risk-taking behavior. This study only focuses on the determinants of risk-taking, with regards to the perspective from an entrepreneurial lens in perceiving business, product, and profit risk during the COVID-19 pandemic. A quantitative approac… Show more

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Cited by 6 publications
(5 citation statements)
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“…Therefore, this study focuses on SME's in the East Java furniture group. This is one of the major drivers of the Indonesian economy, especially because SME's in East Java account for up to 54.98% of the total GDPR generated (Subagyo et al, 2020;Agustina et al, 2021).…”
Section: Introductionmentioning
confidence: 99%
“…Therefore, this study focuses on SME's in the East Java furniture group. This is one of the major drivers of the Indonesian economy, especially because SME's in East Java account for up to 54.98% of the total GDPR generated (Subagyo et al, 2020;Agustina et al, 2021).…”
Section: Introductionmentioning
confidence: 99%
“…In this case, the impact of the trade war benefits the stock portfolio's performance, namely a significant increase in yield due to the positive influence of profitability. Companies with strong profitability are crisis resistant when faced with events that shake the capital market compared to those vulnerable from the profit side (Agustina et al, 2021;Chiah et al, 2016;Kasmiati & Santosa, 2019).…”
Section: Resultsmentioning
confidence: 99%
“…On the other hand, entrepreneurs are often seen as a profession, from one of the actors in economic growth in a region. With people increasingly recognizing entrepreneurs as a profession, entrepreneurs cannot be separated from several important characteristics, for example related to risk taking as a part of entrepreneurial orientation (Agustina & Pradesa, 2020;Kharisma et al, 2020) and this can be influenced by risk perceptions (Agustina et al, 2021). As an important part of entrepreneurial orientation, risk taking was found to have no significant difference between male and female entrepreneurs (Agustina & Pradesa, 2020), this also inspired this research in exploring gender differences in entrepreneurial interest in students.…”
Section: Introductionmentioning
confidence: 91%