Predictors of Entrepreneurial Intention to Internationalize for Family Business in Indonesia

Abstract

Entrepreneurial Intention to Internationalize is starting to increasingly take scholarly attention as the attempts of internationalizing businesses becomes one of businesses’ inevitable survival and growth strategy, including Family Businesses. Despite the limited resources on the role of Entrepreneurship Intention to Internationalize, this study managed to start identifying factors that may affect it through a pre-survey, which are Entrepreneurship Education, Financial Support and a mediating variable, Entrepreneurial Self-Efficacy. This research involves conducting a quantitative survey of 97 respondents meeting the criteria of potential Family Business Successors who have had entrepreneurship education and have never done any internationalization activities. The result of this study showed that Entrepreneurship Education, Financial Support and Entrepreneurial Self-Efficacy have a positive significant relationship with Entrepreneurial Intention to Internationalize. As a mediating variable, Entrepreneurial Self-Efficacy was also found to have a mediating effect for Financial Support to Entrepreneurial Intention to Internationalize but is unnecessary to explain the relationship between Entrepreneurship Education and Entrepreneurial Self-Efficacy.