DOES RELIGIOSITY MATTER FOR NEW VENTURE CREATION AMONG GEN Y AND GEN Z IN INDONESIA?

Bayu Sutikno (), Muhammad Hamdi, Nurul Indarti, Hardo Firmana Given Grace Manik (), Andy Susilo Lukito-Budi () and Grisna Anggadwita
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Bayu Sutikno: Department of Management, Faculty of Economics and Business, Universitas Gadjah Mada, Yogyakarta, Indonesia
Nurul Indarti: Department of Management, Faculty of Economics and Business, Universitas Gadjah MadaYogyakarta, Indonesia
Hardo Firmana Given Grace Manik: Department of Management, Faculty of Business, Universitas Kristen Duta Wacana, Yogyakarta, Indonesia
Andy Susilo Lukito-Budi: Faculty of Economics and Business, Atma Jaya Catholic University of Indonesia, Jakarta, Indonesia
Grisna Anggadwita: Faculty of Economics and Business, Universitas Gadjah Mada, Yogyakarta, Indonesia7School of Economics and Business, Telkom University, Bandung, Indonesia

Journal of Developmental Entrepreneurship (JDE), 2023, vol. 28, issue 01, 1-24

Abstract: This study provides empirical evidence of the role of religiosity in new venture creation and its additional moderating roles in individual entrepreneurial orientation and knowledge-sharing attitudes. It uses the lens of social cognitive and social capital theories by incorporating the generational cohort theory to explore Gen Y and Gen Z. This is a hypothetico-deductive study that employs a semi-structured survey of 84 Gen Y and 154 Gen Z respondents from Indonesia. The findings revealed that the effect of religiosity on venture creation was significantly negative for the Gen Y, and the two moderators played a significant role in the relationship between religiosity and venture creation only for the Gen Y. The findings of this study provide the new empirical discourse that even though the Gen Y and the Gen Z are considered digital natives, they have different religious views and behaviors notably when it comes to the decision to set up a new business. This study provides and opens new avenues for future research on this topic and highlights the urgency to explore the religious behavior of earlier generations towards venture creation.

Keywords: Religiosity; new venture creation; individual entrepreneurial orientation; knowledge-sharing attitudes; Gen Y; Gen Z (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1142/S1084946723500048

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