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Unveiling the Role of Risk-Taking Ability in Mediating the Influence of Entrepreneurship Education, Digital Financial Literacy, and Financial Self-Efficacy on Students’ Courage to Start a Business Sutrisno; Solihati, Garin Pratiwi; Syamsuri; Pramono, Susatyo Adhi; Jayanto, Imam; Shafiq, Muhammad Aqib
Jurnal Kependidikan : Jurnal Hasil Penelitian dan Kajian Kepustakaan di Bidang Pendidikan, Pengajaran, dan Pembelajaran Vol. 12 No. 1 (2026): March
Publisher : LPPM Universitas Pendidikan Mandalika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33394/jk.v12i1.19701

Abstract

This study aims to analyze the effects of Entrepreneurship Education, Digital Financial Literacy, and Financial Self-Efficacy on Students’ Courage to Start a Business, with Risk-Taking Ability as a mediating variable. A quantitative approach with a survey design was employed, with 100 university students in Banyumas Regency selected via purposive sampling. Data were collected through a structured online questionnaire and analyzed using SEM-PLS with a bootstrapping procedure. The results indicate that Entrepreneurship Education, Digital Financial Literacy, and Financial Self-Efficacy have positive and significant effects on Risk-Taking Ability. Furthermore, Risk-Taking Ability has a positive and significant effect on Students’ Courage to Start a Business. In addition, Risk-Taking Ability is proven to positively and significantly mediate the effects of the three independent variables on students’ entrepreneurial courage. These findings suggest that students’ entrepreneurial courage is largely determined by their ability to assess risks and opportunities and to make decisions under uncertainty. This study contributes theoretically by uniquely integrating financial aspects and psychological aspects within a single framework grounded in the Theory of Planned Behavior, Social Cognitive Theory, and Behavioral Finance Theory. By linking students’ digital financial capability with their risk-taking ability, the model explains how financial knowledge strengthens psychological readiness in entrepreneurial decision-making. The findings also provide practical implications for higher education institutions and policymakers in designing entrepreneurship programs that simultaneously develop digital financial competence and risk-taking capacity.
Co-Authors Abdullah, Rezky Putri Indarwati Abdullah, Surya Sumantri Adelfia Papu Agus Suyatno Alamri, Firdaus Alfakih, Ahmad Fauzi Anantadjaya, Samuel PD Angelina Stevany Regina Masengi Anggraeni, Inda Permata Anggreni, Made Ayu Antasionasti, Irma Aslah, Aprilia Assery, Syeh Astuti, Ni Nyoman Sri Widya Ayhuan, Jeckson Badu, Nindi Badu, Nindi S. Baehaqi Bambang Purwoko Boky, Harmita Chandra, Salsabila Stefani Daimunon, Regita Defny Silvia Wewengkang Devy Sofyanty Dewa Oka Suparwata DEWI SARTIKA Dian Nurmansyah Dian Parwati Durya, Ngurah Pandji Mertha Agung Edi, Hosea Jaya Fatimawali . Fridly Manawan Gagola, Mariana Cristi Ayu Gayatri Citraningtyas Gde Bayu Surya Parwita Gumilar, Bobi Hamdany, Mohammad Azharie Hamzah , Ramadhani Hariyanto, Yuanita Amalia Hendy Tannady Herny E.I. Simbala Hosea Jaya Edy Jolanda, Shinta Juliawati, Ni Waya Mega Juliawati, Ni Wayan M. Kainde, Michelle Angela Kambey, Bella Karlah L. R. Mansauda Karundeng, Glorya Kawulusan, Kerin Sophia Amelia Clairent Kawuwung, Christy Eunike Launa Klemens Mere Kondoj, Inchristy Victoria Kumowal, Selphina Kusuma Dewi, Ratih Puspita Lambey, Juan Sebastian Langi, Regita LAUNTU, ANSIR Lestari, Utami Sasmita Liana Fitriani Hasymi Lolo, Widya Astuti LUBIS, AMINAH Mahendra Kusuma Nugraha Mait, Mutiara G Makinggung, Catalina Aurelia Jetty MANGUNE, GLORYA DORCHICYLHIA Massie, Aprilia Meilani Jayanti Mondigir, Stievanno Eucharisto A. Monoarfa, Margareta Marcelina Muh. Abduh Anwar Mumu, Preisdy Aprilia Murthada Nangaro, Alfred Nangaro, Jesica Nawangwulan, Irma M Nekky Rahmiyati Ningtyas, Harfiahani Indah Rakhma Nurnoviyati, Ikhda Nurul Mardiati Pakpahan, Kevin Yosua Paputungan, Ayu Paputungan, Ayu Natasya Paulina yamlean Pratiwi, Ageng I. Purwaka Hari Prihanto Rambi, Shekinaglory Rizal Rizal Rumangkang, Jonathan C. Safitransyah, Rahmad Puja saputri, tiara Sari, Elmi Sari, Elmi N. Shafiq, Muhammad Aqib Siampa, Jainer Pasca Sigar, Meivie Hanna Solihati, Garin Pratiwi Solly Aryza Sri Sudewi, Sri Suhara, Ade Sundalangi, Chania Feronika SUPRAYITNO Susatyo Adhi Pramono, Susatyo Adhi Sutrisna, Agung SUTRISNO SYAMSURI Tambahani, Anggita Ekawanti Juvenisti Tatara, Juita S. D. Tirta Mulyadi Tresna, Indra Cahya Tuloli, Riska Tulung, Gerald Tulung, Gerald N. P. Tunggal, Ryan Irwanto Turama, Dwilanda E. Utiarahman, Nurnaningsih Vitarani Dwi Ananda Ningrum Wenur, Tezalonika Masye Flora Intanpermata Widdhi Bodhi Widya Astuty Lolo, Widya Astuty Windah, Axl Laurens Lukas Wiyono, Weny I. Woyongan, Patricia Rachel Tesalonika Yayat Sudrajat Yulistina Yulistina