Fear of Funding Failure as a Moderator of Social Entrepreneurial Intentions

Fathony Rahman (Universitas Prasetiya Mulya, BSD Campus, Kompleks EduTown BSD City, Jl. BSD Raya Utama, Kavling I.1, Tangerang, Banten)

International Research Journal of Business Studies
2026: Just Accepted Manuscript and Article In Press

Driven by the gained popularity of social entrepreneurship in the growing pressure for sustainable development goals (SDG), this study examines factors that predict the intention to pursue social entrepreneurship among Indonesian Generation Z. This study also examines the moderating role of fear of failure in getting the funding (as a classic situation that challenges Indonesian Generation Z entrepreneurs) in the relationship. Data was collected from a survey of 291 respondents and was analyzed using structural equation modeling with partial least squares (PLS-SEM). Self-efficacy was found to predict social entrepreneurial intentions; more interestingly, the relationship was negatively moderated by fear of failure for not getting enough funding. This study is the first to highlight the fear of failure to secure funding in understanding the mechanism of factors influencing social entrepreneurship intention among Generation Z in Indonesia.