Entrepreneurial Personality in Predicting Self-Regulation on Small and Medium Business Entrepreneurs in Pekanbaru, Riau, Indonesia

Farradinna, Syarifah and Fadhlia, Tengku Nila and Azmansyah, Azmansyah (2018) Entrepreneurial Personality in Predicting Self-Regulation on Small and Medium Business Entrepreneurs in Pekanbaru, Riau, Indonesia. Journal of Management and Marketing Review, 3 (1). pp. 34-39.

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Abstract

Objective – The present study was conducted to describe the psychological state of the entrepreneur in the utilization of resource potential and business development, and to identify the personality factors that most influence self-regulation in SMEs entrepreneurs. Methodology/Technique – This study was performed using a measurement scale in order to test the response of the personality factors and self-regulation of entrepreneurs of SMEs in Pekanbaru, Riau. The sample included 152 entrepreneurs of SMEs. Regression analysis was been applied to test the influence of the personality factors contributing towards self-regulation. In addition, descriptive response analysis is used to describe the response shown by the participants regarding the variables measured. Findings – The analysis shows that personality factors (openness to experience, conscientiousness, extraversion, agreeableness) have a significant effect on self-regulation in entrepreneurs in Pekanbaru City. The results also show that the personality factor neuroticism does not have a significant effect on self-regulation in entrepreneurs of SMEs in Pekanbaru, Riau. Novelty – SMEs in Indonesia hold the potential for increasing economic growth. Despite this, the Central Bureau of Statistics has recorded a decrease in the number of new SMEs from 2011 to 2014. Type of Paper: Empirical.

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