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Abstract

This study investigated self-efficacy and financial behavior of young entrepreneurs in East Java during the Covid-19 pandemic. Research respondents came from 5,161 young entrepreneurs in East Java with an age range of 18-34 years who took part in Financial Life Skills (FLS) Online Train- ing during June 2020 to April 2021. Data were collected using a questionnaire developed by the YouthWin Through Economic Participation (YEP) project funded by USAID1. The results showed that young entrepreneurs participating in FLS training had slightly higher self-efficacy in financial skills compare to self-efficacy in soft skills, and high financial inclusion behavior with insufficient financial literacy. The findings also revealed a positive, strong, and significant correlation between self-effi- cacy in soft skills and self-efficacy in financial skills; as well as a positive, moderate, and significant corralation between self-efficacy in soft skills and financial behavior related to the attitude towards the importance of understanding financial literacy. To support Indonesian young entrepreneurs, make better, optimal business and financial decisions, they need to be equipped with various self-capacity development programs that combine soft skills with financial skills.

Bahasa Abstract

Penelitian dibuat untuk melihat self efficacy serta financial behavior para wirausaha muda di Jawa Timur selama masa pandemi Covid-19. Responden penelitian berasal dari 5.161 wirausaha muda di Jawa Timur dengan rentang usia 18-34 tahun yang mengikuti Financial Life Skills (FLS) Online Training selama bulan Juni 2020 hingga April 2021. Data dikumpulkan menggunakan kue- sioner yang dikembangkan oleh proyek YouthWin Through Economic Participation (YEP) yang di- danai oleh USAID1. Hasil penelitian menunjukkan bahwa wirausaha muda peserta pelatihan FLS memiliki self efficacy-financial skills yang sedikit lebih tinggi dibandingkan dengan self efficacy- soft skills; serta perilaku financial inclusion yang tinggi namun kurang didukung dengan financial literacy yang cukup. Temuan juga membuktikan akan adanya korelasi yang positif, kuat dan signifi- kan antara self efficacy-soft skills dengan self efficacy-financial skills; serta kerapatan yang positif, moderat dan signifikan antara self efficacy-soft skills dengan financial behavior terkait sikap akan pentingnya memahami financial literacy. Agar wirausaha muda Indonesia dapat membuat keputusan usaha serta keuangan yang optimal, mereka perlu dibekali dengan berbagai program pengembangan kapasitas diri yang menggabungkan soft skills dengan financial skills.

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