Transformational entrepreneurship and its effect on readiness for change, psychological capital, and employee performance: evidence from an Indonesian bank [version 1; peer review: 2 approved, 1 approved with reservations]

Continuing failures of financial capitalism across borders have led corporation to develop a more balanced economic growth model of transformational entrepreneurship that emphasises both short-term economic and longer-term social impacts. The model encourages entrepreneurial activities that bring ma...

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Autores principales:	Michael Gunawan, Retno Wijayanti, Febri Nila Chrisanty, Budi W. Soetjipto, Ani Wahyu Rachmawati, Santi Rahmawati
Formato:	article
Lenguaje:	EN
Publicado:	F1000 Research Ltd 2021
Materias:	Medicine R Science Q
Acceso en línea:	https://doaj.org/article/745f00104fb8471db5a528a24fe8827d
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spelling	oai:doaj.org-article:745f00104fb8471db5a528a24fe8827d2021-11-15T15:26:10ZTransformational entrepreneurship and its effect on readiness for change, psychological capital, and employee performance: evidence from an Indonesian bank [version 1; peer review: 2 approved, 1 approved with reservations]2046-140210.12688/f1000research.52480.1https://doaj.org/article/745f00104fb8471db5a528a24fe8827d2021-09-01T00:00:00Zhttps://f1000research.com/articles/10-887/v1https://doaj.org/toc/2046-1402Continuing failures of financial capitalism across borders have led corporation to develop a more balanced economic growth model of transformational entrepreneurship that emphasises both short-term economic and longer-term social impacts. The model encourages entrepreneurial activities that bring major changes in the related markets and industries, as well as changes in society and culture. At the corporate level, transformational entrepreneurship prepares employees for any potential changes induced by a dynamic environment; it also improves the psychological capital of individual employees, and effective transformational entrepreneurship can eventually accelerate performance. The purpose of this study is to investigate (1) the direct and indirect effects of transformational entrepreneurship on readiness for change, psychological capital and employee performance, and (2) how the effects to readiness for change and psychological capital influence employee performance. The study data were collected using questionnaires completed by employees in 257 branches of a state-owned bank with locations throughout Indonesia. The data were analysed using the structural equation model. The results show that transformational entrepreneurship significantly and positively influences readiness for change, psychological capital, and employee performance and that readiness for change and psychological capital significantly and positively influences employee performance. Additionally, the effect of transformational entrepreneurship on employee performance is more significant if it is related to psychological capital than to readiness for change or to aspects of employee performance unrelated to transformational entrepreneurship. These findings enrich our understanding of transformational entrepreneurship and its value related to the direct and indirect effects on variables such as readiness for change, psychological capital and employee performance.Michael GunawanRetno WijayantiFebri Nila ChrisantyBudi W. SoetjiptoAni Wahyu RachmawatiSanti RahmawatiF1000 Research LtdarticleMedicineRScienceQENF1000Research, Vol 10 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Medicine R Science Q
spellingShingle	Medicine R Science Q Michael Gunawan Retno Wijayanti Febri Nila Chrisanty Budi W. Soetjipto Ani Wahyu Rachmawati Santi Rahmawati Transformational entrepreneurship and its effect on readiness for change, psychological capital, and employee performance: evidence from an Indonesian bank [version 1; peer review: 2 approved, 1 approved with reservations]
description	Continuing failures of financial capitalism across borders have led corporation to develop a more balanced economic growth model of transformational entrepreneurship that emphasises both short-term economic and longer-term social impacts. The model encourages entrepreneurial activities that bring major changes in the related markets and industries, as well as changes in society and culture. At the corporate level, transformational entrepreneurship prepares employees for any potential changes induced by a dynamic environment; it also improves the psychological capital of individual employees, and effective transformational entrepreneurship can eventually accelerate performance. The purpose of this study is to investigate (1) the direct and indirect effects of transformational entrepreneurship on readiness for change, psychological capital and employee performance, and (2) how the effects to readiness for change and psychological capital influence employee performance. The study data were collected using questionnaires completed by employees in 257 branches of a state-owned bank with locations throughout Indonesia. The data were analysed using the structural equation model. The results show that transformational entrepreneurship significantly and positively influences readiness for change, psychological capital, and employee performance and that readiness for change and psychological capital significantly and positively influences employee performance. Additionally, the effect of transformational entrepreneurship on employee performance is more significant if it is related to psychological capital than to readiness for change or to aspects of employee performance unrelated to transformational entrepreneurship. These findings enrich our understanding of transformational entrepreneurship and its value related to the direct and indirect effects on variables such as readiness for change, psychological capital and employee performance.
format	article
author	Michael Gunawan Retno Wijayanti Febri Nila Chrisanty Budi W. Soetjipto Ani Wahyu Rachmawati Santi Rahmawati
author_facet	Michael Gunawan Retno Wijayanti Febri Nila Chrisanty Budi W. Soetjipto Ani Wahyu Rachmawati Santi Rahmawati
author_sort	Michael Gunawan
title	Transformational entrepreneurship and its effect on readiness for change, psychological capital, and employee performance: evidence from an Indonesian bank [version 1; peer review: 2 approved, 1 approved with reservations]
title_short	Transformational entrepreneurship and its effect on readiness for change, psychological capital, and employee performance: evidence from an Indonesian bank [version 1; peer review: 2 approved, 1 approved with reservations]
title_full	Transformational entrepreneurship and its effect on readiness for change, psychological capital, and employee performance: evidence from an Indonesian bank [version 1; peer review: 2 approved, 1 approved with reservations]
title_fullStr	Transformational entrepreneurship and its effect on readiness for change, psychological capital, and employee performance: evidence from an Indonesian bank [version 1; peer review: 2 approved, 1 approved with reservations]
title_full_unstemmed	Transformational entrepreneurship and its effect on readiness for change, psychological capital, and employee performance: evidence from an Indonesian bank [version 1; peer review: 2 approved, 1 approved with reservations]
title_sort	transformational entrepreneurship and its effect on readiness for change, psychological capital, and employee performance: evidence from an indonesian bank [version 1; peer review: 2 approved, 1 approved with reservations]
publisher	F1000 Research Ltd
publishDate	2021
url	https://doaj.org/article/745f00104fb8471db5a528a24fe8827d
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Transformational entrepreneurship and its effect on readiness for change, psychological capital, and employee performance: evidence from an Indonesian bank [version 1; peer review: 2 approved, 1 approved with reservations]

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