Quantitative analysis explores how risk-taking influences the link between entrepreneurial passion and intention among startup founders, indicating context matters.
Startups in Indonesia experience a high failure rate, partly due to insufficient risk-taking capacity, especially during the early founding stage. This study aims to examine the moderating role of risk-taking in the relationship between entrepreneurial passion (EPI, EPF, and EPD) and entrepreneurial intention. A quantitative approach was applied using PLS-SEM analysis on a sample of 223 startup founders in Indonesia. Only the relationship between EPF and EI is significantly moderated by RT, while EPI and EPD have no significant interaction with RT in predicting EI. Risk taking strengthens or weakens the effect of EPF on EI, but has no moderating role in the EPI–EI and EPD–EI relationships. This implies that risk propensity is more relevant during the founding phase. Risk-taking serves as a significant moderator only in the relationship between EPF and EI. The influence of entrepreneurial passion on entrepreneurial intention is contextual, depending on the specific phase of the entrepreneurial process.
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Najiah et al. (2025) studied this question.
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