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Financial Attitude Towards Entrepreneur Intention Among Youth in Agriculture Sector

In: New Perspectives and Paradigms in Applied Economics and Business

Author

Listed:
  • Intan Maizura Abdul Rashid

    (Universiti Teknologi MARA Cawangan Melaka)

  • Syahril Iman Faisal

    (Universiti Teknologi MARA Cawangan Melaka)

  • Noraznira Abd Razak

    (Universiti Teknologi MARA Cawangan Melaka)

  • Mohd Rasdi Zaini

    (Universiti Teknologi MARA Melaka)

  • Irza Hanie Abu Samah

    (Universiti Teknologi Malaysia)

  • Noorazeela Zainol Abidin

    (Universiti Malaysia Perlis, Jalan Kangar-Alor Setar)

Abstract

Only 15% of the 13.9 million young people in Malaysia are employed in the agriculture sector. Because it may foster innovation, job creation, the development of human potential and the fulfilment of new client expectations, technology adoption is seen as one of the most crucial drivers to economic advancement. The findings of this study demonstrated that teenagers who become international entrepreneurs and financial literacy (attitude) are positively impacted by technology adoption (t-test = 3.769). This study also concentrated on the agricultural industry, which has the ability to alleviate the problem of youth unemployment. It seems that young people do not support this sector, despite the fact that it has the capacity to address these problems, which, according to a number of local research, is because they have negative opinions of the risk, vulnerabilities, prices and labour-intensive nature of the industry. The community, whether formally or informally involved, can improve young people's perceptions of the agriculture business by using this discovery, independent of the financial position or generally. Additionally, this research may help in refining some of the policies previously developed, such as the 11th Malaysian Plan: 2016–2020 and the National Key Economic Areas (NKEA), which have the ability to spur economic growth by boosting employment and farmer income.

Suggested Citation

  • Intan Maizura Abdul Rashid & Syahril Iman Faisal & Noraznira Abd Razak & Mohd Rasdi Zaini & Irza Hanie Abu Samah & Noorazeela Zainol Abidin, 2024. "Financial Attitude Towards Entrepreneur Intention Among Youth in Agriculture Sector," Springer Proceedings in Business and Economics, in: William C. Gartner (ed.), New Perspectives and Paradigms in Applied Economics and Business, pages 287-298, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-49951-7_20
    DOI: 10.1007/978-3-031-49951-7_20
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