Debt Financing Behavior of SME's Entrepreneurs

摘要

This study aims to know the role of mediation of entrepreneurial achievement motivation on the influence of entrepreneur's self efficacy and social environment on SMEs debt financing decisions. The study on 180 SME entrepreneur's handicraft sector in the Bali Province which was determined by purposive sampling technique. Data were collected by questionnaire, then analyzed by SEM-PLS. The results of study showed that 1) entrepreneur's self efficacy and achievement motivation had been a positive and significan effect on SMEs debt financing decisions 2) entrepreneur's self efficacy had a positive and significan effect on the entrepreneur's achievement motivation 3) the social environment had not been effect on the entrepreneur's achievement motivation and 4) achievement motivation of entreprenurs partially influence mediation of entrepreneur's self efficacy and social environment on SMEs debt financing decisions.