The impact of entrepreneurship and creativity on the economic growth of the knowledge-based companies

Economic Annals-XXI: Volume 213, Issue (1-2), Pages: 106-111

Citation information
Canon, S., Kaswoto, J., Rizani, N. Ch., Utomo, H., Setiawan, I., & Al-Attabi, K. (2025). The impact of entrepreneurship and creativity on the economic growth of the knowledge-based companies. Economic Annals-XXI, 213(1-2), 106-111. doi: https://doi.org/10.21003/ea.V213-13

Syarwani Canon
PhD (Economics),
Faculty of Economics and Business,
Universitas Negeri Gorontalo
Jl. Jend. Sudirman No.6, Gorontalo, 96128, Indonesia
syarwanicanon@ung.ac.id
ORCID ID: https://orcid.org/0009-0001-1682-2282

Junet Kaswoto
PhD (Economics),
Faculty of Economics and Business,
Universitas Muhammadiyah Tangerang
Jl. Perintis Kemerdekaan I No.33, RT.007/RW.003, Cikokol, Kota Tangerang, Banten, 15118, Indonesia
junetkaswoto@umt.ac.id
ORCID ID: https://orcid.org/0009-0009-8483-6393

Nataya Charoonsri Rizani
M.Eng (Industrial Engineering),
Industrial Engineering Study Program
National Institute of Science and Technology
Moch. Kahfi II No.30 Street, South Jakarta, 12630, Indonesia
natayarizani@istn.ac.id
ORCID ID: https://orcid.org/0009-0007-6519-9056

Handayani Utomo
PhD (Economics),
Faculty of Economics,
Universitas Gunadarma
Jl. Margonda Raya 100, Depok, 16424, Indonesia
handayani_nday@staff.gunadarma.ac.id
ORCID ID: https://orcid.org/0009-0007-4576-0205

Iwan Setiawan
MA (Economics),
Faculty of Economic,
Universitas Galuh
Jl. R. E. Martadinata No.150, Mekarjaya, Jawa Barat, 46274, Indonesia
iwansetiawan@unigal.ac.id
ORCID ID: https://orcid.org/0000-0003-2027-2807

Kassem Al-Attabi
PhD (Network information),
Department of Computers Techniques Engineering,
College of Technical Engineering,
The Islamic University
2975+9RM, Al-Mahafath Str., Najaf, 54001, Iraq;
Department of Computers Techniques Engineering,
College of Technical Engineering,
The Islamic University of Al Diwaniyah;
Department of Computers Techniques Engineering,
College of Technical Engineering,
The Islamic University of Babylon
kassem.alattabi@iunajaf.edu.iq
ORCID ID: https://orcid.org/0000-0002-9757-1146

The impact of entrepreneurship and creativity on the economic growth of the knowledge-based companies

Abstract. This study aimed to examine the impact of entrepreneurship and creativity on the economic growth of knowledge-based companies in Indonesia. The present study utilized a mixed (quantitative and qualitative) approach wherein quantitative data were collected from 147 companies via a questionnaire and analyzed through correlation and regression analyses. In the qualitative period, 25 entrepreneurs and managers were semi-structured interviewed to maximize our comprehension of influence mechanisms. The research results on clear grounds showed that the entrepreneurship variable and creativity variables have a strong and positive relationship with the economic growth indicators of the companies. Regression outcomes showed that the two factors together can potentially explain more than 50% of growth variance. Additionally, the qualitative results verified that supportive working environment and creative leadership have an important mediating function in the conversion of individual creativity to economic results. In short, it can be stated that strengthening at the same time the entrepreneurship and creativity culture within Indonesian knowledge-based firms is vital for pursuing faster economic growth and sustainable development in Indonesia.

Keywords: Entrepreneurship; Creativity; Economic Growth; Knowledge-Based Companies

JEL Classifications: Е24; Е41; Е64; I18; J28; J31

Acknowledgements and Funding: The authors received no direct funding for this research.

Contribution: The authors contributed equally to this work.

Data Availability Statement: The dataset is available from the authors upon request.

DOI: https://doi.org/10.21003/ea.V213-13

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Received 26.10.2024
Received in revised form 17.11.2024
Accepted 20.11.2024
Available online 26.02.2025