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Enterprise as sunset career? Entrepreneurial intentions in the ageing population

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  • Erno T. Tornikoski
  • Teemu Kautonen

Abstract

The contribution of our study is twofold. Firstly, it responds to the great need for the application of the Theory of Planned Behaviour (TPB) to examine entrepreneurial intentions in other demographic segments than students. Secondly, we address the topical policy issue of explaining the entrepreneurial intentions of the ageing population (individuals aged 50 or over). We found support for the TPB model in our sample of 531 older individuals in Finland. The most important predictor of entrepreneurial intentions was Perceived Behavioural Control, which is in keeping with earlier studies of students' entrepreneurial intentions. As such, the entrepreneurial intentions of older individuals are mostly influenced by their perception as to how easy or difficult they think starting up a business would be – an issue that policy planners are well advised to keep in mind.

Suggested Citation

  • Erno T. Tornikoski & Teemu Kautonen, 2009. "Enterprise as sunset career? Entrepreneurial intentions in the ageing population," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 8(2), pages 278-291.
    • Handle: RePEc:ids:ijesbu:v:8:y:2009:i:2:p:278-291
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    Cited by:

    1. Zlatković Matea, 2018. "An Econometric Analysis of the Effects of Human Resources and other Factors on Firm Creation," Economic Themes, Sciendo, vol. 56(4), pages 453-473, December.
    2. Backman, Mikaela & Karlsson, Charlie, 2013. "Who says life is over after 55? Entrepreneurship and an aging population," Working Paper Series in Economics and Institutions of Innovation 325, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    3. Tommaso Minola & Giuseppe Criaco & Martin Obschonka, 2016. "Age, culture, and self-employment motivation," Small Business Economics, Springer, vol. 46(2), pages 187-213, February.
    4. Mikaela Backman, 2013. "Who says life is over after 55? - New firm formation and an ageing population," ERSA conference papers ersa13p58, European Regional Science Association.
    5. Ratan J. S. Dheer & Tomasz Lenartowicz, 2018. "Multiculturalism and Entrepreneurial Intentions: Understanding the Mediating Role of Cognitions," Entrepreneurship Theory and Practice, , vol. 42(3), pages 426-466, May.

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