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Emergence of entrepreneurial behaviour: The role of age-based self-image

Teemu Kautonen, Isabella Hatak, Ewald Kibler and Thomas Wainwright

Journal of Economic Psychology, 2015, vol. 50, issue C, 41-51

Abstract: This study introduces an individual’s perception of their entrepreneurial potential in terms of their age (age-based self-image) to complement chronological age as a predictor of entrepreneurial behaviour. The principal hypothesis is that a positive age-based self-image enhances the likelihood of individuals turning their intention to start a business into actual behaviour. The empirical analysis based on data collected on the general adult population of Finland in 2011 and 2012 (n=672) supports this hypothesis. The analysis further shows that this positive effect is independent of the individual’s chronological age, and it is thus applicable to both age groups that are under-represented in entrepreneurship: ‘youngsters’ and ‘seniors’. Promoting the development of a positive age-based self-image is a prospective policy option for fostering entrepreneurship among younger and older age groups. More in-depth research, especially concerning the antecedents of positive age-based self-image, is required for the effectiveness of such policy interventions.

Keywords: Age; Self-image; Entrepreneurship; Inclusiveness; Entrepreneurial intentions; Occupational choice (search for similar items in EconPapers)
JEL-codes: J13 J14 L26 M13 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:joepsy:v:50:y:2015:i:c:p:41-51

DOI: 10.1016/j.joep.2015.07.004

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