Scientists’ transition to academic entrepreneurship: Economic and psychological determinants
Rainer K. Silbereisen and
Uwe Cantner ()
Authors registered in the RePEc Author Service: Maximilian Göthner ()
Journal of Economic Psychology, 2012, vol. 33, issue 3, 628-641
This study investigated academic scientists’ transition to entrepreneurship by studying their academic entrepreneurial intentions (to found a business in order to market their research knowledge) and actual founding behavior. We developed and tested a conceptual model integrating both economic and psychological perspectives. Applying the theory of planned behavior, we examined the economic factors (scientists’ human capital, social capital, expected entrepreneurial benefits) as distal predictors (background factors) of academic entrepreneurial intentions. The psychological factors (entrepreneurial attitudes, norms, control perceptions) were examined as proximal intention predictors. Findings were derived from a path analysis utilizing archival and survey data on German scientists (N=496). We found that attitudes and perceived control predicted entrepreneurial intentions. Social norms in turn had no effect. As regards the economic factors, human and social capital exhibited indirect effects on intentions via entrepreneurial attitudes and control perceptions, while additional direct effects of both capitals showed up significantly as well. Expected benefits from engaging in academic entrepreneurship (i.e., expected financial and reputational gain) only showed indirect effects on intentions via attitudes and perceived control. In addition, longitudinal results indicated that entrepreneurial intentions indeed forecasted entrepreneurial behavior, while certain barriers have a diminishing influence on this relationship. Our results are discussed with an emphasis on the long-neglected importance of the interplay of economic and psychological determinants for scientists’ transition to academic entrepreneurship.
Keywords: Academic entrepreneurship; Entrepreneurial intentions; Human capital; Social capital; Occupational choice; Theory of planned behavior (search for similar items in EconPapers)
JEL-codes: L26 I23 I28 O33 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (55) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:joepsy:v:33:y:2012:i:3:p:628-641
Access Statistics for this article
Journal of Economic Psychology is currently edited by G. Antonides and D. Read
More articles in Journal of Economic Psychology from Elsevier
Bibliographic data for series maintained by Nithya Sathishkumar ().