TY - JOUR

T1 - Age in the entrepreneurial process: The role of future time perspective and prior entrepreneurial experience

AU - Gielnik, Michael Marcus

AU - Zacher, Hannes

AU - Wang, Mo

N1 - Publisher Copyright: © 2018 American Psychological Association.

PY - 2018/10/1

Y1 - 2018/10/1

N2 - Combining the life span developmental perspective with the process perspective of entrepreneurship, we develop hypotheses on the role of age in the entrepreneurial process. Specifically, we expect that younger people have a more extensive future time perspective than older people, which makes it more likely for younger (vs. older) people to transition from opportunity identification to forming entrepreneurial intentions. Further, we expect that older people have greater prior entrepreneurial experience than younger people, which makes it more likely for older (vs. younger) people to transition from forming entrepreneurial intentions to engaging in entrepreneurial activity. We tested our hypotheses using longitudinal data from 343 working adults from Australia across 12 months with 3 measurement waves. Results supported our hypotheses. Our findings suggest that age-related constructs can facilitate and hinder transitions in the entrepreneurial process.

AB - Combining the life span developmental perspective with the process perspective of entrepreneurship, we develop hypotheses on the role of age in the entrepreneurial process. Specifically, we expect that younger people have a more extensive future time perspective than older people, which makes it more likely for younger (vs. older) people to transition from opportunity identification to forming entrepreneurial intentions. Further, we expect that older people have greater prior entrepreneurial experience than younger people, which makes it more likely for older (vs. younger) people to transition from forming entrepreneurial intentions to engaging in entrepreneurial activity. We tested our hypotheses using longitudinal data from 343 working adults from Australia across 12 months with 3 measurement waves. Results supported our hypotheses. Our findings suggest that age-related constructs can facilitate and hinder transitions in the entrepreneurial process.

KW - Age

KW - Entrepreneurship

KW - Experience

KW - Future time perspective

KW - Life span

KW - Psychology

KW - Business psychology

UR - http://www.scopus.com/inward/record.url?scp=85049142724&partnerID=8YFLogxK

UR - https://www.mendeley.com/catalogue/9bd3ab10-3bb4-3a58-a252-b55e551ecc16/

U2 - 10.1037/apl0000322

DO - 10.1037/apl0000322

M3 - Journal articles

C2 - 29952578

VL - 103

SP - 1067

EP - 1085

JO - Journal of Applied Psychology

JF - Journal of Applied Psychology

SN - 0021-9010

IS - 10

ER -