Age in the entrepreneurial process: The role of future time perspective and prior entrepreneurial experience
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Age in the entrepreneurial process: The role of future time perspective and prior entrepreneurial experience. / Gielnik, Michael Marcus; Zacher, Hannes; Wang, Mo.
In: Journal of Applied Psychology, Vol. 103, No. 10, 10.2018, p. 1067-1085.Research output: Journal contributions › Journal articles › Research › peer-review
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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
PY - 2018/10
Y1 - 2018/10
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 - Business psychology
KW - Entrepreneurship
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 -