Corporate & Business Strategy Review / Volume 2, Issue 1, 2021
18
AGE AND PRIOR WORKING
EXPERIENCE EFFECT ON
ENTREPRENEURIAL INTENTION
Alexandros G. Sahinidis
*
, Panagiota I. Xanthopoulou
**
,
Panagiotis A. Tsaknis
**
, Evangelos E. Vassiliou
***
* Corresponding author, University of West Attica, Greece
Contact details: University of West Attica, 250 Petrou Ralli and Thivon, Egaleo 12243, Athens, Greece
** University of West Attica, Greece
*** University of the Aegean, Greece
Abstract
How to cite this paper: Sahinidis, A. G.,
Xanthopoulou, P. I., Tsaknis, P. A., &
Vassiliou, E. E. (2021). Age and prior working
experience effect on entrepreneurial
intention. Corporate & Business Strategy
Review, 2(1), 18-26.
https://doi.org/10.22495/cbsrv2i1art2
Copyright © 2021 The Authors
This work is licensed under a Creative
Commons Attribution 4.0 International
License (CC BY 4.0).
https://creativecommons.org/licenses/by/4
.0/
Received: 09.01.2021
Accepted: 22.03.2021
JEL Classification: L26, M13
DOI: 10.22495/cbsrv2i1art2
The purpose of this paper is to identify the factors that
determine entrepreneurial intention and examine the effects
of age and prior working experience on the formation of
entrepreneurial intention. A questionnaire-based survey was
employed for the data collection. A total of 171 university
students from a Business School in Greece participated in
the survey. The findings of our research showed that perceived
behavioral control and attitude are significantly influencing
entrepreneurial intention. Additionally, our analysis indicates
that age and prior working experience affect entrepreneurial
intention. The contribution of this study concerns
the illumination of the scarcely addressed in the literature
relationship between age and work experience with
entrepreneurial intention.
Keywords: Entrepreneurship, Entrepreneurial Intention, Age,
Work Experience, Theory of Planned Behavior
Authors’ individual contributions: Conceptualization — A.G.S.;
Methodology — P.A.T.; Writing — P.I.X.; Visualization — E.E.V.
Declaration of conflicting interests: The Authors declare that there is
no conflict of interest.
1. INTRODUCTION
The study of the factors that determine
an individual’s intention to be self-employed has
been the subject of research since the early 1990s
(Carr & Sequeira, 2007; Kolvereid, 1996; Krueger &
Carsrud, 1993). It is argued that in order to predict
entrepreneurial behavior, we must first understand
how entrepreneurial intention (EI) is formed, as this
is considered the first step in the process of starting
a business. Interestingly, the majority of previous
research on business formation intention focuses
on predicting behavior based on individual traits,
although most entrepreneurs are neither students
nor young graduates (Kautonen, Luoto, & Tornikoski,
2010). Despite previous research, little information
is available on drivers of entrepreneurial behavior
at different ages and with previous work experience,
while some studies present contradictory results
(Miralles, Giones, & Riverola, 2016; Neneh, 2014).
Therefore, there is a gap in the literature that
requires further investigation on how individual
characteristics such as age and previous work
experience affect the formation of EI.
In the following sections, we discuss
the literature on entrepreneurial intention (EI),
the theory of planned behavior (TPB), the age
and work experience effect on EI in Section 2;
the methodology used in this study in Section 3. This
is followed by the results presenting the statistical
analyses used in this study in Section 4. Finally,
the discussion of the findings is presented in
Section 5 and the conclusion is drawn in Section 6.