J. International Business and Entrepreneurship Development, Vol. 10, No. 3, 2017 209
Copyright © 2017 Inderscience Enterprises Ltd.
Young adults and sustainable entrepreneurship:
the role of culture and demographic factors
Anna Vuorio
School of Business and Management,
Lappeenranta University of Technology,
P.O. Box 20, Skinnarilankatu 34,
53851 Lappeenranta, Finland
Email: anna.vuorio@lut.fi
Abstract: Entrepreneurial activity has been proposed to play a significant role
in societies, although recently its role has been extended to include societal and
environmental issues. As a response, new forms of entrepreneurship, such as
social, environmental and sustainable entrepreneurship, have emerged.
Simultaneously, young adults are said to be more prone towards
entrepreneurship than previous generations and that they also possess
more environmentally and socially conscious values. Analysing data from
29 countries, the results show that young adults are more likely to have a
sustainable entrepreneurial goal than older adults, although this differs
depending on the type of value emphasised. Moreover, education has an
important role in enhancing the likelihood of an individual having a sustainable
entrepreneurial goal rather than commercial one. These results imply that the
generation subculture theory provides an explanation for sustainable
entrepreneurship.
Keywords: sustainable entrepreneurship; generation subculture theory;
demographics; postmaterialism.
Reference to this paper should be made as follows: Vuorio, A. (2017) ‘Young
adults and sustainable entrepreneurship: the role of culture and demographic
factors’, J. International Business and Entrepreneurship Development, Vol. 10,
No. 3, pp.209–230.
Biographical notes: Anna Vuorio (nee Kunttu) holds a MSc in Economics and
Business Administration. She is a doctoral student at the School of Business
and Management, Lappeenranta University of Technology (LUT), Finland. Her
research interests include sustainable entrepreneurship, entrepreneurial
opportunities and entrepreneurial cognition.
This paper is a revised and expanded version of a paper entitled ‘Social and
sustainable entrepreneurship activity among young adults – a global
perspective’ presented at ACERE 2015 Conference, Adelaide, Australia, 3–6
February 2015.