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Article
Publication date: 7 February 2020

Sanna Joensuu-Salo, Anmari Viljamaa and Elina Varamäki

This study aims to contribute to entrepreneurial intention research by examining the theory of planned behavior model in a longitudinal follow-up of the same individuals from a…

Abstract

Purpose

This study aims to contribute to entrepreneurial intention research by examining the theory of planned behavior model in a longitudinal follow-up of the same individuals from a point at which they were studying until six to eight years after graduation and the link between entrepreneurial intention and actual behavior. The objectives of the paper are as follows: to examine the development and temporal stability of entrepreneurial intention and to examine the link between entrepreneurial intention and actual start-up behavior in a longitudinal setting.

Design/methodology/approach

The data for this research originate in Finland and consist three data collection waves between years 2008 and 2018. In the second wave, 282 respondents were reached, and in the third wave, 89 respondents were reached. For examining the stability of entrepreneurial intention, latent growth curve modeling was used. In addition, a logistic regression analysis was conducted to examine the link between intention and behavior.

Findings

The results suggest that entrepreneurial intention is a stable construct over time. High and low levels of entrepreneurial intention remain quite stable. Entrepreneurial intention measured during study time significantly explains entrepreneurial behavior both after one to three years (Exp (B) 2,069***) and after six to eight years (Exp (B) 1,830*). Gender and role models are significant factors in predicting entrepreneurial behavior.

Originality/value

This study provides new information on the stability of entrepreneurial intention in a rare longitudinal setting. The study verifies the value of intention measures in predicting entrepreneurial behavior in the long term.

Details

Education + Training, vol. 62 no. 3
Type: Research Article
ISSN: 0040-0912

Keywords

Article
Publication date: 4 January 2022

Sanna Joensuu-Salo, Anmari Viljamaa and Elina Varamäki

The European Commission has published a general framework of entrepreneurship competence (EC), EntreComp, to create a shared definition and support its development. This study…

Abstract

Purpose

The European Commission has published a general framework of entrepreneurship competence (EC), EntreComp, to create a shared definition and support its development. This study proposes and tests a scale to measure EC based on the EntreComp framework and examines its relation to start-up behaviour using data from seven European countries.

Design/methodology/approach

The data were gathered from seven European countries and consist of 1,128 answers from both secondary and higher education level students. The authors use explorative factor analysis (EFA), analysis of variance and logistic regression analysis as data analysis methods.

Findings

The results show that EC is related to start-up behaviour and sensitive to role models and prior experience of entrepreneurship but is not sensitive to gender or level of education. The results also show that although the framework proposes three distinct areas, EC is unidimensional.

Originality/value

The study tests the EntreComp framework and introduces a scale for measuring EC based on the framework. The results show that EC can be addressed as unidimensional construct and that it explains start-up behaviour and develops through enterprising activities. The study also shows the impact of role models on EC. No difference in EC between genders is observed, suggesting the gender differences in entrepreneurship arise from factors other than competence.

Details

Journal of Small Business and Enterprise Development, vol. 29 no. 6
Type: Research Article
ISSN: 1462-6004

Keywords

Open Access
Article
Publication date: 15 February 2024

Anmari Viljamaa, Sanna Joensuu-Salo and Elina Varamäki

The purpose is to examine the relationship between entrepreneurs’ exit strategies and modes of entry. The topic of exit strategies in the context of approaching retirement…

Abstract

Purpose

The purpose is to examine the relationship between entrepreneurs’ exit strategies and modes of entry. The topic of exit strategies in the context of approaching retirement warrants further attention.

Design/methodology/approach

We apply logistic regression to analyse 1,192 responses to an online survey of firms with entrepreneurs aged over 55.

Findings

Family successors are more likely to choose family succession and buyers to choose to sell, but the association between founding and exit mode cannot be confirmed. Firm size is also significant. Our findings suggest that entry and exit via a business transfer are linked. Entrepreneurs might be influenced by their form of entry when choosing their exit strategy.

Research limitations/implications

The data were collected from a single European country, limiting generalisation. Future research should incorporate intervening variables not controlled for here, such as, entrepreneurial experience. Future studies should also seek to test the existence of imprinting directly, as it is implied rather than verified here.

Practical implications

If the entry mode has a lasting effect on the entrepreneur as our results suggest, thus influencing the exit strategy selected, entrepreneurs could benefit from greater awareness of the imprinting mechanism. Increasing awareness of imprinted biases could unlock the benefits of exit strategies previously overlooked.

Originality/value

The study is the first to consider sale, family succession and liquidation as exit strategies in relation to the original entry mode of ageing owners. It contributes to the understanding of exit strategies of ageing entrepreneurs and proposes using entrepreneurial learning and imprinting as lenses to clarify the phenomenon.

Details

Journal of Small Business and Enterprise Development, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1462-6004

Keywords

Article
Publication date: 18 November 2013

Sanna Joensuu, Anmari Viljamaa, Elina Varamäki and Erno Tornikoski

The objectives of this study are threefold: first, to analyze the development of intentions of individuals over time; second, to explore potential gender differences in intention…

2552

Abstract

Purpose

The objectives of this study are threefold: first, to analyze the development of intentions of individuals over time; second, to explore potential gender differences in intention development; and third, to analyze the relatedness of the initial level and development of the antecedents of intentions to the initial level and the development of intentions.

Design/methodology/approach

Ajzen's Theory of Planned behavior is applied. Longitudinal data were collected in the fall of 2010, 2011 and 2012 in seven different universities of applied sciences, with students representing seven different study fields. In our data, there are 192 individuals with all three measurement waves and 104 individuals with two measurement waves. The analysis of change on multi-wave panel data is done using latent growth curve analysis with structural equation modeling.

Findings

Our empirical results are threefold. First, entrepreneurial intentions of higher education seem to decrease during their studies. Second, there is a gender difference in the initial level of entrepreneurial intentions and how intentions develop over time. Third, the initial level of intentions does not affect the future development of intentions.

Practical implications

In sum, the authors believe that the paper makes an important contribution to the field of entrepreneurial education by concluding that intention development in higher educational context is not a simple matter, but a rather complicated process during which young people can realize their true potential vis-à-vis entrepreneurial opportunities. From an educators’ point of view, such realization generally means a decrease in an individual's entrepreneurial intentions, which is a phenomenon that does not provide much encouragement for educators. On the other hand, one of the aims of any entrepreneurship education is to give younger people a more realistic picture about entrepreneurship. When someone is willing to start a new business in this kind of context, the authors, as educators, can be a degree more confident that such an individual is not launching his/her venture because of idealistic dreams.

Originality/value

By using a longitudinal design, the paper is one of the first to provide empirical evidence about the intention development over time. Ultimately, the paper hopes to have added richness to the ongoing discussion among academics and educators alike regarding the importance of intention development in entrepreneurship education.

Details

Education + Training, vol. 55 no. 8/9
Type: Research Article
ISSN: 0040-0912

Keywords

Article
Publication date: 9 November 2015

Sanna Joensuu-Salo, Elina Varamäki and Anmari Viljamaa

Entrepreneurial intentions have been extensively studied in student populations, with results suggesting that higher education does not promote formation of entrepreneurial…

2026

Abstract

Purpose

Entrepreneurial intentions have been extensively studied in student populations, with results suggesting that higher education does not promote formation of entrepreneurial intentions (e.g. Varamäki et al., 2013). However, the gap between intending to start a business and actually doing something to start one remains. The purpose of this paper is to analyze the antecedents of entrepreneurial intentions with higher education students andto analyze the antecedents of actual behaviors related to start-ups with higher education students. The authors use theory of planned behavior (TPB) for both analyzing the intentions and analyzing the actual behaviors.

Design/methodology/approach

The authors apply Ajzen’s (1991) TPB to entrepreneurial intentions of higher education students and test their relevance as antecedents of actual behaviors. In addition to the basic elements of TPB (attitudes, subjective norm (SN) and perceived behavioral control (PBC)) the authors test the impact of entrepreneurial characteristics (EC) (innovativeness, tolerance of ambiguity, creative problem solving and the ability to organize) of the student for intentions and for actual behaviors related to start-ups. Gender, entrepreneurial role models and basic education (upper secondary school vs vocational) are used as control variables. The data were collected in fall 2012 in seven different universities of applied sciences and consists of 3,754 responses, including 182 from respondents who were starting their own business at the time of the study.

Findings

For entrepreneurial intentions, the model explains 47 percent of the variance. The best antecedent of intentions seems to be attitude followed by PBC. EC and SN are significant but their role in the model is quite small. For actual behavior related to starting up a firm, the results are quite different. Gender explains behavior significantly and so does basic education. The most important independent variable is EC followed by PBC. Attitude toward entrepreneurship is not significant in explaining the actual start-up behavior, nor is SN.

Research limitations/implications

From an empirical standpoint, the sample was limited to higher education students in one country. This limits the scope of generalization. Further studies, comparing antecedents of intentions and behavior in multiple contexts should be undertaken. Another limitation of the study is that the authors have been unable, due to the small number of students engaged in start-up activities, to examine the differences between study years.

Practical implications

The results raise interesting and difficult questions for entrepreneurship educators. Should entrepreneurship education aim at actual behaviors rather than intentions – or neither? What is vocational education doing “right” compared with upper secondary school or, indeed, higher education? Furthermore, if EC are this significant for actual behavior, what should or could be done to promote development of such characteristics in higher education?

Originality/value

The paper contrasts entrepreneurial intentions with actual behaviors related to starting up a firm and tests the utility of the TPB antecedents in this context. As the development of entrepreneurial intention has generally been studied in isolation from actual activities, the paper presents an interesting counterpoint to previous research.

Details

Education + Training, vol. 57 no. 8/9
Type: Research Article
ISSN: 0040-0912

Keywords

Article
Publication date: 17 August 2015

Elina Varamäki, Sanna Joensuu, Erno Tornikoski and Anmari Viljamaa

The purpose of this paper is to increase the understanding of how entrepreneurial potential is developed among young people. Changes in individuals’ entrepreneurial intentions and…

2794

Abstract

Purpose

The purpose of this paper is to increase the understanding of how entrepreneurial potential is developed among young people. Changes in individuals’ entrepreneurial intentions and the antecedents of intentions are investigated, as well as the impact of entrepreneurship education on the changes.

Design/methodology/approach

Ajzen’s Theory of Planned Behavior (TPB) is applied. Longitudinal data from 197 HE students, in their first and third year of studies, is examined using path analysis.

Findings

Overall the entrepreneurial intentions of HE students decreased over time. Intentions decreased particularly for those with high initial level of intentions, whereas the group with increasing intentions rose from low to neutral level of intentions. Changes in attitudes and perceived behavioral control have a significant positive impact. Versatile entrepreneurship courses have direct effect on changes in attitudes. Changes in attitudes have a dual role, as they influence change in both intentions and perceived behavioral control. The developed model explains 19 percent of the variance among women and 28 percent among men, suggesting gender differences in development of intentions.

Research limitations/implications

Only one way of developing entrepreneurial potential in young people (i.e. education) is covered. The empirical sample is limited to one university.

Practical implications

The results suggest versatile methods of entrepreneurship education are more effective in developing intentions than perhaps purely active modes. Gender differences should be considered when designing interventions to foster entrepreneurial potential.

Originality/value

The research confirms with longitudinal individual-level data the applicability of TPB on entrepreneurial intentions and demonstrates the mediated impact of versatile entrepreneurship courses on changes in intentions.

Details

Journal of Small Business and Enterprise Development, vol. 22 no. 3
Type: Research Article
ISSN: 1462-6004

Keywords

Article
Publication date: 1 September 2006

Marko Kohtamäki, Jukka Vesalainen, Elina Varamäki and Tero Vuorinen

The purpose of this paper is to understand the effects of the customer company governance into supplier actors' experiences.

1674

Abstract

Purpose

The purpose of this paper is to understand the effects of the customer company governance into supplier actors' experiences.

Design/methodology/approach

Comparative case study of four strategic networks and 16 partnerships. Research approach is twofold: in the first phase of analysis, the governance concerning each partnership is analyzed. In the second phase, the supplier actors' experiences are analyzed in the context of the customer governance. Data of this research consist of 13 customer and 16 supplier interviews.

Findings

First, the analysis showed that the strong use of authority in the situation of a dependent supplier and a committed actor leads to a negative experience of unreasonableness. Second, in the same situation, high social governance, with other mechanisms used only weakly, leads to a highly positive experience of reasonableness. Third, in intermediately governed partnerships, the supplier actors are basically satisfied with the partnership, but discuss and to some degree question the nature of the relationship as a partnership.

Research limitations/implications

On the basis of this research it is suggested that a deeper and longitudinal study of the effects of supplier actors' experiences should be conducted.

Practical implications

Customers should develop a conscious network strategy, as it is suggested that governance effects on the experiences could further affect suppliers' commitment, loyalty and learning.

Originality/value

A new research setting within the new institutional theory, which adds value by discussing the relationship between the customer governance and supplier actors' experience.

Details

Management Decision, vol. 44 no. 8
Type: Research Article
ISSN: 0025-1747

Keywords

Content available
Article
Publication date: 16 May 2008

1032

Abstract

Details

Baltic Journal of Management, vol. 3 no. 2
Type: Research Article
ISSN: 1746-5265

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