Dynamics of Late-Career Entrepreneurial Intentions in Pakistan – Individual and Synergistic Application of Various Capital Resources and Fear of Failure
Abstract
Although prior research on late-career entrepreneurship has explored the effects of financial, human, and social capital on the intentions to engage in entrepreneurial activity within the domains of a developed economy, little research has investigated this scholarship in the context of a push perspective within a developing economy. This study endeavors to meet this gap by investigating the effects of financial, social, and human capital and the personal dispositional traits on the entrepreneurial intentions among early retirees in the ICT sector of Pakistan. Based on the collected data from the web-based questionnaire and personally administered surveys and interviews from 345 respondents who face a survival challenge in the aftermath of a job loss, we make use of hierarchical logistic regression to periodically explore the independent and combined effects of the financial, social and human capital and the impact of a stable dispositional trait of fear of failure on the entrepreneurial intention. Being one of the foremost studies to address the late-career entrepreneurship phenomenon in a developing economy, this study has to offer notable contributions to entrepreneurship literature. Consistent with prior research, we observe support for the individual influence of various elements of financial, social, and human capital and the fear of failure on the intentions to engage in an entrepreneurial career. Results also demonstrate considerable evidence for the interaction effects among financial, human, and social capital as well as among different measures of financial capital, human capital, and the fear of failure. Discussion about the results is furnished followed by limitations and future research implications.
Funding source: National Nature Science Foundation of China
Award Identifier / Grant number: 71872027
Award Identifier / Grant number: 71572028
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Research funding: This work was supported by National Nature Science Foundation of China, Award Numbers 71872027, 71572028.
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Articles in the same Issue
- Frontmatter
- Competitive Research Articles
- Should Fast-Food Franchisees Pursue Entrepreneurial Orientation?
- Entrepreneurial Decision-Making Under Risk
- Entrepreneurial Attitude and Intention in Higher Education Students: What Factors Matter?
- Patterns of Forming Entrepreneurial Intention: Evidence in Vietnam
- Formal Institutions and Informal Entrepreneurial Activity: Panel Data Evidence from Latin American Countries
- Entrepreneurial Motivation in University Business Students: A Latent Profile Analysis based on Self-determination Theory
- Effectuation (EF) and Causation (CS) on Venture Performance and Entrepreneurs’ Dispositions Affecting the Reliance on EF and CS
- Effects of Psychological and Cognitive Factors on the Relation between Entrepreneurial Intention and Academic Hazing: Case of the New Students in the Faculty of Social and Human Sciences at the University of Beira – Portugal
- Dynamics of Late-Career Entrepreneurial Intentions in Pakistan – Individual and Synergistic Application of Various Capital Resources and Fear of Failure
- Local Institutional Profile and the Antecedents of Entrepreneurial Intention
Articles in the same Issue
- Frontmatter
- Competitive Research Articles
- Should Fast-Food Franchisees Pursue Entrepreneurial Orientation?
- Entrepreneurial Decision-Making Under Risk
- Entrepreneurial Attitude and Intention in Higher Education Students: What Factors Matter?
- Patterns of Forming Entrepreneurial Intention: Evidence in Vietnam
- Formal Institutions and Informal Entrepreneurial Activity: Panel Data Evidence from Latin American Countries
- Entrepreneurial Motivation in University Business Students: A Latent Profile Analysis based on Self-determination Theory
- Effectuation (EF) and Causation (CS) on Venture Performance and Entrepreneurs’ Dispositions Affecting the Reliance on EF and CS
- Effects of Psychological and Cognitive Factors on the Relation between Entrepreneurial Intention and Academic Hazing: Case of the New Students in the Faculty of Social and Human Sciences at the University of Beira – Portugal
- Dynamics of Late-Career Entrepreneurial Intentions in Pakistan – Individual and Synergistic Application of Various Capital Resources and Fear of Failure
- Local Institutional Profile and the Antecedents of Entrepreneurial Intention