EXAMINING THE RELATIONSHIP BETWEEN SENIOR AND TECHNOLOGY ENTREPRENEURSHIP: EVIDENCE FROM SLOVENIA AND CROATIA
EXAMINING THE RELATIONSHIP BETWEEN SENIOR AND TECHNOLOGY ENTREPRENEURSHIP: EVIDENCE FROM SLOVENIA AND CROATIA

Author(s): Bojan Morić Milovanović, Tin Horvatinović, Mihaela Mikić
Subject(s): Business Economy / Management, Demography and human biology, Gerontology, ICT Information and Communications Technologies
Published by: Sveučilište Josipa Jurja Strossmayera u Osijeku, Ekonomski fakultet u Osijeku
Keywords: senior entrepreneurship; technology entrepreneurship; Global Entrepreneurship Monitor;
Summary/Abstract: As the global population is aging and there are no signs of a trend reversal, research on senior entrepreneurship is emerging and becoming more eminent in scientific literature. On the practical side, policymakers are attempting to better utilize the under-represented senior entrepreneurs for economic growth and development. One promising way to achieve this goal is to better understand why some senior entrepreneurs establish and manage high-technology firms. On such a basis, several studies have been published that represent the first steps toward understanding such a complex matter. This chapter is part of the research stream that explores the relationship between senior and technology entrepreneurship. It does so by looking at the specific entrepreneurial context present in Slovenia and Croatia. Using the Global Entrepreneurship Monitor survey data, ordered logistic regression analysis shows that senior entrepreneurship is not a significant antecedent of technology entrepreneurs. In addition, among the significant predictors, managerial skills and fear of failure have discrepant effects on technology entrepreneurship. Despite the inherent limitations of the dataset, the general conclusion about the importance of context in the development of senior entrepreneurship and technology entrepreneurship is valid. Subsequent research can test the hypotheses presented in this chapter in other contexts and develop theories about why the observed effects differ from a macro and micro perspective.

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