Senior entrepreneurship in Chile: necessity or opportunity? A GEM perspective.
Resumen: Purpose – The purpose of this paper is to study the case of Chile and identify the internal factors that lead to
senior (þ55 years old) entrepreneurship, either by necessity or opportunity, compared to that in other age groups.
Design/methodology/approach – The analysis is based on the adult population survey of the global
entrepreneurship monitor between 2012 and 2016 and uses a logistic regression model that applies different
variables to total early-stage entrepreneurial activity by necessity and opportunity.
Findings – Education, human and social capital development, gender and prior experience as an
entrepreneur are internal factors that affect entrepreneurial activity with different weights and directions for
people over 55 years old in Chile, either by necessity or opportunity. Further, certain factors exhibited by other
age groups in the country explain entrepreneurship.
Research limitations/implications – This study does not consider external perspectives on how
context influences entrepreneurial intentions.
Practical implications – This paper represents a first step to understanding the factors that governments
should consider when designing policies to support entrepreneurial activity in the senior demographic sector,
considering differences in motivation by necessity or opportunity. In addition, this study contributes to the
development of knowledge regarding senior entrepreneurship in Chile and to the identification of best practices
that could be used in other regions.
Originality/value – This report is the first to focus on the motivations of senior entrepreneurs in Chile by
quantifying the effects of different factors.
Identificador universal: https://hdl.handle.net/10641/3640
Fecha: 2021
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