Entrepreneurial intention as developmental outcome

What predicts adults entrepreneurial intentions? Utilizing a cross-sectional sample of 496 German scientists, we investigated a path model for the effects of entrepreneurial personality (Big Five profile), control beliefs, and recalled early entrepreneurial competence in adolescence (early inventions, leadership, commercial activities) on two types of entrepreneurial intentions (conditional and unconditional intentions). As expected, entrepreneurial personality and early entrepreneurial competence on the one hand and both types of entrepreneurial intentions on the other were associated. Findings of structural equation modeling further revealed indirect effects via control beliefs (e.g., mediation effects). The results highlight the importance of a life span developmental approach in entrepreneurship research and support the idea that entrepreneurship can be promoted early in life. The findings are discussed against the backdrop of the economic and societal values that entrepreneurship has in today's societies. (C) 2010 Elsevier Inc. All rights reserved.