The drivers of seniors’ entrepreneurial intentions: a conceptual framework

Abstract

Purpose: This paper aims to reveal the role of two theories that impact seniors’ entrepreneurial intentions. Both the socioemotional selectivity theory (SST) and the self-determination theory (SDT) re-shape seniors’ intentions to create entrepreneurial opportunities and activities after they retire. Design/methodology/approach: This paper uses secondary data resources for developing the research concept, which might leverage seniors’ ultimate goal of creating entrepreneurial activities. A comprehensive past-paper analysis was performed. One hundred papers were initially considered for inclusion in this research. However, after a rigorous synthesisation process, 80 publications were selected for further analysis. Findings: This paper presents an investigation of seniors’ entrepreneurship, with a specific emphasis on the SST and the SDT. It suggests potential models that could gauge senior entrepreneurs’ propensity to engage in entrepreneurial endeavours to support the socioeconomic advancement of society. Furthermore, this research discussed the limitations of the enlightening concepts presented to scholars and decision-makers. Originality/value: The originality of this paper is illuminated by its idea of integrating two theories (the SST and the SDT), suggesting that these theories can possibly better observe senior entrepreneurs’ intentions in creating an entrepreneurial venture after they retire.