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Entrepreneurial intention among high-school students: the importance of parents, peers and neighbors
Literature on the formation of intention toward entrepreneurship in adolescents has focused on either parental (vertical) transmission of social capital or network effects from peers or neighbors (horizontal). Considering the simultaneous effect of parents, peers, and neighbors, we suggest that such...
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Published in: | Eurasian business review 2020-06, Vol.10 (2), p.225-251 |
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Main Authors: | , , |
Format: | Article |
Language: | English |
Subjects: | |
Citations: | Items that this one cites Items that cite this one |
Online Access: | Get full text |
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Summary: | Literature on the formation of intention toward entrepreneurship in adolescents has focused on either
parental
(vertical) transmission of social capital or network effects from
peers
or
neighbors
(horizontal). Considering the simultaneous effect of parents, peers, and neighbors, we suggest that such three levels identify a mechanism whereby the individual perception of their importance interacts with their objective characteristics. With a unique dataset for second-year high-school adolescents in the Italian city of Palermo, and employing Logit and 3SLS methods, we find evidence for a strong parental effect and for secondary peer (peers) effects on student intention. We also detect clear endogenous effects from the neighborhood and the overall context. Moreover, entrepreneurship is confirmed to be perceived, even by high-school students, as a buffer for possible unemployment and social mobility. |
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ISSN: | 1309-4297 2147-4281 |
DOI: | 10.1007/s40821-020-00160-y |