Linking young individuals' capital to investment intentions: Comparing two cultural backgrounds

Palamida, Eftychia, Papagiannidis, Savvas and Xanthopoulou, Despoina (2018) Linking young individuals' capital to investment intentions: Comparing two cultural backgrounds. European Management Journal, 36 (3). pp. 392-407. ISSN 0263-2373

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Official URL: http://dx.doi.org/10.1016/j.emj.2017.06.004

Abstract

By integrating the Entrepreneurial Intentionality Model and the Theory of Planned Behaviour, we explored the effects of human, social and financial capital on young individuals' investment intentions in two groups (97 English and 97 Greeks). Results indicated that human capital is directly and indirectly related to investment intentions via, first, subjective norms and, consequently, personal attitudes and perceived behavioural control, while social capital is only indirectly related to investment intentions via perceived behavioural control. In the individualistic group (English), human capital related directly and positively with investment intentions while social capital related indirectly to investment intentions via its positive relationship to subjective norms. With regard to participants from a collectivistic background (Greeks), human capital related indirectly to investment intentions via, first, subjective norms and, consequently, personal attitudes and perceived behavioural control, while social capital related directly and indirectly to investment intentions via perceived behavioural control. Financial capital was only negatively related to investment intentions in the total and Greek sample.

Item Type: Article
Uncontrolled Keywords: Human capital, Social capital, Financial capital, Investment intentions, Cross-cultural
Subjects: N100 Business studies
Department: Faculties > Business and Law > Newcastle Business School
Depositing User: Becky Skoyles
Date Deposited: 15 Nov 2018 14:37
Last Modified: 30 Oct 2020 08:00
URI: http://nrl.northumbria.ac.uk/id/eprint/36714

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