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

Lookup NU author(s): Eftychia Palamida, Professor Savvas Papagiannidis, Dr Despoina Xanthopoulou

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND).


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.


Publication metadata

Author(s): Palamida E, Papagiannidis S, Xanthopoulou D

Publication type: Article

Publication status: Published

Journal: European Management Journal

Year: 2018

Volume: 36

Issue: 3

Pages: 392-407

Print publication date: 01/06/2018

Online publication date: 04/07/2017

Acceptance date: 07/06/2017

ISSN (print): 0263-2373

ISSN (electronic): 1873-5681

Publisher: Elsevier

URL: https://doi.org/10.1016/j.emj.2017.06.004

DOI: 10.1016/j.emj.2017.06.004


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