Factors that Influence Entrepreneurial Intention among Pre-Retirees in Kuala Lumpur and Selangor, Malaysia

• Main Author: Chow, Mei Min
• Format: Thesis
• Language: English; English
• Published: 2021
• Subjects: HF Commerce
• Online Access: http://ur.aeu.edu.my/903/1/Full%20REvised%20Thesis%20%28Final%20Copy%29-1-24.pdf; http://ur.aeu.edu.my/903/2/Full%20REvised%20Thesis%20%28Final%20Copy%29.pdf; http://ur.aeu.edu.my/903/; https://online.fliphtml5.com/sppgg/cjtd/?1634025813219

As Malaysia is becoming an aged nation by 2030, according to the Department of Statistics, Malaysia, where 14% of the population will be in their 60s in the next 10 years, pre-retiree Malaysians particularly are encouraged to generate consistent and secure income sources to protect a sustainable retirement lifestyle. One of the practical strategies is to encourage the development of senior entrepreneurship. Most of the entrepreneurship researches in Malaysia are mainly focused on certain groups of people, particularly on younger people seeking alternative to being employed. The pre�retirees or the senior cohort thus have been neglected and overlooked. The main objective of this study is to examine the determinants that affect entrepreneurial intention among Malaysian pre-retirees between ages 45 to 59 years old. Specifically, it examines the relationship between the independent variables of entrepreneurial attitude, individual entrepreneurial orientation, instrumental readiness and entrepreneurial ecosystem, and the dependent variable of entrepreneurial intention. A questionnaire survey adopted in this study secured the required information from 616 target respondents in Wilayah Persekutuan Kuala Lumpur and State of Selangor, whose analyzed responses thus explain the 65.5% variances in entrepreneurial intention among Malaysian pre-retirees. The research findings established, using SPSS version 27 and Smart PLS 3.0 application, suggest that Entrepreneurial Attitude, Individual Entrepreneurial Orientation, Instrumental Readiness and Entrepreneurial Ecosystem have significant positive relationships with Entrepreneurial Intention, also showing that Entrepreneurial Attitude has mediated partially the relationship between Individual Entrepreneurial Orientation and Entrepreneurial Intention. This study also found that there are gender and ethnicity differences on the three dimensions of individual entrepreneurial orientation: risk taking, innovativeness and proactiveness; except for ethnicity on risk taking only. The overall results provide useful informational insights for the Malaysian government and other public interest groups including financial institutions and business advisory agencies keen to tap on pre-retirees as a productive and contributory source for entrepreneurial SME business development. In this way, the research gap in entrepreneurship development can be bridged by exploiting a potential untapped resource of pre-retirees for further country economic wealth creation and improving post-citizenship retirement welfare.