Ageing and Entrepreneurship
This paper examines whether the age of the entrepreneur is related to the objectives, strategy and performance of the firm. The paper is primarily an explorative empirical study. The authors combine a descriptive analysis with econometric estimation techniques in an attempt to explain different outcomes concerning the aforementioned three variables of interest. In each analysis, age of the entrepreneur is the key explanatory variable. Possible presence of nonlinear effects of age is tested. Comparing the outcomes concerning objectives for different age cohorts, only small differences are visible between younger and older entrepreneurs regarding their indication of what is the most important objective of the firm.