Subjective norms and entrepreneurial intentions of pre-retirees in Universities in Edo State, Nigeria

Abstract

The study examined subjective norms and entrepreneurial intentions of pre-retirees in universities in Edo State. The main objective of the study is the impact of subjective norms on entrepreneurial intentions of pre-retirees in universities in Edo State. The research design is both exploratory and descriptive. The technique used by the researcher to obtain data for analysis is questionnaire and interview. Sample of 250 respondents were purposively selected among universities in Edo State. Seventeen research questions were developed covering subjective norms and pre-retirees entrepreneurial intention. The data were analyzed and presented using SPSS 2.0 statistical technique. The study revealed that subjective norm has a significant negative impact on pre-retirees entrepreneurial intention. This has strong implication on retirees’ lives as they are affected by what they see or hear from significant others but not sufficient to remain a critical fact on pre-retirees behavior. They therefore need to develop self-efficacy to advert pains at retirement. This also brought to questions barriers – health and income during entrepreneurial implementation at retirement. It was recommended that the referent group should be handled with care by gradual social distance from their influence and the needs for organization training to deconstruct their negative influence and retirees should be entitled to free medical care to keep them fit for startups.