Exploring how an entrepreneur financially plans for retirement income: Evidence from Thailand

Little attention has been paid to an issue of entrepreneurial retirement planning. The purpose of this research paper is to investigate the relationship between entrepreneurial financial attainment capacity and expected retirement income. More explicitly, the following research questions were propos...

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Autores principales:	Chavis Ketkaew, Martine Van Wouwe, Preecha Vichitthammaros
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2019
Materias:	retirement entrepreneur thailand financial planning Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/31202b4babd74abcb440b885f914fb6e
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spelling	oai:doaj.org-article:31202b4babd74abcb440b885f914fb6e2021-12-02T18:31:20ZExploring how an entrepreneur financially plans for retirement income: Evidence from Thailand2331-197510.1080/23311975.2019.1668676https://doaj.org/article/31202b4babd74abcb440b885f914fb6e2019-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2019.1668676https://doaj.org/toc/2331-1975Little attention has been paid to an issue of entrepreneurial retirement planning. The purpose of this research paper is to investigate the relationship between entrepreneurial financial attainment capacity and expected retirement income. More explicitly, the following research questions were proposed. 1) What factors determine entrepreneurial financial attainment capacity? 2) What influences anticipated net income after retirement? And 3) how entrepreneurial financial attainment capacity and anticipated net income after retirement are related? Both direct and online questionnaires were used to obtain data from 240 entrepreneurs from different geographical areas in Thailand. Structural Equation Modeling (SEM) was utilized to test the hypothesized relationships among various financial variables. The SEM analyses revealed that entrepreneurial financial attainment capacity positively influence targeted retirement income. Moreover, the results demonstrated that entrepreneurial financial attainment capacity was positively determined by an entrepreneur’s investment in financial asset, employment income, business net worth, business income and negatively determined by personal annual expenses and business expenses. On one hand, the research findings indicated that targeted retirement income was positively determined by expected earnings after retirement but negatively elucidated by expected spending after retirement. These results validated and expanded the previous research on entrepreneurial activities and financial planning.Chavis KetkaewMartine Van WouwePreecha VichitthammarosTaylor & Francis Grouparticleretiremententrepreneurthailandfinancial planningBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 6, Iss 1 (2019)
institution	DOAJ
collection	DOAJ
language	EN
topic	retirement entrepreneur thailand financial planning Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	retirement entrepreneur thailand financial planning Business HF5001-6182 Management. Industrial management HD28-70 Chavis Ketkaew Martine Van Wouwe Preecha Vichitthammaros Exploring how an entrepreneur financially plans for retirement income: Evidence from Thailand
description	Little attention has been paid to an issue of entrepreneurial retirement planning. The purpose of this research paper is to investigate the relationship between entrepreneurial financial attainment capacity and expected retirement income. More explicitly, the following research questions were proposed. 1) What factors determine entrepreneurial financial attainment capacity? 2) What influences anticipated net income after retirement? And 3) how entrepreneurial financial attainment capacity and anticipated net income after retirement are related? Both direct and online questionnaires were used to obtain data from 240 entrepreneurs from different geographical areas in Thailand. Structural Equation Modeling (SEM) was utilized to test the hypothesized relationships among various financial variables. The SEM analyses revealed that entrepreneurial financial attainment capacity positively influence targeted retirement income. Moreover, the results demonstrated that entrepreneurial financial attainment capacity was positively determined by an entrepreneur’s investment in financial asset, employment income, business net worth, business income and negatively determined by personal annual expenses and business expenses. On one hand, the research findings indicated that targeted retirement income was positively determined by expected earnings after retirement but negatively elucidated by expected spending after retirement. These results validated and expanded the previous research on entrepreneurial activities and financial planning.
format	article
author	Chavis Ketkaew Martine Van Wouwe Preecha Vichitthammaros
author_facet	Chavis Ketkaew Martine Van Wouwe Preecha Vichitthammaros
author_sort	Chavis Ketkaew
title	Exploring how an entrepreneur financially plans for retirement income: Evidence from Thailand
title_short	Exploring how an entrepreneur financially plans for retirement income: Evidence from Thailand
title_full	Exploring how an entrepreneur financially plans for retirement income: Evidence from Thailand
title_fullStr	Exploring how an entrepreneur financially plans for retirement income: Evidence from Thailand
title_full_unstemmed	Exploring how an entrepreneur financially plans for retirement income: Evidence from Thailand
title_sort	exploring how an entrepreneur financially plans for retirement income: evidence from thailand
publisher	Taylor & Francis Group
publishDate	2019
url	https://doaj.org/article/31202b4babd74abcb440b885f914fb6e
work_keys_str_mv	AT chavisketkaew exploringhowanentrepreneurfinanciallyplansforretirementincomeevidencefromthailand AT martinevanwouwe exploringhowanentrepreneurfinanciallyplansforretirementincomeevidencefromthailand AT preechavichitthammaros exploringhowanentrepreneurfinanciallyplansforretirementincomeevidencefromthailand
_version_	1718377967876308992

Exploring how an entrepreneur financially plans for retirement income: Evidence from Thailand

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