Understanding Business Takeover Intentions—The Role of Theory of Planned Behavior and Entrepreneurship Competence

Entrepreneurial intentions have been extensively studied, but little is known about the intended mode of entry into entrepreneurship and its antecedents. This study tests the utility of the theory of planned behavior in a new, more specific context, namely business takeover intentions. The impact of entrepreneurship competence on antecedents of takeover intentions is explored. Entrepreneurship competence is measured using a scale based on the EntreComp framework. Data (N = 1373) were gathered from two institutes of higher education in Finland and analyzed using logistic regression. The results show that the TPB can be useful in investigating takeover intentions. The subjective norm has a notable and direct effect on takeover intentions, but the effect of entrepreneurship competence is mediated by attitudes and perceived behavioral control. The effect of parental role models on takeover intentions is significant, although the study is not limited to family successions; gender is also significant. The results show that the relationship between takeover intentions, entrepreneurship competence, and family role models is a complex one. Future studies on entrepreneurial intentions should pay attention to the differences in antecedents of entry modes.