
Higher Technological Education Graduates’ Entrepreneurship: 333
Results and Conclusions of a Nation-Wide Research Study
emerging of new ones, short-term contracts, and growing
hetero-employment are nowadays among the new em-
ployment statuses, disorientating the graduates from en-
trepreneurial activities [7,8]. The inability to determine
exact self-employment rates can be explained by the fact
that very few European Universities track the transition
of their graduates to the labour market, and even less
their vocational career [9].
Nevertheless, HE graduates’ entrepreneurship has
been the theme of several published articles and studies,
some of them focusing on the identification of the factors
affecting this activation. Scholars of entrepreneurship in
a variety of disciplines agree that age, employment status,
education, income and perceptions are significant socio-
economic factors in a person’s decision to start business
[10-12]. Other identified significant reasons for turning
to entrepreneurship are the profit motivation and the in-
dependence by being one’s own boss [13], the origin
from a self-employed family [3], as well as autonomy,
self-realization and family tradition [6]. On the contrary,
the socioeconomic background and the entrepreneurial
education did not prove to be significant factors.
Regarding the relevant situation in Greece, the national
rate of entrepreneurs is significantly higher than the EU
corresponding average. However, more than half of the
businesses have been created due to necessity or due to
family tradition rather than to opportunity [14]. The en-
trepreneurship of HE graduates mounts up to 8.7% plac-
ing Greece in the 4th position in EU-25 and in the 15th
position worldwide [15]. The first nation-wide published
survey on the transition of University graduates to the
labour market examining a large sample of 13600 gradu-
ates was carried out by Karamesini (2008). Gender and
specialty of bachelor studies were identified as the most
important factors regarding the graduates’ self-employ-
ment rates (the identified average graduates’ entrepre-
neurship rate was 12.8%) [16].
Our findings of a recent institutional survey in Greece
revealed similar results, proving additionally that gender
(male) and postgraduate studies abroad play a significant
positive role towards entrepreneurial activities. They also
indicate that the majority of the self-employed graduates
are satisfied with their professional career, self-employed
women are less than double than self-employed men, and
some professions demonstrated significantly higher self-
employment than others. Also, graduates with lower de-
gree mark seem to me more involved in entrepreneur-
ship [17].
This paper focuses on the results of a national survey
carried out in Greece and addressed to higher techno-
logical education’s graduates of five consecutive years.
Next Section is devoted to the methodology adopted,
whereas Section 3 concentrates on the description and
analysis of principal results that cover the main aspects
of graduates’ entrepreneurship. Paper’s last Section high-
lights the main findings and suggests future relevant
work.
2. Methodology
The nation-wide research study on which is based this
work used original first-born data collected during 2009
from all the participating Technological Educational In-
stitutions (TEI) of Greek higher education. The 11 local
surveys were conducted by the institutional Career Of-
fices which used the same research tool: a specially de-
signed structured questionnaire consisting of three parts
(demographic issues, educational issues, and employ-
ment issues), and including 43 closed, pre-coded ques-
tions. The survey method selected for the collection of
the empirical data was telephonic interviews carried out
by trained personnel (graduating students or Career Of-
fices’ employees). The surveys were addressed to ran-
domly selected and stratified (according to gender, insti-
tution and department of origin) samples of graduates. A
large number (5210) of filled and valid questionnaires
was collected, corresponding to graduates of 11 TEIs
having acquired their bachelor degrees in a five-year
time interval (1997-2001).
The Statistical Package for the Social Sciences (SPSS)
was used for the statistical analyses. Descriptive, as well
as inferential bivariate and multivariate statistical tech-
niques were used for the analysis of graduates’ responses.
The Chi-square (X2) test was used for the examination of
the statistical dependence between two variables for all
possible combinations. Linear regression was applied to
identify the effects of the selected independent variables
on the dichotomous dependent variable ‘employed or self-
employed’.
3. Results and Discussion
3.1. Entrepreneurs’ Demography and Education
Out of the 5210 examined graduates, 708 reported that
they are currently self-employed (13.6%). The majority
of them (61.6%) are men, and 38.4% are women,
whereas their proportion in the examined total sample is
nearly reverse (42% of the graduates are men and 58%
are women), showing a significantly stronger tendency of
men to turn to entrepreneurship. Sixty per cent of the
self-employed graduates have graduated in their second-
dary education from a general lyceum, and just over half
(51%) of them were married at the time of the study.
Nevertheless, type of secondary education and marital
status do not affect significantly graduates’ entrepreneur-
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