Prof Teemu Kautonen

Professor of Enterprise and Innovation.

Faculty:Lord Ashcroft International Business School

Department:Marketing, Enterprise and Tourism

Location: Cambridge

Prof Teemu Kautonen's area of specialisation is entrepreneurship, mainly from the perspectives of economics and psychology.


Teemu Kautonen is Professor of Enterprise and Innovation in the Institute for International Management Practice. He has worked in academia since 2001 in Finland, Germany and the UK. He received his PhD in 2005 from the University of Wuppertal (Germany). His appointment to Anglia Ruskin is part-time, and his principal academic position is at Aalto University in Finland.

Research interests

  • How initial start-up intentions develop into actions and the factors that affect this relationship.
  • Entrepreneurship and population ageing, especially ‘senior entrepreneurship’, or starting a business aged 50+.
  • The role of trust in the financial relationships of small firms.

Areas of research supervision

  • Entrepreneurship
  • Trust
  • Institutional economics


Supervision of PhD students


  • Dr. rer. oec. (PhD), University of Wuppertal, Germany (2005)
  • MSc in Entrepreneurship, University of Jyväskylä, Finland (2000)
  • BBA in International Business, Helsinki School of Economics, Finland (1998)

Memberships, editorial boards

  • Consulting Editor, International Small Business Journal
  • Editorial Board Member, Entrepreneurship Theory and Practice
  • Editorial Board Member, Journal of Trust Research
  • Member, Academy of Management

Research grants, consultancy, knowledge exchange

  • Principal Co-investigator, Dwoc – Design Driven Value Chains in the World of Cellulose, Finnish Funding Agency for Technology and Innovation, 2015-2017, €500,000 (my work package; the total project is worth €7 million).

  • Principal Co-investigator, VIPSE – Valuable, Intangible and Prestigious Service Experiences, Finnish Funding Agency for Technology and Innovation, 2012-2014, €580,000

  • Principal Investigator, Enterprise in Sunset Career: The Characteristics, Scope and Contributions of 50-plus Mature Entrepreneurship, Academy of Finland, 2009-2014, €500,000
  • Co-investigator, Trust in Relationships Between Banks and SMEs, OP-Pohjola Foundation, 2011-2014, €40,000
  • Principal Investigator, Involuntary Self-employment, Ministry of Labour (Finland), 2006-2007, €55,000

Selected recent publications

Kautonen, T. I. Hatak, E. Kibler and T. Wainwright (2015). Emergence of entrepreneurial behaviour: The role of age-based self-image. Journal of Economic Psychology, Vol. 50, pp. 41-51.
Van Gelderen, M., T. Kautonen and M. Fink (2015). From entrepreneurial intentions to actions: Self-control and action-related doubt, fear, and aversion. Journal of Business Venturing, Vol. 30 No. 5, pp. 655-673.
Kautonen, T., M. van Gelderen and M. Fink (2015). Robustness of the theory of planned behaviour in predicting entrepreneurial intentions and actions. Entrepreneurship Theory and Practice, Vol. 39 No. 3, pp. 655-674.
Wainwright, T., E. Kibler, T. Kautonen and R. Blackburn (2015). Can social exclusion against ‘older entrepreneurs’ be managed? Journal of Small Business Management, Vol. 53 No. S1, pp. 193-208.
Kautonen, T., S. Down and M. Minniti (2014). Ageing and entrepreneurial preferences. Small Business Economics, Vol. 42 No. 3, pp. 579-594.
Moro, A., M. Fink and T. Kautonen (2014). How do banks assess entrepreneurial competence? The role of voluntary information disclosure. International Small Business Journal, Vol. 32 No. 5, pp. 525-544.
Kibler, E., T. Kautonen and M. Fink (2014). Regional social legitimacy of entrepreneurship: implications for entrepreneurial intention and start-up behaviour. Regional Studies, Vol. 48 No. 6, pp. 995-1015.
Kibler, E. and T. Kautonen (2014). The moral legitimacy of entrepreneurs: An analysis of early-stage entrepreneurship across 26 countries. International Small Business Journal,
Kautonen, T. and M. Minniti (2014). ‘Fifty is the new thirty’: Ageing well and start-up activities. Applied Economics Letters,