EconStor >
Max-Planck-Institut für Ökonomik, Jena >
Discussion Papers on Entrepreneurship, Growth and Public Policy, MPI für Ökonomik >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/24929
  
Title:The determinants of new-firm survival across regional economies PDF Logo
Authors:Ács, Zoltán J.
Armington, Catherine
Zhang, Ting
Issue Date:2006
Series/Report no.:Papers on entrepreneurship, growth and public policy 0407
Abstract:The process of the entrepreneurial decision is decomposed in seven engagement levels ranging from never thought about starting a business to gave up, thinking about it, taking steps for starting up, having a young business, having an older business and no longer being an entrepreneur. By using a multinomial logit model we allow the effect of covariates to differ across the various entrepreneurial engagement levels. Data from two Entrepreneurship Flash Eurobarometer surveys (2002 and 2003) con-taining over 20,000 observations of the 15 old EU member states, Norway, Iceland, Liechtenstein and the US are used. Other than demographic variables, the set of explanatory variables used includes the percep-tion by respondents of administrative complexities, of availability of financial support and of risk tolerance, the respondents preference for self-employment and country specific effects. Among our results we find that the perception of lack of financial support has no discriminative effect across the various levels of en-trepreneurial engagement while perception of administrative complexities plays a negative role only for high levels of engagement.
Subjects:entrepreneurship
determinants
nascent entrepreneurship
multinomial logit
barriers to entry
Europe
JEL:H10
J23
L26
M13
R12
Document Type:Working Paper
Appears in Collections:Discussion Papers on Entrepreneurship, Growth and Public Policy, MPI für Ökonomik

Files in This Item:
File Description SizeFormat
52533744X.pdf771.97 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/24929

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.