Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/36085
Authors: 
Estrin, Saul
Korosteleva, Julia
Mickiewicz, Tomasz
Year of Publication: 
2009
Series/Report no.: 
IZA Discussion Papers 4396
Abstract: 
This paper contrasts the determinants of entrepreneurial entry and high-growth aspiration entrepreneurship. Using the Global Entrepreneurship Monitor (GEM) surveys for 42 countries over the period 1998-2005, we analyse how institutional environment and entrepreneurial characteristics affect individual decisions to become entrepreneurs and aspirations to set up high-growth ventures. We find that institutions exert different effects on entrepreneurial entry and on the individual choice to launch high-growth aspiration projects. In particular, a strong property rights system is important for high-growth aspiration entrepreneurship, but has less pronounced effects for entrepreneurial entry. The availability of finance and the fiscal burden matter for both.
Subjects: 
High-growth aspiration entrepreneurship
entrepreneurship
start-ups
property rights
JEL: 
D23
D84
G21
J23
J24
K11
L26
P51
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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