Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/86588
Authors: 
van der Zwan, Peter
Thurik, Roy
Grilo, Isabel
Year of Publication: 
2006
Series/Report no.: 
Tinbergen Institute Discussion Paper 06-103/3
Abstract: 
We test a new model where the entrepreneurial decision is described as a process of successive engagement levels, i.e., as an entrepreneurial ladder. Five levels are distinguished using nearly 12,000 observations from the 2004 “Flash Eurobarometer survey on Entrepreneurship” covering the 25 European Union member states and the United States. The most surprising of the many results is that perception of lack of financial support is no obstacle for moving to a higher entrepreneurial engagement level whereas perceived administrative complexity is a significant obstacle. We also show that the effect of age on the probability of moving forward in the entrepreneurial process becomes negative after a certain age implying that if entrepreneurial engagements are not taken early enough in life they may well never be taken.
Subjects: 
entrepreneurship
determinants
nascent entrepreneurship
ordered multinomial logit
Europe
JEL: 
H10
J23
L26
M13
R12
Document Type: 
Working Paper

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