Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/86959
Authors: 
Stam, Erik
Thurik, Roy
van der Zwan, Peter
Year of Publication: 
2008
Series/Report no.: 
Tinbergen Institute Discussion Paper 08-031/3
Abstract: 
Entrepreneurs exit their business due to selection mechanisms experienced in the market place. Next to this well known ex-post decision to exit, entrepreneurs select ex-ante whether they are willing to pursue an entrepreneurial career at all, or to give up these entrepreneurial intentions. This paper compares the role of personal and ecological factors as determinants of these two types of selection: exit in real and in imagined markets. Entrepreneurs in imagined markets are more likely to exit in strong welfare state regimes, while real entrepreneurs are more likely to exit when they have low levels of human capital and when they are located in metropolitan areas.
Subjects: 
entrepreneurship
nascent entrepreneurs
entrepreneurial exit
market selection
JEL: 
J23
L26
Document Type: 
Working Paper

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