IIDS Lect 1_ Part 3: Ch2 & 6 (NOT 2.2) (Measures of the 2 approaches ,…
IIDS Lect 1_ Part 3: Ch2 & 6 (NOT 2.2)
: who (becomes an entrepreneur) and when
Which individuals likely to become entrepreneur, e.g., males versus females; highly versus lowly educated.
Conditions that make it more or less rewarding for individuals to become entrepreneur e.g., having entrepreneurial parents, financial conditions, policies, taxes, regulations.
does one become an entrepreneur?
Entrepreneurial personality and decision making choices (how people think and act) that facilitate new venture creation.
Entry: 2. Measures of entrepreneurship
Static (stock): e.g., nr of business owners / self-employed
Dynamic (flow): e.g., nr of new business owners / new self-employed / start-upsreflects entry!
Measures of the 2 approaches
static and dynamic measures that reflect occupation (e.g., self-employment, business ownership)
dynamic measures that reflect creation of new businesses (e.g., nascent entrepreneurship, start-ups)
see slide 36/59
EXIT (ch 9 & 10)
Individual and business exit
Measures for exit / business closures
Perspectives on business closures
EXIT: 1. Individual and business exit
Frequent exit of young entrepreneurs/businesses slide 40
New entrepreneurs/business--> Liability of newness-->Frequent exit of entrepreneur/business
Entry and exit often go together slide 41
Entrepreneurial (individual) exit
The entrepreneur after an exit
Re-enter as entrepreneur (
); this is
Relevant experience, human capital
Entrepreneurship experience signals low ability as wage employee
Become an employee
Become unemployed or exit the labor force
Types of entrepreneurs