TY - JOUR

T1 - Are young and small firms hothouses for nascent entrepreneurs?

T2 - Evidence from German micro data

AU - Wagner, Joachim

PY - 2004

Y1 - 2004

N2 - Using a large recent representative sample of the German population this paper contributes to the entrepreneurship literature by empirically testing the hypothesis that young and small firms are hothouses for nascent entrepreneurs. The empirical estimation takes the rare events nature of becoming a nascent entrepreneur and the regional stratification of the sample into account. Controlling for various individual characteristics and attitudes (sex, age, risk aversion, presence of a role model in the family, and the breadth of professional background) we illustrate both the statistical significance and the economic importance for entrepreneurship of work experience in a firm that is both young and small.

AB - Using a large recent representative sample of the German population this paper contributes to the entrepreneurship literature by empirically testing the hypothesis that young and small firms are hothouses for nascent entrepreneurs. The empirical estimation takes the rare events nature of becoming a nascent entrepreneur and the regional stratification of the sample into account. Controlling for various individual characteristics and attitudes (sex, age, risk aversion, presence of a role model in the family, and the breadth of professional background) we illustrate both the statistical significance and the economic importance for entrepreneurship of work experience in a firm that is both young and small.

KW - Economics

KW - Deutschland

KW - Entrepreneurship

KW - Klein- und Mittelbetrieb

M3 - Journal articles

VL - 50

SP - 379

EP - 391

JO - Applied Economics Quarterly

JF - Applied Economics Quarterly

SN - 1611-6607

IS - 4

ER -