Are young and small firms hothouses for nascent entrepreneurs? Evidence from German micro data
Research output: Working paper › Working papers
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Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg, 2004. (Arbeitsbericht; No. 301).
Research output: Working paper › Working papers
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TY - UNPB
T1 - Are young and small firms hothouses for nascent entrepreneurs?
T2 - Evidence from German micro data
AU - Wagner, Joachim
N1 - Stand: January 2004
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 width 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 width 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
KW - entrepreneurship
KW - young and small firms
KW - rare events logit
KW - Germany
M3 - Working papers
T3 - Arbeitsbericht
BT - Are young and small firms hothouses for nascent entrepreneurs?
PB - Institut für Volkswirtschaftslehre der Universität Lüneburg
CY - Lüneburg
ER -