Taking a second chance: entrepreneurial re-starters in Germany
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In: Applied Economics Quarterly, Vol. 49, No. 3, 2003, p. 255-272.
Research output: Journal contributions › Journal articles › Research › peer-review
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TY - JOUR
T1 - Taking a second chance
T2 - entrepreneurial re-starters in Germany
AU - Wagner, Joachim
PY - 2003
Y1 - 2003
N2 - Folklore has it that the comparatively low proportion of self-employed in Germany in in part due to a habit that might be termed "stigmatisation of failure": taking a second chance to build one's own firm after failing as a self-employed person is said to be much more difficult here than in other countries. This paper uses data from a large recent survey in ten German planning regions to document that 18% of today's firm owners founded a firm in the past that went out of business, and that 8% of people whose former firm went out of business are actively engaged in starting a new business today...
AB - Folklore has it that the comparatively low proportion of self-employed in Germany in in part due to a habit that might be termed "stigmatisation of failure": taking a second chance to build one's own firm after failing as a self-employed person is said to be much more difficult here than in other countries. This paper uses data from a large recent survey in ten German planning regions to document that 18% of today's firm owners founded a firm in the past that went out of business, and that 8% of people whose former firm went out of business are actively engaged in starting a new business today...
KW - Economics
KW - Deutschland
KW - Entrepreneurship
KW - Selbständiger
M3 - Journal articles
VL - 49
SP - 255
EP - 272
JO - Applied Economics Quarterly
JF - Applied Economics Quarterly
SN - 1611-6607
IS - 3
ER -