Revisiting the Factors Influencing Entry and Success of Entrepreneurship (original) (raw)

Entrepreneurship and the process of firms' entry, survival and growth

Industrial and Corporate Change, 2007

This survey paper aims at critically discussing the recent literature on firm formation and survival and the growth of new-born firms. The basic purpose is to single out the microeconomic entrepreneurial foundations of industrial dynamics (entry and exit) and to characterise the founder's ex-ante features in terms of likely ex-post business performance. The main conclusion is that entry of new firms is heterogeneous with innovative entrepreneurs being found together with passive followers, over-optimist gamblers and even escapees from unemployment. Since founders are heterogeneous and may make "entry mistakes", policy incentives should be highly selective, favouring nascent entrepreneurs endowed with progressive motivation and promising predictors of better business performance. This would lead to the least distortion in the post-entry market selection of efficient entrepreneurs.

A Study of Entry Hindrances to Entrepreneurship with reference to Management Education Persuants

2007

The present article {s an effort tofind out entry hindrances to entrepreneurshipfor postgraduate management students. The myth that the. entrepreneurs are horn is no more valid, it has been proved that entrepreneurs can be developed through scientific method ••and training. The management graduates in respective curriculum learn to manage business and though they are competent it has been observed that they are deprivedfrom entrepreneurship. The Researchers have articulated

Human Capital, Entrepreneurial Entry and Survival

The economic research undertaken at Nottingham Trent University covers various fields of economics. But, a large part of it was grouped into two categories, Applied Economics and Policy and Political Economy.

The key factors affecting entrepreneurship: a comparative analysis

Zbornik radova Ekonomskog fakulteta u Rijeci: časopis za ekonomsku teoriju i praksu/Proceedings of Rijeka Faculty of Economics: Journal of Economics and Business

The purpose of the article is to identify the factors determining the rate of entrepreneurship in selected regions of Poland and the Czech Republic, two neighboring countries, within the period 2007-2017. This period includes the time of the financial and economic crisis, which could have influenced the entrepreneurship determinants in the regions under study in varying degrees. The differentiation of the impact of selected variables on the entrepreneurship rate had its basis in many elements. To achieve this objective, the following research methods were used: presentation of statistical data, statistical and econometric research methods-the logarithmic panel model with delays. The article also emphasizes the importance of entrepreneurship for the development of a country's economy. Considering the high level of competitiveness in local and global markets, enterprises should pay increasing attention to micro-environment and some regional conditions, because an enterprise depends on these conditions and may influence many of them. The results of the research and thus the contribution and their added value are as follows: an increase in local entrepreneurship is positively transferred to the growth of international entrepreneurship, while R&D expenditure and average remuneration in the economy are the crucial factors influencing the development of entrepreneurship.

A tale of soil and seeds: the external environment and entrepreneurial entry

Small Business Economics, 2016

While the study of international entrepreneurship has been dominated by studies of international new ventures, the study of comparative international entrepreneurship has received relatively little attention. We argue that since such international differences are often the underlying drivers for entrepreneurship that crosses borders, this area of research has a rich potential to improve our understanding of international entrepreneurship. In this paper, we develop a theoretical framework to examine the effects of the external business environment (the soil) on the entrepreneurial entry by individuals (the seeds). This leads us to fundamental predictions regarding differences in the extent of entrepreneurship in different national contexts. While in developed economies business ventures are more likely to be launched when the turnover rate of incumbent firms is high, the opposite is true in developing economies. Estimates generated using a largescale data set provide empirical support for our theoretical predictions. Our findings suggest important avenues for new research regarding the role of factors such as the liability of newness and the stigma of failure in different national contexts, as well as the manner in which entrepreneurial dynamics evolve over time. Keywords Comparative entrepreneurship Á Corporate instability Á Entry Á Liability of newness Á Stigma of failure JEL Classification L26 Á L22 Á M16

OBSTACLES IN GROWTH OF ENTREPRENEURSHIP

Entrepreneurship has been considered for long as a process primarily aimed at creating one’s own business ventures and contributing to economic development and employment generation. It is not just about management, ideas, or shortage of funds, the focus need to be on the product. In the 21st century, the opportunities for growth, profits, success and the pace of development is increasing globally and the ability to adapt to change and willingness to adopt best practices, will acquire new value. Present paper highlights on hurdles in growth of entrepreneurship and reasons for failure of entrepreneurship. Researcher undergone reviews of literature and indentify the reasons of entrepreneurship failure and hurdles to become an entrepreneur. After the study researcher conclude that entrepreneurship education and support by family members will help to minimize the hurdles in growth of entrepreneurship.

Entrepreneurship and its conditions: a macro perspective

International Journal of …, 2002

The rate of entrepreneurship, a multidimensional concept including both the percentage of existing business owners in the labor force as well as the start-up rate of new enterprises, varies substantially across countries and over periods of time. Data for several modern Western nations including the United States, the United Kingdom and the Netherlands suggest a U-shaped recovery in rate of entrepreneurship (as measured by business ownership) toward the end of the 20th century. However, the timing, pattern and extent of this recovery vary substantially across nations. The reasons for this large variation in rate of entrepreneurship across time and by country are by no means straightforward. This paper provides a framework explaining the causes of the variation in rate of entrepreneurship across countries. The last part of the paper illustrates the framework with two historical case studies: the Dutch Golden Age of the 17th century and Britain's First Industrial Revolution (1760-1830). The approach taken is eclectic, integrating various research streams in the social sciences. Policy implications are also proposed.

Essays on High ‐ Quality Entrepreneurship i Introduction and Summary of the Thesis

2010

Holtz-Eakin and Kao (2003) find that entrepreneurship, in the form of firm births, is positively related to changes in productivity while Audretsch and Keilbach (2004) estimate a production function model including several different measures of entrepreneurship capital and find that it is a significant and important factor in shaping output and productivity. Moreover, Geroski (1995) notes how high rates of entry are often associated with high rates of innovation and increases in productivity (Baptista and Swann, 1999). Note that the positive correlation found between entry and innovative performance in markets (Geroski, 1989, 1991a, 1991b; Acs and Audretsch, 1990) and high entry rates and productivity growth (Geroski, 1989, 1991b; Baldwin and Gorecki, 1991) does not necessarily imply that new entrants are responsible for these effects but suggests that high entry rates stimulate the performance of the industry as a whole. 3. Connection to the theory Despite the increased awareness of the importance of entrepreneurship for economic growth the field of entrepreneurial research suffers from a high degree of fragmentation and a lack of a coherent theoretical foundation. Gartner (2001) describes the field of entrepreneurship as a 'cacophony of results and ideas', and Shane and Venkataraman (2000) as a 'hodgepodge'. Braunerhjelm (2010) describes the occupational choice models (Evans and Leighton, 1989; Banerjee and Newman, 1993; van Praag and Cramer, 2001) as the closest contemporary attempt to model entrepreneurship, however he does not consider them particularly satisfactory or more valuable than an eclectic approach based on empirical observations.