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What determines the growth ambition of Dutch early-stage entrepreneurs?

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  • Ingrid Verheul
  • Linda Van Mil

Abstract

This paper investigates the determinants of the ambition to grow among Dutch early-stage entrepreneurs. We use GEM adult population survey data for The Netherlands. Merging cross-sectional data of the years 2002-2007 leads to a sample of 409 nascent entrepreneurs and 336 young business owners. Growth ambition is measured by asking respondents which statement fits him or her best: 1) I want my company to be as large as possible; 2) I want a size I can manage myself or with a few key employees. We find that nascent entrepreneurs and young business owners are equally likely to strive after growth. For nascent entrepreneurs fear of failure and entrepreneurial self-efficacy are important factors explaining growth ambition. Starting a business because of perceiving and exploiting a business opportunity (as opposed to necessity entrepreneurship) is an important driver of growth ambition for all early-stage entrepreneurs, but in particular for nascents.

Suggested Citation

  • Ingrid Verheul & Linda Van Mil, 2011. "What determines the growth ambition of Dutch early-stage entrepreneurs?," International Journal of Entrepreneurial Venturing, Inderscience Enterprises Ltd, vol. 3(2), pages 183-207.
    • Handle: RePEc:ids:ijeven:v:3:y:2011:i:2:p:183-207
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    Cited by:

    1. Karin Sirec & Dijana Mocnik, 2013. "Determinants Of Growth Aspirations: Empirical Evidence Of The South-Eastern European Countries," Economic Review: Journal of Economics and Business, University of Tuzla, Faculty of Economics, vol. 11(1), pages 3-15.
    2. Ingrid Wakkee & Marijke Van Der Veen & Willo Eurlings, 2015. "Effective Growth Paths for SMEs," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 24(2), pages 169-185, September.
    3. Stephanie Schoss & Diemo Urbig & Malte Brettel & René Mauer, 2022. "Deep-level diversity in entrepreneurial teams and the mediating role of conflicts on team efficacy and satisfaction," International Entrepreneurship and Management Journal, Springer, vol. 18(3), pages 1173-1203, September.
    4. HERMANS, Julie & VANDERSTRAETEN, Johanna & DEJARDIN, Marcus & RAMDANI, Dendi & STAM, Erik & VAN WITTELOOSTUIJN, Arjen, 2012. "Ambitious entrepreneurship: Antecedents and consequences," Working Papers 2012023, University of Antwerp, Faculty of Business and Economics.
    5. Mohd Hizam Hanafiah, & Sheikh Usman Yousaf, & Bushra Usman,, 2017. "The influence of psychological capital on the growth intentions of entrepreneurs: A study on Malaysian SME entrepreneurs," Business and Economic Horizons (BEH), Prague Development Center, vol. 13(5), pages 556-569, December.
    6. Johanna Vanderstraeten & Ellen Loots & Anais Hamelin & Arjen van Witteloostuijn, 2020. "Micro-foundations of small business internationalization: introduction to the Special Section," Post-Print hal-03015594, HAL.
    7. Laurent Vilanova & Ivana Vitanova, 2020. "Unwrapping opportunity confidence: how do different types of feasibility beliefs affect venture emergence?," Small Business Economics, Springer, vol. 55(1), pages 215-236, June.
    8. Raquel Puente & María Antonia Cervilla & Carlos Giovanni González & Nunzia Auletta, 2017. "Determinants of the growth aspiration: a quantitative study of Venezuelan entrepreneurs," Small Business Economics, Springer, vol. 48(3), pages 699-726, March.
    9. Alona Martiarena, 2022. "How gender stereotypes shape venture growth expectations," Small Business Economics, Springer, vol. 58(2), pages 1015-1034, February.
    10. Siepel, Josh & Cowling, Marc & Coad, Alex, 2017. "Non-founder human capital and the long-run growth and survival of high-tech ventures," Technovation, Elsevier, vol. 59(C), pages 34-43.
    11. Backman, Mikaela & Karlsson, Charlie, 2020. "Age of managers and employees – Firm survival," The Journal of the Economics of Ageing, Elsevier, vol. 15(C).
    12. Atilla Öner, M. & Kunday, Özlem, 2016. "A study on Schumpeterian and Kirznerian entrepreneurship in Turkey: 2006–2013," Technological Forecasting and Social Change, Elsevier, vol. 102(C), pages 62-71.
    13. González Espitia, Carlos Giovanni & Sarmiento Garcia, Victor Manuel & Arboleda Cuesta, Jhonnier Marcelo, 2023. "Determinantes de la aspiración al crecimiento del negocio de los emprendedores colombianos: el rol de algunas generaciones, Baby Boomers, Generación X y Millenials [Determinants of the growth aspir," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 35(1), pages 223-249, June.
    14. Ioannis Giotopoulos & Alexandra Kontolaimou & Aggelos Tsakanikas, 2017. "Drivers of high-quality entrepreneurship: what changes did the crisis bring about?," Small Business Economics, Springer, vol. 48(4), pages 913-930, April.
    15. Thomas Neumann, 2023. "Are greener start-ups of superior quality? The impact of environmental orientation on innovativeness, growth orientation, and international orientation," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-24, December.
    16. Lucio Fuentelsaz & Consuelo González & Juan P. Maícas, 2021. "High-growth aspiration entrepreneurship and exit: the contingent role of market-supporting institutions," Small Business Economics, Springer, vol. 57(1), pages 473-492, June.
    17. Alexander McKelvie & Anna Brattström & Karl Wennberg, 2017. "How young firms achieve growth: reconciling the roles of growth motivation and innovative activities," Small Business Economics, Springer, vol. 49(2), pages 273-293, August.
    18. Alona Martiarena & Jonathan Levie & Susan Marlow & Mark Hart & Karen Bonner, 2023. "A ‘deviant men’ theory of business expectations in nascent entrepreneurs," Small Business Economics, Springer, vol. 61(3), pages 909-930, October.
    19. Lucio Fuentelsaz & Consuelo Gonz�lez-Gil & Juan P. Maicas, 2015. "What determines entepreneurial failure: taking advantage of the institutional context," Documentos de Trabajo dt2015-05, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    20. José Pedro Carreón-Gutiérrez & José Manuel Saiz-Álvarez, 2019. "Opportunity Motivation and Growth Aspirations of Mexican Entrepreneurs: The Moderating Role of the Household Income," Sustainability, MDPI, vol. 11(22), pages 1-15, November.
    21. José Pedro Carreón-Gutiérrez & José Manuel Saiz-Álvarez, 2019. "Product Newness, Low Competition, Recent Technology, and Export Orientation as Predictors for Entrepreneurial Growth Aspirations," Sustainability, MDPI, vol. 11(20), pages 1-20, October.
    22. Jolanda Hessels & Brigitte Hoogendoorn & Peter van der Zwan & Nardo de Vries, 2013. "Global Entrepreneurship Monitor The Netherlands 2012," Scales Research Reports H201314, EIM Business and Policy Research.

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