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Economics Perspectives on the Entrepreneurial Decision

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  • Daniela Grieco

Abstract

The pervasiveness of the entrepreneurial phenomenon draws scholars’ attention to what determines the decision to become an entrepreneur. Entrepreneurial decisions imply judgemental decisions. Different approaches in economics conceive such judgemental decisions as firm entry, or real investment in the creation of a new business, or making a career choice in favour of a particular type of self-employment. In this paper, the literature on entrepreneurs’ features, motives, and markets is enriched with theoretical and empirical results from industrial organization, financial economics, and labour economics.

Suggested Citation

  • Daniela Grieco, 2012. "Economics Perspectives on the Entrepreneurial Decision," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 19(3), pages 451-467, November.
    • Handle: RePEc:taf:ijecbs:v:19:y:2012:i:3:p:451-467
    DOI: 10.1080/13571516.2012.716218
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    References listed on IDEAS

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    1. Huisman, K.J.M. & Kort, P.M. & Pawlina, G. & Thijssen, J.J.J., 2003. "Strategic Investment Under Uncertainty : Merging Real Options with Game Theory," Discussion Paper 2003-6, Tilburg University, Center for Economic Research.
    2. Evan J. Douglas & Dean A. Shepherd, 2002. "Self-Employment as a Career Choice: Attitudes, Entrepreneurial Intentions, and Utility Maximization," Entrepreneurship Theory and Practice, , vol. 26(3), pages 81-90, April.
    3. David B. Audretsch, 1995. "Innovation and Industry Evolution," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011468, December.
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