I Can’t Get No Satisfaction - Necessity Entrepreneurship and Procedural Utility
AbstractWe study a unique sample of 1,547 nascent entrepreneurs in Germany and analyze which factors are associated with their start-up satisfaction. Our results identify a group of nascent entrepreneurs that “cannot get satisfaction” with their start-up because they did not choose to become entrepreneurs out of free will, but out of long-term unemployment or a lack of better employment alternatives. Overall, financial success is the most important determinant of start-up satisfaction. Yet, achievement of independence and creativity is also highly important, a finding that emphasizes the economic relevance of procedural utility and non-financial incentives.
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Bibliographic InfoPaper provided by Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam in its series ERIM Report Series Research in Management with number ERS-2008-051-ORG.
Date of creation: 20 Aug 2008
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entrepreneurship; necessity entrepreneurship; procedural utility; satisfaction; unemployment;
Other versions of this item:
- Joern Block & Philipp Koellinger, 2009. "I Can't Get No Satisfaction-Necessity Entrepreneurship and Procedural Utility," Kyklos, Wiley Blackwell, vol. 62(2), pages 191-209, 04.
- Joern Block & Philipp Koellinger, 2008. "I can't get no Satisfaction - Necessity Entrepreneurship and Procedural Utility," Tinbergen Institute Discussion Papers 08-078/3, Tinbergen Institute.
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
- M - Business Administration and Business Economics; Marketing; Accounting
- M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
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