Entrepreneurial motives and performance: Why might better educated entrepreneurs be less successful?
AbstractIn a sample of newly created French firms, the impact of an entrepreneurís education on the firm's survival varies widely depending on his previous labor market situation. While it is strongly positive for the overall population, it is much weaker or insignificant for entrepreneurs who were previously unemployed or poorly matched. Our theoretical entrepreneurship model shows that these differences may be attributed to differences in unobserved human capital for better educated entrepreneurs across different initial states in the labor market. Empirical results are consistent with the theory if employers have limited information about potential entrepreneurs'human capital.
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entrepreneurial choice ; labor market ; human capital ; firm survival;
Other versions of this item:
- Arnab Bhattacharjee & Jean Bonnet & Nicolas Le Pape & Régis Renault, . "Entrepreneurial motives and performance: Why might better educated entrepreneurs be less successful?," Papers 2010-9, TEPP Working Papers.
- C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
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