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Better Means More: Property Rights and High-Growth Aspiration Entrepreneurship

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Author Info
Estrin, Saul () (London School of Economics)
Korosteleva, Julia () (University College London)
Mickiewicz, Tomasz () (University College London)
Abstract

This paper contrasts the determinants of entrepreneurial entry and high-growth aspiration entrepreneurship. Using the Global Entrepreneurship Monitor (GEM) surveys for 42 countries over the period 1998-2005, we analyse how institutional environment and entrepreneurial characteristics affect individual decisions to become entrepreneurs and aspirations to set up high-growth ventures. We find that institutions exert different effects on entrepreneurial entry and on the individual choice to launch high-growth aspiration projects. In particular, a strong property rights system is important for high-growth aspiration entrepreneurship, but has less pronounced effects for entrepreneurial entry. The availability of finance and the fiscal burden matter for both.

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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 4396.

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Date of creation: Sep 2009
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Handle: RePEc:iza:izadps:dp4396

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Related research
Keywords: entrepreneurship; high-growth aspiration entrepreneurship; start-ups; property rights;

Find related papers by JEL classification:
D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages
J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
K11 - Law and Economics - - Basic Areas of Law - - - Property Law
L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
P51 - Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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This page was last updated on 2009-11-23.


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