Advanced Search
MyIDEAS: Login to save this paper or follow this series

The Determinants of the Growth Expectations of Turkish Entrepreneurs in the Way up the Entrepreneural Ladder Using Ordinal Logistic Model (OLM)

Contents:

Author Info

  • Ozcam, Ahmet
  • Karadeniz, Esra
Registered author(s):

    Abstract

    Given the increasing importance of entrepreneurship in job creation, innovation and economic growth, we try to inquire into the question of why some of the entrepreneurs and not the others expect a rapid development of their ventures. This study uses the Ordinal Logistic Model (OLM) to analyze the determinants of the growth expectations of Turkish nascent, baby and established entrepreneurs, expressed in terms of new jobs to be created within their firms. The OLM procedure allows to compute a probability distribution of growth expectations in four categories given the demographic, perceptual characteristics of these entrepreneurs, and the distinctive traits of their businesses. The data from the Global Entrepreneurship Monitor (GEM) for the years 2006-2008 for Turkey were employed. The growth expectations of Turkish business owners are found to decrease as they mature in the entrepreneurial course. Overall, while both demographic and perceptual characteristics seem to affect firm growth expectations of nascent Turkish entrepreneurs, only demographic variables appear to influence similar expectations of baby Turkish business owners. For established Turkish entrepreneurs, firm’s size is predominantly important.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://mpra.ub.uni-muenchen.de/49908/
    File Function: original version
    Download Restriction: no

    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 49908.

    as in new window
    Length:
    Date of creation: 2012
    Date of revision:
    Publication status: Published in International Journal of Economic Perspectives 2.6(2012): pp. 140-168
    Handle: RePEc:pra:mprapa:49908

    Contact details of provider:
    Postal: Schackstr. 4, D-80539 Munich, Germany
    Phone: +49-(0)89-2180-2219
    Fax: +49-(0)89-2180-3900
    Web page: http://mpra.ub.uni-muenchen.de
    More information through EDIRC

    Related research

    Keywords: Entrepreneurial growth expectations; Nascent; baby and established entrepreneurs; Ordinal logistic model.;

    Find related papers by JEL classification:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Joachim Wagner & Rolf Sternberg, 2004. "Start-up activities, individual characteristics, and the regional milieu: Lessons for entrepreneurship support policies from German micro data," The Annals of Regional Science, Springer, vol. 38(2), pages 219-240, 06.
    2. Ingrid Verheul & Linda van Mil, 2008. "What Determines the Growth Ambition of Dutch Early-Stage Entrepreneurs?," Scales Research Reports H200811, EIM Business and Policy Research.
    3. André van Stel & Roy Thurik & David Audretsch & Martin Carree, 2005. "Does Self-Employment Reduce Unemployment?," Scales Research Reports N200504, EIM Business and Policy Research.
    4. Fuks, Mauricio & Salazar, Esther, 2008. "Applying models for ordinal logistic regression to the analysis of household electricity consumption classes in Rio de Janeiro, Brazil," Energy Economics, Elsevier, vol. 30(4), pages 1672-1692, July.
    5. Johan Wiklund & Dean Shepherd, 2003. "Aspiring for, and Achieving Growth: The Moderating Role of Resources and Opportunities," Journal of Management Studies, Wiley Blackwell, vol. 40(8), pages 1919-1941, December.
    6. Harris, Mark N. & Zhao, Xueyan, 2007. "A zero-inflated ordered probit model, with an application to modelling tobacco consumption," Journal of Econometrics, Elsevier, vol. 141(2), pages 1073-1099, December.
    7. David Smallbone & Robert Baldock & Steven Burgess, 2002. "Targeted support for high-growth start-ups: some policy issues," Environment and Planning C: Government and Policy, Pion Ltd, London, vol. 20(2), pages 195-209, April.
    8. Pia Arenius & Maria Minniti, 2005. "Perceptual Variables and Nascent Entrepreneurship," Small Business Economics, Springer, vol. 24(3), pages 233-247, 02.
    9. Becker, William E. & Kennedy, Peter E., 1992. "A Graphical Exposition of the Ordered Probit," Econometric Theory, Cambridge University Press, vol. 8(01), pages 127-131, March.
    10. Poh Wong & Yuen Ho & Erkko Autio, 2005. "Entrepreneurship, Innovation and Economic Growth: Evidence from GEM data," Small Business Economics, Springer, vol. 24(3), pages 335-350, 01.
    11. Cassar, Gavin, 2006. "Entrepreneur opportunity costs and intended venture growth," Journal of Business Venturing, Elsevier, vol. 21(5), pages 610-632, September.
    12. Cooper, Arnold C. & Gimeno-Gascon, F. Javier & Woo, Carolyn Y., 1994. "Initial human and financial capital as predictors of new venture performance," Journal of Business Venturing, Elsevier, vol. 9(5), pages 371-395, September.
    13. Davidsson, Per, 1989. "Entrepreneurship -- And after? A study of growth willingness in small firms," Journal of Business Venturing, Elsevier, vol. 4(3), pages 211-226, May.
    14. Kolvereid, Lars, 1992. "Growth aspirations among Norwegian entrepreneurs," Journal of Business Venturing, Elsevier, vol. 7(3), pages 209-222, May.
    15. Jolanda Hessels & Marco Gelderen & Roy Thurik, 2008. "Entrepreneurial aspirations, motivations, and their drivers," Small Business Economics, Springer, vol. 31(3), pages 323-339, October.
    16. Polona Tominc & Miroslav Rebernik, 2007. "Growth Aspirations and Cultural Support for Entrepreneurship: A Comparison of Post-Socialist Countries," Small Business Economics, Springer, vol. 28(2), pages 239-255, March.
    17. Friar, John H & Meyer, Marc H, 2003. " Entrepreneurship and Start-Ups in the Boston Region: Factors differentiating High-Growth Ventures from Micro-ventures," Small Business Economics, Springer, vol. 21(2), pages 145-52, September.
    18. Gavin Cassar, 2007. "Money, money, money? A longitudinal investigation of entrepreneur career reasons, growth preferences and achieved growth," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 19(1), pages 89-107, January.
    19. Siri Terjesen & László Szerb, 2008. "Dice thrown from the beginning? An empirical investigation of determinants of firm level growth expectations," Estudios de Economia, University of Chile, Department of Economics, vol. 35(2 Year 20), pages 153-178, December.
    20. Paul Reynolds & Niels Bosma & Erkko Autio & Steve Hunt & Natalie De Bono & Isabel Servais & Paloma Lopez-Garcia & Nancy Chin, 2005. "Global Entrepreneurship Monitor: Data Collection Design and Implementation 1998–2003," Small Business Economics, Springer, vol. 24(3), pages 205-231, 02.
    21. Jung, Tae Yong, 1993. "Ordered logit model for residential electricity demand in Korea," Energy Economics, Elsevier, vol. 15(3), pages 205-209, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:49908. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.