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The Effects of Entrepreneurship Education

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  • Weber, Richard
  • Graevenitz, Georg von
  • Harhoff, Dietmar

Abstract

Entrepreneurship education ranks highly on policy agendas in Europe and the US, but little research is available to assess its impacts. In this context it is of primary importance to understand whether entrepreneurship education raises intentions to be entrepreneurial generally or whether it helps students determine how well suited they are for entrepreneurship. We develop a theoretical model of Bayesian learning in which entrepreneurship education generates signals which help students to evaluate their own aptitude for entrepreneurial tasks. We derive predictions from the model and test them using data from a compulsory entrepreneurship course at a German university. Using survey responses from 189 students ex ante and ex post, we ?nd that entrepreneurial propensity declined somewhat in spite of generally good evaluations of the class. Our tests of Bayesian updating provide support for the notion that students receive valuable signals and learn about their own type in the entrepreneurship course.

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Bibliographic Info

Paper provided by Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich in its series Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems with number 269.

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Date of creation: Aug 2009
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Handle: RePEc:trf:wpaper:269

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Keywords: entrepreneurship; entrepreneurship education; Bayes’ Rule; learning; signals;

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References

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Citations

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Cited by:
  1. Martin, Bruce C. & McNally, Jeffrey J. & Kay, Michael J., 2013. "Examining the formation of human capital in entrepreneurship: A meta-analysis of entrepreneurship education outcomes," Journal of Business Venturing, Elsevier, vol. 28(2), pages 211-224.
  2. Falck, Oliver & Wößmann, Ludger, 2013. "School competition and students’ entrepreneurial intentions: International evidence using historical Catholic roots of private schooling," Munich Reprints in Economics 20629, University of Munich, Department of Economics.
  3. Rosendahl Huber, Laura & Sloof, Randolph & van Praag, Mirjam, 2012. "The Effect of Early Entrepreneurship Education: Evidence from a Randomized Field Experiment," IZA Discussion Papers 6512, Institute for the Study of Labor (IZA).
  4. Fritsch, Michael, 2013. "New Business Formation and Regional Development: A Survey and Assessment of the Evidence," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 9(3), pages 249-364, February.
  5. repec:dgr:uvatin:2009088 is not listed on IDEAS
  6. Caroline Rizza & Celeste Amorim Varum, 2011. "Directions in entrepreneurship education (EE) in Europe," Investigaciones de Economía de la Educación volume 6, in: Antonio Caparrós Ruiz (ed.), Investigaciones de Economía de la Educación 6, edition 1, volume 6, chapter 32, pages 517-538 Asociación de Economía de la Educación.
  7. Navid Bazzazian & Thomas Åstebro, 2011. "“Universities, Entrepreneurship and Local Economic Development'," ERSA conference papers ersa10p822, European Regional Science Association.
  8. Viktor Slavtchev & Stavroula Laspita & Holger Patzelt, 2012. "Effects of entrepreneurship education at universities," Jena Economic Research Papers 2012-025, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  9. Graevenitz, Georg von & Weber, Richard, 2011. "How to Educate Entrepreneurs?," Discussion Papers in Business Administration 12440, University of Munich, Munich School of Management.
  10. Isidoro Romero & Raluca Mariana Petrescu & Alina Elena Balalia (Iosif), 2011. "Universities as Suppliers of Entrepreneurship Education Services. The Cases of The University of Seville and The Academy of Economic Studies in Bucharest," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 13(30), pages 347-361, June.
  11. Michael Fritsch, 2011. "The effect of new business formation on regional development - Empirical evidence, interpretation, and avenues for further research," Jena Economic Research Papers 2011-006, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  12. Block, J.H. & Thurik, A.R. & van der Zwan, P.W. & Walter, S., 2010. "Business Takeover or New Venture? Individual and Environmental Determinants from a Cross-Country Study," ERIM Report Series Research in Management ERS-2010-042-ORG, 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 Uni.
  13. Åstebro, Thomas & Bazzazian, Navid & Braguinsky, Serguey, 2012. "Startups by recent university graduates and their faculty: Implications for university entrepreneurship policy," Research Policy, Elsevier, vol. 41(4), pages 663-677.

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