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

  • Estrin, Saul

    ()

    (London School of Economics)

  • Korosteleva, Julia

    ()

    (University College London)

  • Mickiewicz, Tomasz

    ()

    (Aston University)

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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Length: 32 pages
Date of creation: Sep 2009
Handle: RePEc:iza:izadps:dp4396
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