Skills, Scope, and Success: An Empirical Look at the Start-up Process in Creative Industries in Germany

Karsten Kohn and Solvejg A. Wewel ()
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Solvejg A. Wewel: Boston College

No 11650, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Creative industries comprise enterprises focusing on the creation, production, and distribution of creative or cultural goods and services. Following an explorative empirical approach, we analyze start-ups in creative industries regarding three issues along the start-up process: (1) personal characteristics of creative entrepreneurs, (2) their use of labor and capital as input factors, and (3) start-up success as measured by start-up survival, degree of innovativeness, and change in household income. Based on individual-level data from the KfW Start-up Monitor, a large-scale survey on entrepreneurship in Germany, our regression results show that entrepreneurs in creative industries tend to be younger and better educated than entrepreneurs in other economic sectors. Businesses in creative industries are prevalently started on a small scale, as part-time occupations, and with less financial resources. Yet they show a higher persistence and an above-average degree of innovativeness.

Keywords: creative industries; cultural industries; entrepreneurship; business start-ups; start-up decision; start-up success; innovation (search for similar items in EconPapers)
JEL-codes: J21 L26 M13 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2018-06
New Economics Papers: this item is included in nep-cul, nep-ent, nep-eur and nep-lma
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Published - published in: Creativity and Innovation Management, 2018, 27 (3), 295-318

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