Building Winners? An Empirical Evaluation of Public Business Assistance in the Founding Process

Sarah Kösters () and Martin Obschonka ()
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Sarah Kösters: Friedrich-Schiller-University Jena, Department of Economics, Graduate College "The Economics of Innovative Change"
Martin Obschonka: Friedrich-Schiller-University Jena, Department of Developmental Psychology

No 2010-025, Jena Economics Research Papers from Friedrich-Schiller-University Jena

Abstract: This paper investigates economic and subjective effects of public business assistance delivered to nascent entrepreneurs in Germany. Employing cluster analysis, we explore the actual scope and intensity of business assistance used. Then we analyze predictors of take-up and perceived usefulness taking into account the different patterns of utilized assistance. Finally, we assess economic effects by studying subsequent business performance employing propensity score matching. We cannot reveal that business assistance translates into better start-up performance. However, we find that a lack of personal entrepreneurial resources predicts take-up of business assistance in general as well as perceived usefulness of comprehensive business assistance.

Keywords: entrepreneurship; business assistance; policy evaluation; entrepreneurial resources; big five (search for similar items in EconPapers)
JEL-codes: H59 L26 O38 (search for similar items in EconPapers)
Date: 2010-04-08
New Economics Papers: this item is included in nep-ent and nep-sbm
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:jrp:jrpwrp:2010-025

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