OPPORTUNITY RECOGNITION DIFFERENCES BETWEEN BLACK AND WHITE NASCENT ENTREPRENEURS: A TEST OF BHAVE'S MODEL

Robert P. Singh (), Edwin L. Knox and Micah E. S. Crump
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Robert P. Singh: Morgan State University, Earl G. Graves School of Business, 1700 E. Cold Spring Lane, Baltimore, MD 21251, USA
Edwin L. Knox: Morgan State University, Earl G. Graves School of Business, 1700 E. Cold Spring Lane, Baltimore, MD 21251, USA
Micah E. S. Crump: Morgan State University, Earl G. Graves School of Business, 1700 E. Cold Spring Lane, Baltimore, MD 21251, USA

Journal of Developmental Entrepreneurship (JDE), 2008, vol. 13, issue 01, 59-75

Abstract: Examining the opportunity recognition processes of black and white entrepreneurs may help improve the lagging rate of black entrepreneurship. Based on the framework provided by Bhave's (1994) model of new venture creation, and using data collected through the Panel Study of Entrepreneurial Dynamics, we found significant differences between the percentage of black and white nascent entrepreneurs who recognized externally-stimulated versus internally-stimulated opportunities and their projected firm revenues. As predicted, black nascent entrepreneurs were more likely to pursue externally-stimulated opportunities with significantly lower expected revenues than their white counterparts. Academic and practical implications are discussed and future research directions are offered.

Keywords: Black entrepreneurship; African-American entrepreneurship; opportunity recognition; PSED (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (5)

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DOI: 10.1142/S1084946708000855

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