Necessity and Opportunity Entrepreneurs in Germany: Characteristics and Earning s Differentials
Joern Block and
Marcus Wagner ()
Schmalenbach Business Review (sbr), 2010, vol. 62, issue 2, 154-174
In this paper we discuss necessity and opportunity entrepreneurship. We use panel data to analyze how these two types of entrepreneurs differ in general, and in their ability to discover and exploit entrepreneurial opportunities. We find that the opportunities exploited by opportunity entrepreneurs are generally more profitable than are those exploited by necessity entrepreneurs. We also find that the determinants of success differ to a strong degree. Standard wage equations seem to work better for opportunity than for necessity entrepreneurs. Our findings indicate a need to distinguish between the two groups in entrepreneurship theory and practice.
Keywords: Earnings Equation; Necessity Entrepreneurship; Opportunity Discovery; Opportunity Entrepreneurship; Opportunity Exploitation. (search for similar items in EconPapers)
JEL-codes: C23 J23 J24 J31 M13 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (104) Track citations by RSS feed
Downloads: (external link)
Working Paper: Necessity and Opportunity Entrepreneurs in Germany: Characteristics and Earnings Differentials (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:sbr:abstra:v:62:y:2010:i:2:p:154-174
Access Statistics for this article
Schmalenbach Business Review (sbr) is currently edited by Wolfgang Ballwieser
More articles in Schmalenbach Business Review (sbr) from LMU Munich School of Management Contact information at EDIRC.
Bibliographic data for series maintained by sbr ( this e-mail address is bad, please contact ).