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

Saul Estrin (), Julia Korosteleva () and Tomasz Mickiewicz
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Saul Estrin: London School of Economics
Julia Korosteleva: University College London

No 4396, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: 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.

Keywords: start-ups; high-growth aspiration entrepreneurship; property rights; entrepreneurship (search for similar items in EconPapers)
JEL-codes: D23 D84 G21 J23 J24 K11 L26 P51 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2009-09
New Economics Papers: this item is included in nep-ent and nep-sbm
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Citations: View citations in EconPapers (15)

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