Effects of entrepreneurship education at universities

Viktor Slavtchev, Stavroula Laspita () and Holger Patzelt ()
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Stavroula Laspita: Technical University Munich, TUM School of Management, and EBS European Business School, Chair for Entrepreneurship, Strascheg Institute for Innovation and Entrepreneurship (SIIE)
Holger Patzelt: Technical University Munich, TUM School of Management

No 2012-025, Jena Economics Research Papers from Friedrich-Schiller-University Jena

Abstract: This study analyzes the impact of entrepreneurship education at universities on the intentions of students to become entrepreneurs or self-employed in the short-term (immediately after graduation) and in the long-term (five years after graduation). A difference-in-differences approach is applied that relates changes in entrepreneurial intentions to changes in the attendance of entrepreneurship classes in the same period. To account for a potential bias due to self-selection into entrepreneurship classes, only individuals having no prior entrepreneurial intentions are analyzed. Our results indicate a stimulating effect of entrepreneurship education on students' intentions to become entrepreneurs or self-employed in the long-term but a discouraging effect on their intentions in the short-term. These results support the conjecture that entrepreneurship education provides more realistic perspectives on what it takes to be an entrepreneur, resulting in 'sorting'. Overall, the results indicate that entrepreneurship education may improve the quality of labor market matches, the allocation of resources and talent, and increase social welfare. Not distinguishing between short- and long-term intentions may lead to misleading conclusions regarding the economic and social impact of entrepreneurship education.

Keywords: entrepreneurship education; university; entrepreneurial intentions; academic entrepreneurship; difference-in-differences approach (search for similar items in EconPapers)
JEL-codes: A20 H43 I20 J24 L26 M13 (search for similar items in EconPapers)
Date: 2012-06-05
New Economics Papers: this item is included in nep-cse, nep-edu and nep-lab
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Citations: View citations in EconPapers (5)

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