Better means more: property rights and high-growth aspiration entrepreneurship

Saul Estrin, Julia Korosteleva, Tomasz Mickiewicz

Research output: Working paperDiscussion paper

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.
Original languageEnglish
Place of PublicationBonn (DE)
PublisherIZA
Number of pages32
VolumeDP No. 4396
Publication statusPublished - Sep 2009

Publication series

NameIZA discussion paper series
PublisherIZA
No.DP No. 4396

Keywords

  • high-growth aspiration entrepreneurship
  • entrepreneurship
  • start-ups
  • property rights

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  • Research Output

    • 1 Discussion paper

    Which institutions encourage entrepreneurs to create larger firms

    Estrin, S., Korosteleva, J. & Mickiewicz, T., Feb 2011, Bonn (DE): IZA, 41 p. (IZA discussion paper series; no. DP No. 5481).

    Research output: Working paperDiscussion paper

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  • Cite this

    Estrin, S., Korosteleva, J., & Mickiewicz, T. (2009). Better means more: property rights and high-growth aspiration entrepreneurship. (IZA discussion paper series; No. DP No. 4396). IZA. http://ftp.iza.org/dp4396.pdf