What are the significant determinants of entrepreneurship?
In this paper, we use data from the OECD structural and demographic business statistics database and the entrepreneurship indicators programme to test the impact of a broad set of cultural, institutional, and economic determinants on the birth of new enterprises, the death rate of enterprises, and a net and gross measure of the two. We find that while all determinant categories exhibit some degree of explanatory power, the categories of access to knowledge, entrepreneurial capabilities and access to finance rank highest as determinants of entrepreneurial activity. Copyright
|Keywords||Entrepreneurship, Finance, Informational asymmetries, Principal component analysis, Regulatory environment, Small business|
|Journal||International Journal of Entrepreneurship and Small Business|
Ferris, J.S, & Voia, M.-C. (2012). What are the significant determinants of entrepreneurship?. International Journal of Entrepreneurship and Small Business, 17(4), 415–454. doi:10.1504/IJESB.2012.050163