Estrin, S.; Korosteleva, J.; Mickiewicz, T.; (2009) Better means more: property rights and high-growth aspiration entrepreneurship. (IZA Discussion Papers 4396). Institut zur Zukunft der Arbeit (IZA): Bonn, Germany.

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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.

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