New Business Creation

by Reynolds, Paul D.; Curtin, Richard T.

• ISBN13: 9781441975355
• ISBN10: 1441975357
• Format: Hardcover
• Copyright: 2010-11-11
• Publisher: Springer Verlag

Summary

Understanding the origins of new businesses '” the firm creation process'”has been dramatically affected by the development of longitudinal studies of business start-ups. Several projects have been implemented to track the development of new firms, from the emergence of a business idea and organization of a start-up team through the birth of an operational business. The U.S. projects (the first and second Panel Studies of Entrepreneurial Dynamics, known as PSED I and II) have counterparts in a number of other countries: Australia, Canada, China, Latvia, Netherlands (two projects), Norway, and Sweden. These eleven projects in nine countries, implemented over the past decade, are at different stages of development and have been utilized for a wide range of assessments of entrepreneurial and business creation phenomena. This volume presents the state of the art of these international research projects, providing the first in-depth comparison of the firm creation data across a wide range of national contexts. The work will be of great interest to the research community, particularly those developing such projects in their own countries, as well as policy makers and scholars interested in the effect of national context on the business creation process.

Table of Contents

Introduction	p. 1
Introduction	p. 1
Entrepreneurship and Firm Creation	p. 3
Conceptualization of the Entrepreneurial Process	p. 5
Global Comparisons of Stages in the Business Life Course	p. 7
Overview of the Country Studies	p. 11
Conceptual and Operational Definitions	p. 13
Chapter Overviews	p. 21
Commentary	p. 24
References	p. 24
Comprehensive Australian Study of Entrepreneurial Emergence (CAUSEE): Project Presentation and Early Results	p. 27
Introduction	p. 27
Context and Research Team	p. 28
Definitions of Critical Events	p. 29
Methodological Overview	p. 32
Sample Characteristics and Early Results	p. 36
Additional Process Observations	p. 43
A Brief Look at Outcomes	p. 45
Concluding Remarks	p. 49
References	p. 50
The Canadian Panel Study of Entrepreneurial Dynamics	p. 53
Introduction	p. 53
Research Collaboration	p. 54
Conceptual and Operational Definitions of Critical Events	p. 55
Methodological Overview	p. 55
Data Collection	p. 56
Description of the Sample	p. 58
Who Are Canadian Nascent Entrepreneurs?	p. 64
Team Structures	p. 67
Nascent Entrepreneurs and Gender Issues	p. 68
Process	p. 72
Outcome Overview	p. 72
Exploring the Factors Associated with Outcomes	p. 75
Impact of the Project on Policy and Scholarship	p. 90
Appendix	p. 91
References	p. 91
Anatomy of Business Creation in China: Initial Assessment of the Chinese Panel Study of Entrepreneurial Dynamics	p. 95
Introduction	p. 95
Research Context and Team	p. 96
Previous Research and Design Considerations	p. 96
Methodology	p. 102
Entrepreneurs: Number and Characteristics	p. 105
The Start-up Process: What Nascent Entrepreneurs Do?	p. 111
The Outcome: What Types of Firms Are Started?	p. 113
Conclusion	p. 115
References	p. 119
German Panel of Nascent Entrepreneurs	p. 123
Introduction	p. 123
Project Development	p. 123
Intellectual Background and Framework	p. 124
Conceptual and Operational Definitions of Critical Events	p. 126
Methodological Overview	p. 128
Entrepreneurs: How Many and What They Are Like?	p. 133
The Start-up Process	p. 136
Conclusions	p. 140
References	p. 141
Latvia: Panel Study of Entrepreneurial Dynamics Overview	p. 143
Introduction	p. 143
Project Development and Research Team	p. 144
Methodological Overview	p. 145
Characteristics of Nascent Entrepreneurs and their Business Ventures	p. 151
The Start-up Process	p. 158
Outcome Overview	p. 164
Conclusion	p. 171
References	p. 173
New Business Creation in the Netherlands	p. 175
Introduction	p. 175
Program Development and Background	p. 176
Operational Definitions and Methodology	p. 176
Nascent Entrepreneurs in the Netherlands	p. 179
Outcome Overview	p. 186
Discussion and Conclusion	p. 191
References	p. 192
Business Start-up Processes in Norway	p. 195
Introduction	p. 195
Project Development	p. 196
Conceptual and Operational Definitions of Critical Events	p. 196
Methodological Overview	p. 198
Entrepreneurs: How Many Are They and What Are They Like?	p. 202
The Start-up Process and Outcome Overview	p. 204
Conclusions	p. 218
References	p. 221
The Swedish PSED: Performance in the Nascent Venturing Process and Beyond	p. 223
Introduction	p. 223
Project Development and Background	p. 224
Conceptual and Operational Definitions and Critical Events	p. 224
Method	p. 226
The Longitudinal Study	p. 227
"Swedish" Entrepreneurs	p. 230
Who Becomes a Nascent Entrepreneur in Sweden?	p. 232
Gender Differences	p. 234
Nascent Enterprise Profile	p. 236
The Start-up Process	p. 240
Outcomes from the Nascent Venturing Process and Beyond	p. 247
Conclusions from the Swedish PSED	p. 251
References	p. 252
United States: Panel Study of Entrepreneurial Dynamics I, II Overview	p. 255
Introduction	p. 255
Program Development and Background	p. 256
Conceptual and Operational Definitions of Critical Events	p. 258
Methodological Overview	p. 259
Nascent Entrepreneurs: How Many and What They Are Like	p. 264
Who Becomes a Nascent Entrepreneur?	p. 268
Nascent Entrepreneur Profile	p. 269
Nascent Enterprise Profile	p. 276
The Start-up Process	p. 282
Outcome Overview	p. 285
Factors Affecting the Outcome	p. 290
Conclusion	p. 292
References	p. 294
Overview and Commentary	p. 295
Introduction	p. 295
National Longitudinal Studies of Business Creation	p. 296
Selected Empirical Patterns	p. 297
Start-Up Process Outcomes	p. 307
The Impact of National Context	p. 315
Implications for Entrepreneurs and Policy Makers	p. 321
Implications for Future Research	p. 327
References	p. 332
Authors' Biographies	p. 335
Index	p. 341
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