Entrepreneurial Growth Aspirations In Innovation-Driven Economies: Evidence of 19 Countries in GEM 2007
Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
The purpose of the thesis is to examine the determinants of entrepreneurial growth aspiration in innovation-driven countries. Growth aspirations are measured by the percentage of total early-stage entrepreneurial activity (TEA) who expect to employ at least five employees five years from now. The higher growth aspiration could encourage employment and create more jobs. This paper means to find the factors positively affecting the growth aspiration of entrepreneurs and make efforts to schemes from policy makers. The dataset are from Adult Population Survey (APS) in Global Entrepreneurship Monitor (GEM) in 2007. Analysis of the factors to dependent variable are classified into three level: individual level, firm level and national level. The 17 explanatory variables includes personal information like gender, age, fear of failure and social network , industry category with or without high technology and innovation and evaluation of each nation to entrepreneurs and distribution of wealth. The logit regression model is used for the empirical analysis and all of the variables except the age variable are transferred into dummy variables. The results show that full-time business owners have more motivation to hire more labor than part-time entrepreneurs, and previous skills and knowledge are important to growth aspirations. In the view of industry level, entrepreneurial aspiration favors the ones in manufacturing industry and service industry excluding the agriculture sector. Generally the firms having more overseas customers and international market have larger potential to expand firm scale. The society that think highly of entrepreneurs and persons there receiving high social status from growing business also encourage this aspiration a lot. Among the 19 innovation-driven economies, Sweden, Denmark, Japan, Israel, Iceland and Portugal have higher percentage of growth expectation in early-stage entrepreneurial activity.
Place, publisher, year, edition, pages
2012. , 37 p.
early-stage entrepreneur, entrepreneurial growth aspiration, Global Entrepreneurship Monitor, Logit regression
Economics and Business
IdentifiersURN: urn:nbn:se:kth:diva-143916OAI: oai:DiVA.org:kth-143916DiVA: diva2:709617