How Entrepreneurial Characteristics Influence Company Creation: A Cross-National Study of 22 Countries Tested with Panel Data Methodology

This study analyzes, from a multicountry perspective, the influence of the sociodemographic profiles of nascent and new entrepreneurs on their behavior. The panel data-based research approach combines temporal series and cross-sectional data to assess entrepreneurial activities across 22 countries w...

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Bibliographic Details
Published in:Journal of business economics and management 2011, Vol.12 (3), p.529-545
Main Authors: Martínez-Ruiz, María Pilar, Valencia-De-Lara, Pilar, Álvarez-Herranz, Agustín
Format: Article
Language:English
Subjects:
Economy
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Summary:This study analyzes, from a multicountry perspective, the influence of the sociodemographic profiles of nascent and new entrepreneurs on their behavior. The panel data-based research approach combines temporal series and cross-sectional data to assess entrepreneurial activities across 22 countries with varying income levels. The results show that entrepreneurs' characteristics influence entrepreneurial behavior significantly and positively, in the following order: previous experience of the founder, age, and education. These findings suggest valid recommendations for stimulating entrepreneurship, both for enterprising business founders and for the institutions responsible for designing economic and regional development policies.
ISSN:1611-1699
DOI:10.3846/16111699.2011.599409