Download or read book Selection Into Entrepreneurship and Self Employment written by Ross Levine and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the effects of ability and liquidity constraints on entrepreneurship. We develop a three sector Roy model that differentiates between entrepreneurs and other self-employed to address puzzling gaps that have emerged between theory and evidence on entry into entrepreneurship. The model predicts--and the data confirm--that entrepreneurs are positively selected on highly-remunerated human capital, but other self-employed are negatively selected on those same abilities; entrepreneurs are positively selected on collateral, but other self-employed are not; and entrepreneurship is procyclical, but self-employment is countercyclical.

Download or read book The Economics of Self Employment and Entrepreneurship written by Simon C. Parker and published by Cambridge University Press. This book was released on 2004-02-19 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: As self-employment and entrepreneurship become increasingly important in our modern economies, Simon C. Parker provides a timely, definitive and comprehensive overview of the field. In this book he brings together and assesses the large and disparate literature on these subjects and provides an up-to-date overview of new research findings. Key issues addressed include: the impact of ability, risk, personal characteristics and the macroeconomy on entrepreneurship; issues involved in raising finance for entrepreneurial ventures, with an emphasis on the market failures that can arise as a consequence of asymmetric information; the job creation performance of the self-employed; the growth, innovation and exit behaviour of new ventures and small firms; and the appropriate role for governments interested in promoting self-employment and entrepreneurship. This book will serve as an essential reference guide to researchers, students and teachers of entrepreneurship in economics, business and management and other related disciplines.

Download or read book Selection Into Entrepreneurship and Self Employment written by and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book International Differences in Entrepreneurship written by Josh Lerner and published by University of Chicago Press. This book was released on 2010-06-15 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: Often considered one of the major forces behind economic growth and development, the entrepreneurial firm can accelerate the speed of innovation and dissemination of new technologies, thus increasing a country's competitive edge in the global market. As a result, cultivating a strong culture of entrepreneurial thinking has become a primary goal throughout the world. Surprisingly, there has been little systematic research or comparative analysis to show how the growth of entrepreneurship differs among countries in various stages of development. International Differences in Entrepreneurship fills this void by explaining how a country's institutional differences, cultural considerations, and personal characteristics can affect the role that entrepreneurs play in its economy. Developing an understanding of the origins of entrepreneurs as well as the choices they make and the complexity of their activities across countries and industries are of central importance to this volume. In addition, contributors consider how environmental factors of individual economies, such as market regulation, government subsidies for banks, and support for entrepreneurial culture affect the industry and the impact that entrepreneurs have on growth in developing nations.

Download or read book Self Employed written by Joel Comm and published by Morgan James Publishing. This book was released on 2017-06-09 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two successful entrepreneurs offer a no-nonsense guide to the qualities that make people suited to starting their own businesses. In today’s world of startup companies, entrepreneurs are disrupting industries and fueling the economy like never before. It’s an exciting life where no day is quite like the next. But along with the adventure comes a lot of uncertainty, and not everyone is suited to the entrepreneurial life. So, what does it take? In Self Employed, Joel Comm and John Rampton detail 50 different qualities found in people who could do well as entrepreneurs. Having started, managed, and sold several multimillion-dollar businesses, Comm and Rampton understand what it takes to succeed in this highly competitive realm. The 50 qualities they outline provide a framework for anyone to decide if they might make it in business on their own. If you’re wondering whether the entrepreneurial lifestyle is right for you, or you want to know for sure that the business you’ve already started is suited to your temperament, this book is for you!

Download or read book Entrepreneurship from Scratch written by John S. Earle and published by . This book was released on 1999 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book By Choice and by Necessity written by David N. Margolis and published by . This book was released on 2014 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over half of all workers in the developing world are self-employed. Although some self-employment is chosen by entrepreneurs with well-defined projects and ambitions, roughly two thirds results from individuals having no better alternatives. The importance of self-employment in the overall distribution of jobs is determined by many factors, including social protection systems, labor market frictions, the business environment, and labor market institutions. However, self-employment in the developing world tends to be low productivity employment, and as countries move up the development path, the availability of wage employment grows and the mix of jobs changes.

Download or read book Unemployment to Self Employment and Beyond written by Umasuthan Kaloo PhD and published by Partridge Publishing Singapore. This book was released on 2016-09-14 with total page 662 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is aimed at individuals who are either denied jobs of their choice or find that working for others is not for them. One option open to all of them is self-employment. This becomes workable only if the dormant entrepreneurism present in all nonentrepreneurs can be jolted out of its slumber to set them on a path leading to the ranks of entrepreneurs. This is the path of the reluctant entrepreneur. The path will be strewn with obstacles, and success is decided by whether the travelers make the right choices during each of the three major stages of their journey. The three major stages are start, growth, and exit. The first and most important success factor is to start right. The second success factor is to continuously adjust to a changing market. The third key success factor is to decide how the travelers wish to exitwhether to cash out and retire rich or to leave a legacy to be remembered by. This book presents the many options available for each major stage and discusses the key factors to focus on for success. A number of carefully selected case studies are included to show why some travelers are successful.

Download or read book Entrepreneurship and New Firm written by David J. Storey and published by Routledge. This book was released on 2016-07-22 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, originally published in 1982, review the resurrection of the small firm, partly by a multi-disciplined examination of the existing literature on small and new firms and partly by reporting the results of a study of firms new (in the early 1980s) to the North East of England. Part 1 deals with the role of small firms as sources of potential or actual competition, and their role in research and innovation. In Part 2 the theoretical foundations for the study of entrepreneurs and their new firms are laid, using concepts from a cross-section of the social sciences. Part 3 tests some of the theories outlined in Part 2 and reviews the problems which the entrepreneurs faced in starting and developing their business and the impact which such businesses had upon the local economy. Part 4 reviews the lessons of the preceding parts in the context of the regional and national economy of the UK.

Download or read book The Self Employed Life written by Jeffrey Shaw and published by Page Two. This book was released on 2021-05-04 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Caught between entrepreneurship and small business, self-employed people often feel overlooked and left out. Host of the The Self-Employed Life podcast, Jeffrey Shaw believes that as we develop ourselves, we raise the bar - we're capable of even more success. This book is all about creating the environment, the Self-Employed Ecosystem, to attract the success you want. Shaw plots a path forward for the solopreneur who knows that small is better. He shows you how you can set up your environment to create the success you want.

Download or read book Essays on Entrepreneurship and Education written by Christopher J. Youderian and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The first essay tests whether the returns to education are different between entrepreneurs and regular employees. If the signaling model of education is correct, entrepreneurs should receive lower returns from education (relative to employees) because they have no need to signal their productivity to an employer. However, this result should only hold if the researcher is able to control for selection into self-employment and the endogeneity of education. This is illustrated using a stylized model of signaling. The relationship between self-employment and the returns to education is tested using data from the 1996 Survey of Income and Program Participation. This rich panel dataset makes it possible to control for many business-specific characteristics, like business equity, that have been previously unaccounted for in the literature. Ordinary least squares regressions find the correlation between education and earnings to be weaker for entrepreneurs. To control for selection, I utilize a Heckman selection model using spousal health insurance and housing equity as instruments. It shows that selection biases downward the correlation between education and income for entrepreneurs. Finally, a fixed effects model is employed to control for any time invariant unobserved heterogeneity. This approach indicates that education is as valuable, if not more valuable, to entrepreneurs as it is to employees. This does not support the signaling hypothesis. The finding is robust to different measures of entrepreneurial earnings. The second essay explores whether unemployed workers make successful transitions into self-employment. It is well established that unemployed workers are more likely to transition into self-employment than individuals coming from paid employment. A growing body of literature suggests that these formerly unemployed entrants tend to exit self-employment earlier than typical entrants. It is tempting to attribute this result to differences in ability between the two groups. However, using an adapted version of Frank (1988)'s Intertemporal Model of Industrial Exit, I show that this is not the case. In this model, entrants to self- employment receive noisy information about their true entrepreneurial ability from their earnings in the market. I show that low ability entrants to entrepreneurship should be no more likely to exit self-employment than high ability entrants to self-employment. This is because although low ability entrants will earn less as entrepreneurs, their outside wage in paid employment will also be proportionately lower. Survival in self-employment, therefore, is a function of how initial expectations match reality. This leads me to suggest that the high exit rates out of self-employment for the formerly unemployed may be because this group systematically overestimates their entrepreneurial ability at entry. This hypothesis is justified by evidence from the psychology literature that low ability individuals tend to overestimate their performance. Duration analysis on data from the 1996 and 2001 panels of the Survey of Income and Program Participation confirms that the formerly unemployed are more likely to exit self-employment. I also find preliminary evidence consistent with the hypothesis that the unemployed overestimate their likelihood of success in self-employment. These findings should give policymakers pause before incentivicing the unemployed to enter self-employment.

Download or read book The Right Stuff Personality and Entrepreneurship written by Barton H. Hamilton and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We construct a structural model of entry into self-employment to evaluate the impact of policies supporting entrepreneurship. Previous work has recognized that workers may opt for self-employment due to the non-pecuniary benefits of running a business and not necessarily because they are good at it. Other literature has examined how socio-emotional skills, such as personality traits, affect selection into self-employment. We link these two lines of inquiry. The model we estimate captures three factors that affect selection into self-employment: credit constraints, relative earnings and preferences. We incorporate personality traits by allowing them to affect sector-specific earnings as well as preferences. The estimated model reveals that the personality traits that make entrepreneurship profitable are not always the same traits driving people to open a business. This has important consequences for entrepreneurship policies. For example, subsidies for small businesses do not attract talented-but-reluctant entrepreneurs, but instead attract individuals with personality traits associated with strong preferences for running a business and low-quality business ideas.

Download or read book Self employment Dynamics and the Returns to Entrepreneurship written by Eleanor W. Dillon and published by . This book was released on 2016 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small business owners and others in self-employment have the option to transition to paid work. If there is initial uncertainty about earnings in entrepreneurship, this option increases the expected lifetime value of entering self-employment relative to expected pay in a single year. This paper first documents that moves between paid work and self-employment are common and consistent with experimentation to learn about entrepreneurial earnings. This pattern motivates estimating the expected returns to entering self-employment within a dynamic life-cycle model that allows for non-random selection in and out of self-employment and gradual learning about the entrepreneurial earnings process. The model accurately fits entry patterns into self-employment by age, with returns to entrepreneurship varying over the lifecycle. The pre-tax lifetime value of self-employment is positive at the median. The option to return to paid work is large enough to reverse the result from cross-sectional studies that the median man expects to earn significantly less from self-employment. However, after accounting for progressive taxation and the additional employer portion of the payroll tax assessed on the self-employed, the median lifetime after-tax earnings gap between self-employment and paid work is approximately zero.

Download or read book A Selection Based Theory of the Transition from Employment to Entrepreneurship written by Simon C. Parker and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Economics of Small Firms written by Stephen Ackermann and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Entrepreneurship Education and Training Programs around the World written by Alexandria Valerio and published by World Bank Publications. This book was released on 2014-05-06 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: Entrepreneurship has attracted global interest for its potential to catalyze economic and social development. Research suggesting that certain entrepreneurial mindsets and skills can be learned has given rise to the field of entrepreneurship education and training (EET). Despite the growth of EET, global knowledge about these programs and their impact remains thin. In response, this study surveys the available literature and program evaluations to propose a Conceptual Framework for understanding the EET program landscape. The study finds that EET today consists of a heterogeneous mix of programs that can be broken into two groups: entrepreneurship education and entrepreneurship training. These programs target a range of participants: secondary and post-secondary education students, as well as potential and practicing entrepreneurs. The outcomes measured by program evaluations are equally diverse but generally fall under the domains of entrepreneurial mindsets and capabilities, entrepreneurial status, and entrepreneurial performance. The dimensions of EET programs vary according the particular target group. Programs targeting secondary education students focus on the development of foundational skills linked to entrepreneurship, while post-secondary education programs emphasize skills related to strategic business planning. Programs targeting potential entrepreneurs generally are embedded within broader support programs and tend to target vulnerable populations for whom employment alternatives may be limited. While programs serving practicing entrepreneurs focus on strengthening entrepreneurs knowledge, skills and business practices, which while unlikely to transform an enterprise in the near term, may accrue benefits to entrepreneurs over time. The study also offers implications for policy and program implementation, emphasizing the importance of clarity about target groups and desired outcomes when making program choices, and sound understanding of extent to which publicly-supported programs offer a broader public good, and compare favorably to policy alternatives for supporting the targeted individuals as well as the overall economic and social objectives.

Download or read book How to Become Successfully Self employed written by Brian R. Smith and published by Adams Media Corporation. This book was released on 1993 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: At one time or another, just about everyone has thought of going into business for themselves. No boss to impress, no time-clock to punch, and the only deadline to meet is the one you set. But what about the legal issues? How much money is necessary to get started? How do you get financing? What will the effect be on your yearly tax bill? Brian R. Smith's How to Become Successfully Self-Employed answers all the questions, helps streamline the decision-making process, and removes the myths associated with self-employment. It includes: - Business plan development - Financing your business - Business and franchise purchases - Marketing - Administrative matters - Problem solving - Personnel management - And more!