Business experience and start-up size: buying more lottery tickets next time around?

This paper explores the determinants of start-up size by focusing on a cohort of 6247 businesses that started trading in 2004, using a unique dataset on customer records at Barclays Bank. Quantile regressions show that prior business experience is significantly related with start-up size, as are a number of other variables such as age, education and bank account activity. Quantile treatment effects (QTE) estimates show similar results, with the effect of business experience on (log) start-up size being roughly constant across the quantiles. Prior personal business experience leads to an increase in expected start-up size of about 50%. Instrumental variable QTE estimates are even higher, although there are concerns about the validity of the instrument

Consumers' attitude towards e-commerce in Post-Olympics Greece

Item does not contain fulltextThis research was undertaken in Greece immediately following the 2004 Olympic Games, prior to which and during the games, the Greek population had sustained exposure to modern technologies including the Internet. This was an opportune and perhaps unique moment to determine if the Greek population was indulging in e-commerce and the factors that influenced such form of Internet shopping. We wanted to determine how the Greeks who were culturally different from say the Nordic peoples of Europe (in whose countries Internet penetration was substantially higher) would perceive e-commerce, whether they were prepared to undertake Internet shopping, whether trust was a factor in a form of shopping in which buyer and seller do not see each other, or even the product involved in the transaction, where payment had to be made well in advance of receiving the goods. A questionnaire containing 79 questions and statements was randomly distributed to 600 people in eight of the largest cities in Greece. The data obtained from 469 competed questionnaires was analyzed. The results lent support to fifteen hypotheses, of which six are presented in this paper

Some factors influencing Adoption of e-Commerce in Greece

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