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

Self-Employment after Socialism: Intergenerational Links, Entrepreneurial Values, and Human Capital

Drawing on representative household data from the German Socio-Economic Panel, we examine the role of an early precursor of entrepreneurial development - parental role models - for the individual decision to become self-employed in the post-unified Germany. The findings suggest that the socialist regime significantly damaged this mechanism of an intergenerational transmission of entrepreneurial attitudes among East Germans with a tertiary degree that have experienced a particularly strong ideological indoctrination. However, we find a significant and positive relationship between the presence of a parental role model and the decision to become self-employed for less-educated people. For West Germans the positive relationship holds irrespective of the level of education

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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Uncovering the backings to passion: why do small firm owners/managers engage in entrepreneurship?

Abstract This study aimed to uncover the backings to passion that plays a great role on firm’s entrepreneurial engagement. It explores a framework on what other factors determine the individual’s engagement on entrepreneurship. To meet this, data’s were collected from a sample of 112 firms and analyzed using descriptive and hierarchical linear regression analysis. The finding reveals that, Even if passion has a great impact on entrepreneurial engagement; it may not be successful without consideration of both their internal resource and external environments. The presence of human and financial capital as well as government supports intensifies the engagement of firms in entrepreneurship, while the unpredictability of environment hinders the successful practice of entrepreneurship. These are not the only factors that intensify the relationship; therefore, the future research should add other determinants such as technology diffusion and marketing environment and test on longitudinal study to capture the trends of individual firm’s engagement

Entrepreneurial intention of international business students in Viet Nam: a survey of the country joining the Trans-Pacific Partnership

This study aims to investigate entrepreneurial intention among international business students in Viet Nam as it is on the way to approve The Trans-Pacific Partnership (TPP). The theory of planned behavior (TPB) (Ajzen, 1991) is used to assess the determinants of entrepreneurial intention of Vietnamese students who major in international business study. An exploratory factor analysis and multiple regressions are used to examine the responses from 372 final year students. The results confirm that attitude toward entrepreneurship and perceived behavior control are positively related to entrepreneurial intention. Subjective norm fails to generate a significant impact on entrepreneurial intention. Entrepreneurial intention is significantly influenced by two components of TPB model (R² = 0.307) which are attitude toward entrepreneurship (β = 0.292) and perceived behavior control (β = 0.408)