The Entrepreneurial Ladder and Its Determinants

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Provided by: EIM Business & Policy Research
Format: PDF
The authors test a new model where the entrepreneurial decision is described as a process of successive engagement levels, i.e., as an entrepreneurial ladder. Five levels are distinguished using nearly 12,000 observations from the 2004 \"Flash Eurobarometer survey on Entrepreneurship\" covering the 25 European Union member states and the United States. The most surprising of the many results is that perception of lack of financial support is no obstacle for moving to a higher entrepreneurial engagement level whereas perceived administrative complexity is a significant obstacle.
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