1. Persistence in entrepreneurship and its implications for the European entrepreneurial promotion policy.
- Author
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Millán, José María, Congregado, Emilio, and Román, Concepción
- Subjects
- *
ENTREPRENEURSHIP , *EMPLOYEE promotions , *INDUSTRIAL relations , *BUSINESSPEOPLE , *UNEMPLOYMENT - Abstract
Abstract: By considering entrepreneurs who hire employees – employers – and entrepreneurs without personnel – own-account workers – as related but distinct groups within entrepreneurship, this work analyzes the roles of different factors in entrepreneurship survival in Europe from a new perspective: contrasting the determinants of own-account workers’ survival with those affecting employers’ survival in the EU-15. Our results confirm the presence of persistence in entrepreneurship. However, we also obtain a strong negative effect on survival of entering entrepreneurship from unemployment. Hence, policymakers should balance these mixed results to evaluate the medium- and long-term suitability of the existing entrepreneurial promotion policy across European regions. [Copyright &y& Elsevier]
- Published
- 2014
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