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Business Creation Stability - Why is it So Hard to Increase Entrepreneurship? (Paperback)
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Business Creation Stability - Why is it So Hard to Increase Entrepreneurship? (Paperback)
Series: Foundations and Trends in Entrepreneurship
Expected to ship within 10 - 15 working days
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While much attention has been given to the dramatic global
diversity in business creation-some countries have over ten times
the activity of others-there has been less attention to the year to
year consistency found in individual countries. This stability has
occurred despite considerable government efforts in many countries
to increase the level of activity. This leads to a major question:
What accounts for the high level of temporal stability in business
creation? The answer can be found in Business Creation Stability
and has considerable implications for policies oriented toward
increasing new firm creation. There has been research studying the
level of business creation stability across regions within
countries including the United States, the United Kingdom and
Germany, and in all three cases, regions at the top and the bottom
of the rank orders appear in the same positions over time. This
pattern suggests that some stable national characteristics-or basic
institutional features-are affecting individual decisions to
participate in the firm creation process. The central challenge,
then, is how to identify national factors that are both relatively
stable and likely to have a major effect on decisions to
participate in business creation. Business Creation Stability
presents a conceptual model and strategy for assessment of this
phenomenon. The final result is a more complete understanding of
both the critical national features and the underlying processes
affecting participation in business creation. The major policy
implication that substantial increases in business creation will
require a sustained multi-faceted approach is discussed in the
conclusion.
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