New Firm Creation in the United States: Initial Explorations with the PSED II Data Set / Edition 1

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The study of firm creation is becoming a focal point of business research, education, practice, and policymaking. Currently, it is estimated that 12 million people in the United States are involved in business start-ups; the phenomenon is embedded in the American culture-and in many others around the world. The Panel Study of Entrepreneurial Dynamics (PSED) research program is designed to enhance the scientific understanding of how people start businesses, by gathering and providing primary data on nascent entrepreneurship. The first phase of data collection was undertaken between 1998 and 2000; the second phase, PSED II, with support from the Kauffman Foundation and the U.S. Small Business Administration, was completed in 2006, involving 2,300 variables on a sample of over 1,200 entrepreneurs. The program is now being expanded to other countries. This volume includes contributions from the organizers and advisory board members of the PSED II project, highlighting the key implications and applications of the data. Covering such topics as entrepreneurial behavior, demographic and gender factors, financing the emerging business, ownership arrangements, and the roles of social capital and technology, the information obtained includes data on the nature of those active as nascent entrepreneurs, the activities undertaken during the start-up process, and the characteristics of start-up efforts that become new firms. Including an appendix explaining the data collection procedures, the result is an introduction to the theories, conceptualizations, approaches, and measurement of the business creation process, and a guide for those planning more detailed analysis.

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Product Details

  • ISBN-13: 9780387095226
  • Publisher: Springer New York
  • Publication date: 6/29/2009
  • Series: International Studies in Entrepreneurship Series, #23
  • Edition description: 2009
  • Edition number: 1
  • Pages: 342
  • Product dimensions: 6.40 (w) x 9.50 (h) x 1.20 (d)

Table of Contents

Nascent Entrepreneurs.- Social Motives in the PSED II.- Contextual Motivation and Growth Aspirations Among Nascent Entrepreneurs.- Family Background and Influence on Nascent Entrepreneurs.- Start-Up Teams.- Owner Contributions and Equity.- Business Owner Demography, Human Capital, and Social Networks.- Owner Founders, Nonowner Founders and Helpers.- The Start-Up Process.- Institutional Isomorphism, Business Planning, and Business Plan Revision: The Differential Impact on Teams Versus Solo Entrepreneurs.- The Role of Human and Social Capital and Technology in Nascent Ventures.- Financing the Emerging Firm: Comparisons Between PSED I and PSED II.- Emergence of a New Firm.- Reconceiving the Gestation Window: The Consequences of Competing Definitions of Firm Conception and Birth.- Start-Up Activities and New Firm Characteristics.- Cross-Study Comparisons.- PSED II and the Comprehensive Australian Study of Entrepreneurial Emergence [CAUSEE].- PSED II and the Kauffman Firm Survey.- Future Opportunities.

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