‘This important Handbook of Entrepreneurial Dynamics reports on the Panel Study of Entrepreneurial Dynamics (PSED), the most comprehensive scientifically representative study to date of nascent entrepreneurs. The book is unique because the study identified individuals in the process of creating new businesses to understand how, at its very source, people move from considering the option of starting a new business to its actual founding. This has never been done before in the history of entrepreneurship research… I cannot recommend this book more strongly to entrepreneurship scholars and those interested in where entrepreneurs come from and how they move from their initial idea to new venture founding.’
–Claudia Bird Schoonhoven, University of California, Irvine
‘This Handbook makes a terrific contribution to understanding entrepreneurship and new business creation. Its 38 chapters report major findings from the Panel Study of Entrepreneurial Dynamics (PSED), an unprecedented research program involving more than a hundred researchers from 10 countries. This Handbook is ′must reading′ for anyone interested in entrepreneurship research.’
–Andrew H. Van de Ven, Carlson School of Management, University of Minnesota
Entrepreneurial activity provides profound positive benefits across an important set of measures of social and economic well-being, much of it concentrated in new economic sectors such as information technology. Yet, even though entrepreneurship has been shown to provide many benefits, it is surprising that there has not been a systematic study of the entrepreneurial process. The Handbook of Entrepreneurial Dynamics: The Process of Business Creation fills this gap by offering theories, ideas, and measures that can be used to explore and understand the factors that encompass and influence the creation of new businesses.
The chapters in the handbook provide the rationale for questionnaires used in the Panel Study of Entrepreneurial Dynamics (PSED). The PSED is a research program that was initiated to provide systematic, reliable, and generalizable data on important features of the new business creation process. The PSED includes information on the proportion and characteristics of the adult population involved in efforts to start businesses, the activities and characteristics that comprise the nature of the business start-up process, and the proportion and characteristics of those business start-up efforts that actually become new businesses. The handbook also describes the PSED data collection process; provides documentation of the interview schedules, codebooks, data preparation and weighting scheme; as well as offers examples of how analyses of PSED data might be conducted. The authors identify specific measures that can be used to operationalize theory as well as provide evidence from the PSED data sets on these measures′ reliability and validity.
The Handbook of Entrepreneurial Dynamics is ideal for a sizeable audience, including graduate students, academics, and librarians in schools of business and management who need a comprehensive reference on business creation. In addition, researchers and policy makers at the federal, state, and local level will find this an invaluable reference covering all of the factors involved in new venture formation.
Key Features:
* Considers categories of data not available prior to the PSED
* Includes a comprehensive overview of theories about new business formation
* Provides demographics of nascent entrepreneurs
* Analyzes the cognitive characteristics of nascent entrepreneurs
* Explores all of the processes of new business formation
Table of Content
Introduction – William B. Gartner
CHAPTER 1 – OVERVIEW: LIFE CONTEXT, PERSONAL BACKGROUND – Paul D. Reynolds
CHAPTER 2 GENDER – Nancy M. Carter and Candida G. Brush
CHAPTER 3 RACE AND ETHNICITY – Patricia G. Greene and Margaret M. Owen
CHAPTER 4 HOUSEHOLD STRUCTURE – Candida G. Brush and Tatiana S. Manolova
CHAPTER FIVE: HOUSEHOLD INCOME AND NET WORTH – Phillip Kim and Howard E. Aldrich, and Lisa Keister
CHAPTER 6 – LABOR FORCE PARTICIPATION AND RESIDENTIAL TENURE – Paul D. Reynolds
CHAPTER 7 PERSONAL BACKGROUND – Candida G. Brush and Tatiana S. Manolova
CHAPTER 8 FAMILY BACKGROUND – Charles H. Matthews and Sherrie E. Human
CHAPTER 9 TIME USE – Margaret M. Owen and Patricia G. Greene
CHAPTER 10 WORK PARTICIPATION HISTORY – Amy E. Davis and Howard E. Aldrich
CHAPTER 11 OVERVIEW OF THE COGNITIVE CHARACTERISTICS OF THE ENTREPRENEUR – Kelly G. Shaver
CHAPTER 12 CAREER REASONS – Nancy M. Carter and William B. Gartner and Kelly G. Shaver
CHAPTER 13 ENTREPRENEURIAL EXPECTANCIES – Elizabeth J. Gatewood
CHAPTER 14 JOB AND LIFE SATISFACTION – Kevin L. Johnson and Joseph C. Rode, Marne L. Arthaud-Day, and Janet P. Near
CHAPTER 15 INNOVATOR AND ADAPTOR ENTREPRENEURS – Kevin L. Johnson, Wade M. Danis, and Marc J. Dollinger
CHAPTER 16 ROLE MODELS AND PERCEIVED SOCIAL SUPPORT – Per Davidsson
CHAPTER 17 ENTREPRENEURIAL INTENSITY – Jianwen Liao and Harold Welsch
CHAPTER 18 INDIVIDUAL PROBLEM SOLVING – Matthew W. Ford and Charles H. Matthews
CHAPTER 19 ATTRIBUTION AND LOCUS OF CONTROL – Kelly G. Shaver
CHAPTER 20 ON ECONOMIC SOPHISTICATION – James Morgan
CHAPTER 21 SOCIAL SKILLS – Robert Baron
CHAPTER 22 OVERVIEW OF THE STARTUP PROCESS – William B. Gartner and Nancy M. Carter
CHAPTER 23 NATURE OF BUSINESS START-UPS – Paul D. Reynolds
CHAPTER 24 OPPORTUNITY RECOGNITION – Gerald E. Hills and Robert P. Singh
CHAPTER 25 STARTUP PROBLEMS – 25 STARTUP PROBLEMS Candida G. Brush and Tatiana S. Manolova 25 STARTUP PROBLEMS Candida G. Brush and Tatiana S. Manolova Candida G. Brush and Tatiana S. Manolova
CHAPTER 26 BUSINESS STARTUP ACTIVITIES – William B. Gartner, Nancy M. Carter, and Paul D. Reynolds
CHAPTER 27 TEAMS – Howard E. Aldrich, Nancy M. Carter, and Martin Ruef
CHAPTER 28 FIRM FOUNDING – Nancy M. Carter, William B. Gartner, and Paul D. Reynolds
CHAPTER 29 SOCIAL NETWORKS – Howard E. Aldrich and Nancy M. Carter
CHAPTER 30 KNOWLEDGE AND USE OF ASSISTANCE – William Dennis Jr. and Paul D. Reynolds
CHAPTER 31 FUNDING THE FIRST YEAR OF BUSINESS CHAPTER 31 FUNDING THE FIRST YEAR OF BUSINESS CHAPTER 31 FUNDING THE FIRST YEAR OF BUSINESS CHAPTER 31 FUNDING THE FIRST YEAR OF BUSINESS CHAPTER 31 FUNDING THE FIRST YEAR OF BUSINESS – Michael Stouder and Bruce A. Kirchhoff
CHAPTER 32 MEASURES OF FINANCIAL SOPHISTICATION – Jerome A. Katz and Ana Cabezuelo
CHAPTER 33 FUTURE EXPECTATIONS FOR THE NEW BUSINESS CHAPTER 33 FUTURE EXPECTATIONS FOR THE NEW BUSINESS CHAPTER 33 FUTURE EXPECTATIONS FOR THE NEW BUSINESS CHAPTER 33 FUTURE EXPECTATIONS FOR THE NEW BUSINESS – Sherrie E. Human and Charles H. Matthews
CHAPTER 34 OVERVIEW: ENTREPRENEURIAL CONTEXT AND ENVIRONMENT – Paul D. Reynolds
CHAPTER 35 PERCEPTIONS OF ENTREPRENEURIAL CLIMATE – Nancy M. Carter, Paul D. Reynolds, and William B. Gartner
CHAPTER 36 THE ECONOMIC AND COMMUNITY CONTEXT FOR ENTREPRENEURSHIP: PERCEIVED ENVIRONMENTAL UNCERTAINTY – Charles H. Matthews and Sherrie E. Human
CHAPTER 37 COMPETITIVE STRATEGY – Timothy M. Stearns and Nancy M. Carter
CHAPTER 38 TECHNOLOGY ENTREPRENEURS – Kathleen Allen and Timothy Stearns
CHAPTER 39 CONCLUSION – William B. Gartner
APPENDIX A – DATA COLLECTION – Paul D. Reynolds and Richard Curtin
APPENDIX B – DATA DOCUMENTATION, DATA PREPARATION AND WEIGHTS – Richard Curtin and Paul D. Reynolds
APPENDIX C – EXAMPLES OF ANALYSIS: WORK FILE PREPARATION, COMPARISONS AND ADJUSTMENT OF WEIGHTS – Paul D. Reynolds and Richard Curtin
About the author
Paul D. Reynolds is the Paul T. Babson Chair in Entrepreneurial Studies at Babson College (Wellesley, Massachusetts), a Visiting Professor in Entrepreneurship at the London Business School, and the director of the annual Babson-Kauffman Entrepreneurship Research Conference (1996-1999). He was the Coleman Foundation Chair in Entrepreneurial Studies at Marquette University (Milwaukee, Wisconsin) for five years (1990-1995). Reynolds is now coordinator of the Entrepreneurial Research Consortium (ERC), an international collaboration of 31 university units, government agencies and foundations implementing national longitudinal studies of business start-ups in the U.S. and eight other countries. As coordinating principal investigator of the Global Entrepreneurship Monitor (GEM) project, he is coordinating 10 national teams in the first analysis of the contributions of the entrepreneurial sector to national economic growth. He is the author or co-author of three conference proceedings, four books, four data sets in the University of Michigan ICPSR public archives, 25 project reports and research monographs, 60 peer review journal articles or conference proceeding reports, and several hundred professional conference presentations.
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