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| Titel: |
An empirical test of a decision theory model for entrepreneurial acts |
| Auteur: |
Campbell, Charles A. |
| Verschenen in: |
Entrepreneurship & regional development |
| Paginering: | Jaargang 7 (1995) nr. 2 pagina's 95-104 |
| Jaar: |
1995-04 |
| Inhoud: |
A decision theory model is presented where the decision to start a firm is assumed to be a rational economic decision of a utility maximizer. The model is tested using data for business births in 82 Mississippi counties over the period 1979-1987. Results of the aggregated model are encouraging but suggest that the alternative to a risky venture is not riskless wage labour. Rather, wage labour also carries a risk which is important in determining whether to start a business. The results indicate that there is a strong economic motivation in entrepreneurial ventures which must be considered in addition to psychological factors. The model suggests that encouragement of entrepreneurial ventures can be based upon lowering thc costs of start-ups and policies that increase the probability of success. |
| Uitgever: |
Routledge |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
Details van artikel 1 van 6 gevonden artikelen
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