I Can’t Get No Satisfaction - Necessity Entrepreneurship and Procedural Utility
2008-08-20
Research Paper
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We study a unique sample of 1,547 nascent entrepreneurs in Germany and analyze which factors are associated with their start-up satisfaction. Our results identify a group of nascent entrepreneurs that “cannot get satisfaction” with their start-up because they did not choose to become entrepreneurs out of free will, but out of long-term unemployment or a lack of better employment alternatives. Overall, financial success is the most important determinant of start-up satisfaction. Yet, achievement of independence and creativity is also highly important, a finding that emphasizes the economic relevance of procedural utility and non-financial incentives.
Keywords
Classifications using
Journal of Economic Literature (JEL) Classification System
- L26 : Entrepreneurship
- O32 : Management of Technological Innovation and R&D
- M : Business Administration and Business Economics; Marketing; Accounting
- M13 : New Firms; Startups
Automatically Extracted Terms
- level
- entrepreneur
- satisfaction
- business
- income
- variable
- utility
- entrepreneurship
- unemployment
- necessity
- -0.03
- individual
- 0.02
- category
- opportunity
- month
- venture
- table
- model
- 0.04
