Template-Type: ReDIF-Paper 1.0
Author-Name: Block, J.H.
Author-Name-Last: Block
Author-Name-First: Jörn
Author-Person: pbl61
Author-Name: Koellinger, Ph.D.
Author-Name-Last: Koellinger
Author-Name-First: Philipp
Author-Person: pko149
Title: I Can’t Get No Satisfaction - Necessity Entrepreneurship and Procedural Utility
Abstract: 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.
Creation-Date: 2008-08-20
File-URL: https://repub.eur.nl/pub/13221/ERS-2008-051-ORG.pdf
File-Format: application/pdf
Series: RePEc:ems:eureri
Number: ERS-2008-051-ORG
Classification-JEL: L26, M, M13, O32
Keywords: entrepreneurship, necessity entrepreneurship, procedural utility, satisfaction, unemployment
Handle: RePEc:ems:eureri:13221