%0 Report
        %A Estrin, Saul
%A Korosteleva, Julia
%A Mickiewicz, Tomasz
        %T Better Means More:  Property Rights and High-Growth Aspiration Entrepreneurship
        %D 2009
        %8 2009 Sep
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 4396
        %U https://www.iza.org/index.php/publications/dp4396
        %X This paper contrasts the determinants of entrepreneurial entry and high-growth aspiration entrepreneurship. Using the Global Entrepreneurship Monitor (GEM) surveys for 42 countries over the period 1998-2005, we analyse how institutional environment and entrepreneurial characteristics affect individual decisions to become entrepreneurs and aspirations to set up high-growth ventures. We find that institutions exert different effects on entrepreneurial entry and on the individual choice to launch high-growth aspiration projects. In particular, a strong property rights system is important for high-growth aspiration entrepreneurship, but has less pronounced effects for entrepreneurial entry. The availability of finance and the fiscal burden matter for both.
        %K start-ups
%K high-growth aspiration entrepreneurship
%K property rights
%K entrepreneurship