TY - JOUR
T1 - Regional and individual determinants of entrepreneurial growth aspirations
AU - Capelleras, Joan Lluís
AU - Contin-Pilart, Ignacio
AU - Larraza-Kintana, Martin
AU - Martin-Sanchez, Victor
PY - 2018
Y1 - 2018
N2 - This paper investigates the unique and joint effects of population density and early-stage entrepreneurs’ human capital endowments (higher education, entrepreneurship training and owner-manager experience) on entrepreneurial growth aspirations. We test a number of hypotheses using data that combine individual and province level information in Spain over the period 2008-2010. We argue that growth aspirations of early-stage entrepreneurs are higher in more densely populated regions, but that such environmental influence is stronger for individuals with greater human capital. This is because they will be more aware that denser regions offer more favorable conditions for new businesses and also requires greater firm growth to compensate for a higher risk of business failure. Consistent with our view, we find that the growth aspirations of entrepreneurs with higher education are higher in densely populated provinces.
AB - This paper investigates the unique and joint effects of population density and early-stage entrepreneurs’ human capital endowments (higher education, entrepreneurship training and owner-manager experience) on entrepreneurial growth aspirations. We test a number of hypotheses using data that combine individual and province level information in Spain over the period 2008-2010. We argue that growth aspirations of early-stage entrepreneurs are higher in more densely populated regions, but that such environmental influence is stronger for individuals with greater human capital. This is because they will be more aware that denser regions offer more favorable conditions for new businesses and also requires greater firm growth to compensate for a higher risk of business failure. Consistent with our view, we find that the growth aspirations of entrepreneurs with higher education are higher in densely populated provinces.
U2 - 10.1344/jesb2018.1.j036
DO - 10.1344/jesb2018.1.j036
M3 - Journal article
SN - 2385-7137
VL - 3
SP - 17
EP - 53
JO - Journal of Evolutionary Studies in Business
JF - Journal of Evolutionary Studies in Business
IS - 1
ER -