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We test a new model where the entrepreneurial decision is described as a process of successive engagement levels, i.e., as an entrepreneurial ladder. Five levels are distinguished using nearly 12,000 observations from the 2004 “Flash Eurobarometer survey on Entrepreneurship” covering the 25...
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Entrepreneurs exit their business due to selection mechanisms experienced in the market place. Next to this well known … ex-post decision to exit, entrepreneurs select ex-ante whether they are willing to pursue an entrepreneurial career at … determinants of these two types of selection: exit in real and in imagined markets. Entrepreneurs in imagined markets are more …
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