decision-making by entrepreneurs, and economic factors, such as the behavior and success of entrepreneurial organizations … these phenomena shape and are shaped by the entrepreneurs’ social relationships, for example, with cofounders, employees …

We survey 612 entrepreneurs who are members of microcredit programs across three developing countries to examine the … determinants of firm employment. We find that for opportunity-motivated entrepreneurs, a greater number of employees are predicted … differentiation-related innovation. We find that necessity-motivated entrepreneurs do not seek innovation as a means to growth. Rather …