More than half of all attempts to start a business fail. In a quest to help explain the variance in this phenomenon, we develop and test hypotheses related to the role that the objective environment, entrepreneurial perceptions, and start-up activities play in the new venture creation process....

While recent inventories and assessments of the entrepreneurship field examine the focus, purpose, and methods, one area receiving less attention is the outcome or dependent variable. The outcome variable is of critical importance in scholarship, as it is a leading indicator of the cumulative...