Entrepreneurship in the United States: The Future Is Now

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Springer Science & Business Media, Sep 30, 2007 - Business & Economics - 222 pages
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Entrepreneurship is among the most vibrant and important parts of the economy. This important book enhances understanding of entrepreneurial dynamics, providing the first analysis of changes in US entrepreneurial activity. Based on the unprecedented Panel Study of Entrepreneurial Dynamics, it examines adult participation in new firm creation and differences in regional firm creation activity.  Shedding light on the importance of new firms for job growth, productivity enhancements, innovation, and routes for social mobility, the author tracks the success or failure of entrepreneurs, including comparisons of different groups, such as women and minorities, along with different countries.  All sectors of the population are making significant contributions. Significant implications for practitioners, educators and policy makers are discussed.

 

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Contents

HOW LONG DOES IT TAKE?
86
WHAT KINDS OF INDIVIDUALS OR SITUATIONS AFFECT THE PRESENCE OF A NEW FIRM?
88
WHAT HAPPENS IN THE STARTUP PROCESS?
95
WHO THEY ARE AND WHAT THEY ARE DOING
101
OVERVIEW
106
NOTES
108
Comparisons across the Firm Life Course
109
BUSINESS FIRMS IN THE LIFE COURSE
110

SOCIAL INTEGRATION MOBILITY
xxxiii
OVERVIEW
xxxv
NOTES
xxxvi
What Is Entrepreneurship and How Do You Find It?
xxxvii
US ENTREPRENEURAL ASSESSMENT
xl
US CURRENT POPULATION SURVEYS CPS
xlii
US CENSUS AND BLS
xliv
CORRESPONDENCE BETWEEN PROCEDURES
xlvi
OVERVIEW
xlviii
How Much and When?
3-1
1998 2006
3-2
PREVALENCE OF PARTICIPATION AND EMPLOYER FIRM ESTABLISHMENT REGISTRATIONS
3-5
ARE DIFFERENT GROUPS CHANGING PARTICIPATION OVER TIME?
3-6
PERSONAL CONTEXT
3-10
OVERVIEW
42
NOTES
43
Comparisons across Space
45
REGIONAL FACTORS ASSOCIATED WITH VARIATIONS
48
STABILITY AND CHANGE IN FIRM BIRTH RATES
53
FACTORS ASSOCIATED WITH CHANGE
57
CENSUS DIVISION COMPARISONS
59
COMPARED TO FIRM BIRTH RATES
60
REGIONAL FACTORS AND VARIATION
62
OVERVIEW
63
NOTES
65
Individuals Participation in the Business Life Course
67
WHO BECOMES A BUSINESS OWNER?
68
WHAT ARE BUSINESS OWNERS LIKE?
72
HOW DO PEOPLE GET INVOLVED?
77
OVERVIEW
82
NOTES
83
What Happens in the Startup Process?
85
FIRM CHARACTERISTICS AND FIRM LIFE COURSE STAGE
118
OVERVIEW
123
NOTES
124
Startup Funding Expectations Informal Support and Accredited Investors
125
ANNUAL FUNDING FOR ALL STARTUPS
129
INFORMAL INVESTORS
131
WHO ARE INFORMAL INVESTORS?
133
INVESTOR AND THE INFORMAL DEAL
136
THE STARTUP AND THE INFORMAL DEAL
139
ACCREDITED INVESTORS
142
OVERVIEW
148
NOTES
150
Comparisons across Space United States and the World
9-1
SELECTED FEATURES OF ENTREPRENEURIAL ACTIVITY
9-3
GLOBAL ESTIMATES
9-7
NATIONAL FACTORS ASSOCIATED WITH ENTREPRENEURIAL ACTIVITY
9-10
GLOBAL REGIONS AND HIGH POTENTIAL ENTREPRENEURSHIP
9-19
OVERVIEW
9-20
COMMENTARY
9-21
NOTES
9-22
Overview and Commentary
9-23
IMPLICATIONS FOR PUBLIC POLICY
9-26
IMPLICATIONS FOR NEW CREATION
9-28
IMPLICATIONS FOR RESEARCH
9-29
NOTE
9-31
Measuring Entrepreneurial Activity
9-32
NOTE
9-37
Firm Birth Rates by US Labor Market Areas 19761996
9-38
Sample Compared to Population on Household Income Wealth
9-53
References
9-55
Index
9-59
Copyright

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Common terms and phrases

Popular passages

Page 9-58 - US DEPARTMENT OF AGRICULTURE, ECONOMIC RESEARCH SERVICE, AGRICULTURE AND RURAL ECONOMY DIVISION.
Page 9-57 - Michael Camp, William D. Bygrave, Erkko Autio, and Michael Hay (2001). Global Entrepreneurship Monitor: 2001 Executive Report. Kansas City, MO: Kauffman Center for Entrepreneurial Leadership.
Page 9-55 - Program on Neighborhood and Regional Change for the Economic Development Administration, US Department of Commerce, Washington, DC.
Page 9-55 - Audretsch, David B. ( 1995). Innovation and Industry Evolution. Cambridge, MA: MIT Press. Audretsch. David B. and Maryann P. Feldman (1996). R&D spillovers and the geography of innovation and production.
Page 9-57 - Michael Hay and Michael Camp (1999), Global Entrepreneurship Monitor: 1999 Executive Report, report from the Kauffman Center for Entrepreneurial Leadership.
Page 9-57 - ... Leadership. Reynolds, Paul D., S. Michael Camp, William D. Bygrave, Erkko Autio, and Michael Hay (2001). Global Entrepreneurship Monitor: 2001 Executive Report.

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About the author (2007)

Paul D. Reynolds is Professor in the Department of Management and International Business at Florida International University. He is the recipient of the 2004 International Award for Entrepreneurship and Small Business Research provided by Swedish Foundation for Small Business Research and the Swedish Business Development Agency (the "Swedish Prize"). Dr. Reynolds was part of the team that created the Entrepreneurial Research Consortium (ERC) and has served as the Coordinating Principal Investigator through the life of the initial Panel Study of EntrepreneurialDynamics (PSED I) project, 1995-2003. He is Co-Principal Investigator of the replication of this project, PSED II, to take place from 2004 to 2009. He served as the Coordinating Principal Investigator of the Global Entrepreneurship Monitor [GEM] program since its inception in 1998 until 2004, serving as the principal author of five consecutive global assessments. Dr. Reynolds has taught at London Business School, University of Pennsylvania, and INSEAD, and held endowed chairs in Entrepreneurship at both Marquette University and Babson College.

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