Youth Entrepreneurship in Germany: Empirical Evidence on the How, the Why, the How Many, the Who and the When

Publikation: Beitrag in FachzeitschriftArtikelForschungPeer-Review

Autoren

  • Rolf Sternberg
  • David Breitenbach

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  • PatentRenewal.com
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Details

OriginalspracheEnglisch
Aufsatznummer161
FachzeitschriftEconomies
Jahrgang11
Ausgabenummer6
PublikationsstatusVeröffentlicht - 7 Juni 2023

Abstract

Youth entrepreneurship is an increasingly prominent aspect of entrepreneurship support policies, but there is surprisingly little relevant research-based empirical evidence. This research gap is particularly noticeable when it comes to the personal and contextual factors that steer young people’s decision to start a business. Using statistically representative survey data from the Global Entrepreneurship Monitor for Germany, we apply logit regressions to determine the influence of 10 independent variables on the likelihood of starting a business. We distinguish between 18–24-year-olds and 25–64-year-olds as well as between founders and non-founders. Self-efficacy in entrepreneurial skills, fear of failure and gender are the strongest influencing variables for the person-related factors and knowledge of other founders for the contextual factors. For younger people, the formal level of education and the perception of local entrepreneurial opportunities do not play a role in the decision to start a business, whereas they are very important for older people. Our results suggest that start-up promotion policies should explicitly address the empirically proven factors of youth entrepreneurship instead of a ‘one size fits all’ policy for new businesses, regardless of the age of the founders.

ASJC Scopus Sachgebiete

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Youth Entrepreneurship in Germany: Empirical Evidence on the How, the Why, the How Many, the Who and the When. / Sternberg, Rolf; Breitenbach, David.
in: Economies, Jahrgang 11, Nr. 6, 161, 07.06.2023.

Publikation: Beitrag in FachzeitschriftArtikelForschungPeer-Review

Sternberg R, Breitenbach D. Youth Entrepreneurship in Germany: Empirical Evidence on the How, the Why, the How Many, the Who and the When. Economies. 2023 Jun 7;11(6):161. doi: 10.3390/economies11060161
Sternberg, Rolf ; Breitenbach, David. / Youth Entrepreneurship in Germany : Empirical Evidence on the How, the Why, the How Many, the Who and the When. in: Economies. 2023 ; Jahrgang 11, Nr. 6.
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