New Firm Creation in the United States Initial Explorations with the
The study of firm creation is becoming a focal point of business research, education, practice, and policymaking. Currently, it is estimated that 12 million people in the United States are involved in business start-ups; the phenomenon is embedded in the
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Paul D. Reynolds Richard T. Curtin Editors
New Firm Creation in the United States Initial Explorations with the PSED II Data Set
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New Firm Creation in the United States
For other titles published in this series, go to http://www.springer.com/series/6149
International Studies in Entrepreneurship Series Editors Zoltan J. Acs George Mason University, Fairfax, VA, USA David B. Audretsch Indiana University, Bloomington, IN, USA
Paul D. Reynolds Richard T. Curtin Editors
New Firm Creation in the United States Initial Explorations with the PSED II Data Set
Foreword by Robert Litan Vice President for Research and Policy The Kauffman Foundation
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Editors Paul D. Reynolds George Mason University Fairfax, VA USA [email protected]
Richard T. Curtin University of Michigan Ann Arbor, MI USA [email protected]
ISBN 978-0-387-09522-6 e-ISBN 978-0-387-09523-3 DOI 10.1007/978-0-387-09523-3 Springer Dordrecht Heidelberg London New York Library of Congress Control Number: 2009928016 # Springer ScienceþBusiness Media, LLC 2009 All rights reserved. This work may not be translated or copied in whole or in part without the written permission of the publisher (Springer ScienceþBusiness Media, LLC, 233 Spring Street, New York, NY 10013, USA), except for brief excerpts in connection with reviews or scholarly analysis. Use in connection with any form of information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed is forbidden. The use in this publication of trade names, trademarks, service marks, and similar terms, even if they are not identified as such, is not to be taken as an expression of opinion as to whether or not they are subject to proprietary rights. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Foreword by Sponsor
Ewing Marion Kauffman considered entrepreneurship to be one of the most important features in the U.S. economy. A core mission of the foundation he established was the expansion of knowledge about the entrepreneurial process. In supporting this objective, the Ewing Marion Kauffman Foundation has been a major sponsor of the Panel Study of Entrepreneurial Dynamics (PSED) research program. This research project undertook the task of expanding our knowledge of the earliest stage of the entrepreneurial process. The focus is on understanding the circumstances that cause people to attempt to start a new business and which factors facilitate and which represent barriers to successfully implementing a new firm. The project is interdisciplinary in its coverage of potential factors so it can evaluate the independent contribution from a broad array of hypotheses developed from economics, sociology, psychology, management sciences, and the burgeoning field of entrepreneurial studies. Importantly, the research has been based on a representative sample of all U.S. households so that the results can be generalized to the nation as a whole. These features have ma
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