Entrepreneurial aspirations, motivations, and their drivers |
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| Authors: | Jolanda Hessels Marco van Gelderen Roy Thurik |
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| Institution: | (1) EIM Business and Policy Research, P.O. Box 7001, 2701 AA Zoetermeer, The Netherlands;(2) Erasmus University Rotterdam, Rotterdam, The Netherlands;(3) College of Business, Massey University, Auckland, New Zealand |
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| Abstract: | Several drivers of entrepreneurial aspirations and entrepreneurial motivations are investigated using country-level data from
the Global Entrepreneurship Monitor (GEM) for the years 2005 and 2006. We estimate a two-equation model explaining aspirations
using motivations and socioeconomic variables, and explaining motivations using socioeconomic variables. We find that countries
with a higher incidence of increase-wealth-motivated entrepreneurs tend to have a higher prevalence of high-job-growth and
export-oriented entrepreneurship and that a country’s level of social security relates negatively to the prevalence of innovative,
high-job-growth, and export-oriented entrepreneurship. We also find that the increase-wealth motive mediates the relationship
between socioeconomic variables and entrepreneurial aspirations.
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| Keywords: | Entrepreneurial motivations Entrepreneurial aspirations Global Entrepreneurship Monitor |
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