The decision to become an entrepreneur in Spain: The role of household finances

Molina, José Alberto (Universidad de Zaragoza) ; Velilla Gambó, Jorge (Universidad de Zaragoza) ; Ortega, Raquel (Universidad de Zaragoza)

Resumen: Our objective is to analyse the decision to become an entrepreneur in Spain, with a special focus on the role of household finances in making that decision. To that end, we compare earnings for both salaried workers and entrepreneurs, and develop a theoretical framework to characterize entrepreneurship outcomes by a production function. This model is then estimated by binary Maximum Likelihood estimation regression models, employing Spanish micro-data from the Financial Survey of Families (Encuesta Financiera de las Familias), 2011. Our results show that household assets (vehicles, real estate, and investments) and the financial security that they provide, also affect entrepreneurship by encouraging individuals to become entrepreneurs.

Idioma: Inglés

Año: 2016

Publicado en: International Journal of Entrepreneurship (United States) 20, 1 (2016), 57-73
ISSN: 1099-9264

Originalmente disponible en: Texto completo de la revista

Factor impacto SCIMAGO: 0.14 - Economics and Econometrics (Q4) - Strategy and Management (Q4) - Business and International Management (Q4)

Tipo y forma: Article (PostPrint)

Área (Departamento): Área Organización de Empresas (Dpto. Direcc.Organiza.Empresas)
Área (Departamento): Área Métodos Cuant.Econ.Empres (Dpto. Estruc.Hª Econ.y Eco.Pb.)
Área (Departamento): Área Fund. Análisis Económico (Dpto. Análisis Económico)