Entrepreneur opportunity costs and intended venture growth

被引:217
作者
Cassar, Gavin [1 ]
机构
[1] Univ Penn, Wharton Sch, Philadelphia, PA 19104 USA
关键词
growth; human capital; nascent entrepreneurs; opportunity costs; start-ups;
D O I
10.1016/j.jbusvent.2005.02.011
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study investigates how entrepreneur opportunity costs influence the intended future size of new ventures. In particular, using a survey of nascent entrepreneurs in the process of starting a venture, this paper examines how intended future sales revenue is influenced by entrepreneur current household income, education, and managerial experience. Consistent with opportunity cost and human capital arguments, it is found that individuals with higher current household income and greater supervisory experience have higher levels of intended firm size in 5 years time. While this study finds that entrepreneur stated preferences for growth also influence intended future sales of the venture, the association between nascent entrepreneur opportunity costs and venture scale is complementary to these stated preferences. (c) 2005 Elsevier Inc. All rights reserved.
引用
收藏
页码:610 / 632
页数:23
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