Authors: Vasanthakumar N. Bhat; Paul P. Daulerio
Addresses: Lubin School of Business, Pace University, New York, 10038 NY, USA ' Lubin School of Business, Pace University, New York, 10038 NY, USA
Abstract: This paper examines the modes of entrepreneurship in the USA by examining the determinants of an individual's decision to establish a new entrepreneurial business and how this is different from acquiring an existing entrepreneurial business or engaging in an entrepreneurial franchise. We develop a logistic regression model to examine the various determinants of starting a new entrepreneurial business from scratch. Our analysis indicates that age, work experience, hours worked per week, education and race have statistically significant impact on the likelihood of starting a new business from scratch as compared to other modes of entry.
Keywords: business entry; entrepreneurship modes; starting from scratch; franchising; USA; United States; entrepreneurial business ownership; logistic regression modelling; start-ups; age; work experience; hours worked; education; race.
International Journal of Entrepreneurship and Small Business, 2014 Vol.21 No.4, pp.527 - 540
Available online: 29 May 2014 *Full-text access for editors Access for subscribers Purchase this article Comment on this article