Work

Learning Entrepreneurship from Other Entrepreneurs?

Year: 2020

Type: article

Abstract: We document that individuals who grow up in high firm density areas are more likely to become entrepreneurs, given firm density in their current location, and to run businesses in the sector with the highest density when young. Firm density at an entrepreneur’s young age drives current firm profitability and is more important than current density for business performance. Results hold in a sample of movers, which allows addressing endogeneity concerns. These results are consistent with entrepreneurial skills being partly learnable through social contacts. Accordingly, entrepreneurs who grow up in high firm density areas adopt better managerial practices.

Source: Journal of Labor Economics

DOI: 10.1086/708445

Authors: Luigi Guiso, Luigi Pistaferri, Fabiano Schivardi

Institutions: Einaudi Institute for Economics and Finance, Stanford University, Libera Università Internazionale degli Studi Sociali Guido Carli

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W2185252762

FWCI: 5.713

Cites: 61

Cited by: 52

Related to: 10