New Firm Creation in the United States [electronic resource] : Initial Explorations with the PSED II Data Set / edited by Richard T. Curtin, Paul D. Reynolds.

Nascent Entrepreneurs -- Social Motives in the PSED II -- Contextual Motivation and Growth Aspirations Among Nascent Entrepreneurs -- Family Background and Influence on Nascent Entrepreneurs -- Start-Up Teams -- Owner Contributions and Equity -- Business Owner Demography, Human Capital, and Social Networks -- Owner Founders, Nonowner Founders and Helpers -- The Start-Up Process -- Institutional Isomorphism, Business Planning, and Business Plan Revision: The Differential Impact on Teams Versus Solo Entrepreneurs -- The Role of Human and Social Capital and Technology in Nascent Ventures -- Financing the Emerging Firm: Comparisons Between PSED I and PSED II -- Emergence of a New Firm -- Reconceiving the Gestation Window: The Consequences of Competing Definitions of Firm Conception and Birth -- Start-Up Activities and New Firm Characteristics -- Cross-Study Comparisons -- PSED II and the Comprehensive Australian Study of Entrepreneurial Emergence [CAUSEE] -- PSED II and the Kauffman Firm Survey -- Future Opportunities.

The study of firm creation is becoming a focal point of business research, education, practice, and policymaking. Currently, it is estimated that 12 million people in the United States are involved in business start-ups; the phenomenon is embedded in the American cultureand in many others around the world. The Panel Study of Entrepreneurial Dynamics (PSED) research program is designed to enhance the scientific understanding of how people start businesses, by gathering and providing primary data on the business creation process. The first data collection (PSED I) was initiated in 1998 and three follow-up surveys were completed by 2004. The second (PSED II), supported by the Ewing Marion Kauffman Foundation, the U.S. Small Business Administration, and the National Science Foundation, was initiated in 2005. Harmonized projects have been implemented in seven other countries. This volume, including contributions from the organizers and advisory committee members, presents assessments based on the initial and first follow-up PSED II data; two more follow-ups are in process. The book highlights key implications and applications and includes chapters covering entrepreneurial behavior, demographic and gender factors, financing the emerging business, ownership arrangements, and the roles of social capital and technology. Other assessments focus on the nature of those active as nascent entrepreneurs, the activities undertaken during the start-up process, and the characteristics of start-up efforts that become new firms; the appendix provides a detailed discussion of the data collection procedures. The result is an introduction to the theories, conceptualizations, approaches, and measurement of the business creation process. This book will be a valuable guide for those interested in business creation for research or policy objectives.

ZDB-2-SBE