I Can’t Get No Satisfaction - Necessity Entrepreneurship and Procedural Utility

Joern Block and Philipp Koellinger

ERIM Report Series Research in Management from Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam

Abstract: We study a unique sample of 1,547 nascent entrepreneurs in Germany and analyze which factors are associated with their start-up satisfaction. Our results identify a group of nascent entrepreneurs that “cannot get satisfaction” with their start-up because they did not choose to become entrepreneurs out of free will, but out of long-term unemployment or a lack of better employment alternatives. Overall, financial success is the most important determinant of start-up satisfaction. Yet, achievement of independence and creativity is also highly important, a finding that emphasizes the economic relevance of procedural utility and non-financial incentives.

Keywords: entrepreneurship; necessity entrepreneurship; procedural utility; satisfaction; unemployment (search for similar items in EconPapers)
JEL-codes: L26 M M13 O32 (search for similar items in EconPapers)
Date: 2008-08-20
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Journal Article: I Can't Get No Satisfaction—Necessity Entrepreneurship and Procedural Utility (2009)
Working Paper: I can't get no Satisfaction - Necessity Entrepreneurship and Procedural Utility (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:ems:eureri:13221

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