Waiting to start a business venture: Empirical evidence on the determinants and effects of wait time

Arbeitspapier

In this paper, we study the intertemporal relations within two phases of the venture creation process based on data from administrative data sources. By distinguishing a pre- and post-period, we address two major issues: (1) we identify which factors make people wait to start a venture, and (2) we investigate the outcome of waiting on business longevity. Using survival modeling techniques, we find support for the hypothesis that regional economic conditions have a significant but complex effect on the delay of entries. Furthermore, we find that waiting is initially beneficial for self-employment duration but that this effect is not beneficial for longer periods of waiting.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper Series in Economics ; No. 293

Classification and Topics

• Classification: Wirtschaft ; New Firms; Startups ; Duration Analysis; Optimal Timing Strategies
• Subject: waiting time periods ; self-employment ; duration model ; survival

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Oberschachtsiek, Dirk
• Event: Veröffentlichung
• (who): Leuphana Universität Lüneburg, Institut für Volkswirtschaftslehre
• (where): Lüneburg
• (when): 2014

Further information

• Handle: http://hdl.handle.net/10419/95908
• Last update: 10.03.2025, 11:44 AM CET