Providing new products by innovative entrepreneurs in Europe

  1. Jorge Velilla 1
  2. Raquel Ortega 1
  1. 1 Universidad de Zaragoza
    info

    Universidad de Zaragoza

    Zaragoza, España

    ROR https://ror.org/012a91z28

Revista:
Economics and Business Letters

ISSN: 2254-4380

Año de publicación: 2020

Volumen: 9

Número: 2

Páginas: 90-96

Tipo: Artículo

DOI: 10.17811/EBL.9.2.2020.90-96 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

Otras publicaciones en: Economics and Business Letters

Repositorio institucional: lock_openAcceso abierto Editor

Resumen

This paper addresses the individual factors that determine the provision of new products by entrepreneurs in Europe. To that end, we use the GEM 2014 Adult Population Survey, for sixteen European Countries, focusing on the demographic, economic, and environmental characteristics of this specific group of entrepreneurs. Our results indicate that education, experience, entrepreneurial skills, and income levels are the primary determinants in offering a new product. We also show that, in the case of ‘baby’ business owners, only the fear of failure and knowing other entrepreneurs are significant factors, while for nascent entrepreneurs, age, education, family size, income, and the social consideration of entrepreneurship also show significant correlations with the probability of offering new products.

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