Abstract

We test a new model explaining the entrepreneurial decision using a process of successive engagement levels. The contribution of the present paper is that, first, while in earlier studies only a multinomial logit model has been used, here we extend this framework to an ordered context. Hence, we investigate whether there is a natural ordering of the dependent variable supporting the view of entrepreneurship as a process. Secondly, we determine which variables ‘drive’ (potential) entrepreneurs through this process.

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