@techreport{CaliendoKritikosStier2022,
  type      = {Working Paper},
  author    = {Caliendo, Marco and Kritikos, Alexander and Stier, Claudia},
  title     = {The Influence of Start-up Motivation on Entrepreneurial Performance},
  series = {CEPA Discussion Papers},
  journal   = {CEPA Discussion Papers},
  number    = {59},
  issn      = {2628-653X},
  doi       = {10.25932/publishup-57115},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-571152},
  pages     = {43},
  year      = {2022},
  abstract  = {Predicting entrepreneurial development based on individual and business-related characteristics is a key objective of entrepreneurship research. In this context, we investigate whether the motives of becoming an entrepreneur influence the subsequent entrepreneurial development. In our analysis, we examine a broad range of business outcomes including survival and income, as well as job creation, expansion and innovation activities for up to 40 months after business formation. Using self-determination theory as conceptual background, we aggregate the start-up motives into a continuous motivational index. We show - based on a unique dataset of German start-ups from unemployment and non-unemployment - that the later business performance is better, the higher they score on this index. Effects are particularly strong for growth oriented outcomes like innovation and expansion activities. In a next step, we examine three underlying motivational categories that we term opportunity, career ambition, and necessity. We show that individuals driven by opportunity motives perform better in terms of innovation and business expansion activities, while career ambition is positively associated with survival, income, and the probability of hiring employees. All effects are robust to the inclusion of a large battery of covariates that are proven to be important determinants of entrepreneurial performance.},
  language  = {en}
}
@techreport{CaliendoKuennWeissenberger2019,
  type      = {Working Paper},
  author    = {Caliendo, Marco and K{\"u}nn, Steffen and Weißenberger, Martin},
  title     = {Catching up or Lagging Behind?},
  series = {CEPA Discussion Papers},
  journal   = {CEPA Discussion Papers},
  number    = {12},
  issn      = {2628-653X},
  doi       = {10.25932/publishup-43701},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-437012},
  year      = {2019},
  abstract  = {From an active labor market policy perspective, start-up subsidies for unemployed individuals are very effective in improving long-term labor market outcomes for participants. From a business perspective, however, the assessment of these public programs is less clear since they might attract individuals with low entrepreneurial abilities and produce businesses with low survival rates and little contribution to job creation, economic growth, and innovation. In this paper, we use a rich data set to compare participants of a German start-up subsidy program for unemployed individuals to a group of regular founders who started from nonunemployment and did not receive the subsidy. The data allows us to analyze their business performance up until 40 months after business formation. We find that formerly subsidized founders lag behind not only in survival and job creation, but especially also in innovation activities. The gaps in these business outcomes are relatively constant or even widening over time. Hence, we do not see any indication of catching up in the longer run. While the gap in survival can be entirely explained by initial differences in observable start-up characteristics, the gap in business development remains and seems to be the result of restricted access to capital as well as differential business strategies and dynamics. Considering these conflicting results for the assessment of the subsidy program from an ALMP and business perspective, policy makers need to carefully weigh the costs and benefits of such a strategy to find the right policy mix.},
  language  = {en}
}