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The study of firm creation is becoming a focal point of business research, education, practice, and policymaking. Currently, it is estimated that 12 million people in the United States are involved in business start-ups; the phenomenon is embedded in the American culture—and in many others around the world. The Panel Study of Entrepreneurial Dynamics (PSED) research program is designed to enhance the scientific understanding of how people start businesses, by gathering and providing primary data on the business creation process. The first data collection (PSED I) was initiated in 1998 and three follow-up surveys were completed by 2004. The second (PSED II), supported by the Ewing Marion Kauffman Foundation, the U.S. Small Business Administration, and the National Science Foundation, was initiated in 2005. Harmonized projects have been implemented in seven other countries. This volume, including contributions from the organizers and advisory committee members, presents assessments based on the initial and first follow-up PSED II data; two more follow-ups are in process. The book highlights key implications and applications and includes chapters covering entrepreneurial behavior, demographic and gender factors, financing the emerging business, ownership arrangements, and the roles of social capital and technology. Other assessments focus on the nature of those active as nascent entrepreneurs, the activities undertaken during the start-up process, and the characteristics of start-up efforts that become new firms; the appendix provides a detailed discussion of the data collection procedures. The result is an introduction to the theories, conceptualizations, approaches, and measurement of the business creation process. This book will be a valuable guide for those interested in business creation for research or policy objectives.

Duality theory (Mathematics). --- Entrepreneurship --Psychological aspects. --- New business enterprises --United States. --- Von Neumann algebras --Crossed products. --- New business enterprises --- Entrepreneurship --- Management Styles & Communication --- Economic Theory --- Management --- Business & Economics --- Psychological aspects --- Business starts --- Development stage enterprises --- How to start a business --- New companies --- Start-up business enterprises --- Start-up companies --- Start-ups (Business enterprises) --- Starting a business --- Startups (Business enterprises) --- 531.19 <063> --- 536.75 <063> --- Statistical mechanics--Congressen --- Entropy. Statistical thermodynamics. Irreversible processes--Congressen --- Renormalization group --- 536.75 <063> Entropy. Statistical thermodynamics. Irreversible processes--Congressen --- 531.19 <063> Statistical mechanics--Congressen --- Business. --- Management science. --- Entrepreneurship. --- Industrial psychology. --- Business and Management. --- Business and Management, general. --- Industrial, Organisational and Economic Psychology. --- 536 --- 536 Heat. Thermodynamics --- Heat. Thermodynamics --- 512 --- 512 Algebra --- Algebra --- Statistical physics --- Analytical spaces --- Business enterprises --- Business incubators --- Von Neumann algebras --- Psychological aspects. --- Crossed products. --- Critical phenomena (Physics) --- Congresses. --- Congresses --- Applied psychology. --- Industrial and Organizational Psychology. --- Applied psychology --- Psychagogy --- Psychology, Practical --- Social psychotechnics --- Psychology --- Trade --- Economics --- Commerce --- Industrial management --- Entrepreneur --- Intrapreneur --- Capitalism --- Business psychology --- Industrial psychology --- Psychotechnics --- Industrial engineering --- Personnel management --- Psychology, Applied --- Industrial psychologists --- Quantitative business analysis --- Problem solving --- Operations research --- Statistical decision --- Hydrodynamics. --- Critical phenomena (Physics) - Congresses --- Renormalization group - Congresses --- Critical phenomena --- Phase transformations (statistical physics) --- Algebres topologiques --- Algebres de von neumann