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Opportunity Recognition: Examining How Search Formality and Search Processes Relate to the Reasons for Pursuing EntrepreneurshipGerald E. Hillsaffiliation not provided to SSRN Robert P. Singhaffiliation not provided to SSRN G. T. LumpkinTexas Tech University - Rawls College of Business Jurgita Baltrusaityte-AxelsonBaltic International Centre for Economic Policy Studies (BICEPS) 2006 Babson College, Babson Kauffman Entrepreneurship Research Conference (BKERC), 2002-2006 Abstract: Opportunity recognition (OpR) is a central concept in the field of entrepreneurship. Fundamental questions related to OpR were investigated by the Panel Study of Entrepreneurial Dynamics (PSED). Drawing on the PSED data, this paper addresses several questions that have been proposed in prior research. These include whether OpR is externally or internally stimulated, the number of ideas nascent entrepreneurs considered before choosing one, sources of entrepreneurial opportunities, and the extent to which the OpR process was either systematic or "accidental." Ordered logit analysis were used to investigate why entrepreneurs pursue opportunities.
Keywords: Entrepreneurship JEL Classification: M13 Accepted Paper SeriesDate posted: February 28, 2011Suggested CitationContact Information
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