Entrepreneurs and Recessions: Do Downturns Matter?
6 Pages Posted: 16 Jul 2009
Date Written: December 15, 2008
The relationship between company success and economic conditions at the time of a company's founding is ill-understood. Do weak economic conditions at the start lead to fewer companies founded? Do weak conditions lead to fewer successful companies? Do companies founded in better economic times fare better than those founded during recessions? The answers to these questions are important because of the central role that entrepreneurial ventures play in our economy, from job creation, to innovation, to improvements in our overall standard of living and GDP.
Keywords: downturn, recession, economic conditions, company success, entrepreneurship, entrepreneurial, innovation
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