Opportunity Recognition: Examining How Search Formality and Search Processes Relate to the Reasons for Pursuing Entrepreneurship

Posted: 28 Feb 2011

See all articles by Gerald E. Hills

Gerald E. Hills

affiliation not provided to SSRN

Robert P. Singh

affiliation not provided to SSRN

G. T. Lumpkin

Texas Tech University - Rawls College of Business

Jurgita Baltrusaityte-Axelson

Baltic International Centre for Economic Policy Studies (BICEPS)

Date Written: 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

Suggested Citation

Hills, Gerald E. and Singh, Robert P. and Lumpkin, G. T. and Baltrusaityte-Axelson, Jurgita, Opportunity Recognition: Examining How Search Formality and Search Processes Relate to the Reasons for Pursuing Entrepreneurship (2006). Babson College, Babson Kauffman Entrepreneurship Research Conference (BKERC), 2002-2006, Available at SSRN: https://ssrn.com/abstract=1768095

Gerald E. Hills (Contact Author)

affiliation not provided to SSRN

Robert P. Singh

affiliation not provided to SSRN

No Address Available

G. T. Lumpkin

Texas Tech University - Rawls College of Business ( email )

Lubbock, TX 79409
United States

Jurgita Baltrusaityte-Axelson

Baltic International Centre for Economic Policy Studies (BICEPS) ( email )

Alberta str. 13
Riga, LV 1010
Latvia

HOME PAGE: http://www.biceps.org/JBaltrusaityte-Axelson

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