J
JUju2005
Guest
WELLESLEY, Mass., / -- Black Americans are twice as
likely as white Americans to try to start a business, according to a study
by Dr. Philipp Koellinger of the German Institute for Economic Research and
Babson College and Economics and Entrepreneurship Professor Maria Minniti.
The full article, "Not For Lack Of Trying: American Entrepreneurship In
Black And White," also found that black Americans tend to exhibit more
optimistic perceptions of their business environment than other racial
groups. However, black entrepreneurs are more likely than white
entrepreneurs to fail in the early stages of the entrepreneurial process.
The findings are based on a sample obtained from the Global
Entrepreneurship Monitor survey conducted in the United States during the
summer of 2002. GEM is led by Babson College and London Business School.
According to U.S. Bureau of the Census 1993 figures, approximately
11.6% of white workers are self-employed but only 3.8% of black workers are
self-employed. Minniti and Koellinger research suggests that such a lack of
participation in business ownership among blacks is not due to a lack of
entrepreneurial propensity.
"Just the opposite," said Prof. Minniti. "We find that black Americans
tend to exhibit more optimistic perceptions of their business environment
than other racial groups. Thus, our results suggest that the
under-representation of black Americans among established entrepreneurs is
not due to lack of trying but may instead be due to stronger barriers to
entry and higher failure rates.
The German Institute for Economic Research is one of the leading
research institutes in Germany. It is an independent, non-profit academic
institution which is involved in basic research and policy advice. DIW
Berlin was originally founded in 1925 as Institute for Business Cycle
Research and was later renamed the German Institute for Economic Research.
Babson College in Wellesley, Mass., is recognized internationally as a
leader in entrepreneurial management education. Babson grants BS degrees
through its innovative undergraduate program, and grants MBA and custom MS
and MBA degrees through the F.W. Olin Graduate School of Business at Babson
College. Babson Executive Education offers executive development programs
to experienced managers worldwide. For information, visit
http://www.babson.edu.
SOURCE Babson College
likely as white Americans to try to start a business, according to a study
by Dr. Philipp Koellinger of the German Institute for Economic Research and
Babson College and Economics and Entrepreneurship Professor Maria Minniti.
The full article, "Not For Lack Of Trying: American Entrepreneurship In
Black And White," also found that black Americans tend to exhibit more
optimistic perceptions of their business environment than other racial
groups. However, black entrepreneurs are more likely than white
entrepreneurs to fail in the early stages of the entrepreneurial process.
The findings are based on a sample obtained from the Global
Entrepreneurship Monitor survey conducted in the United States during the
summer of 2002. GEM is led by Babson College and London Business School.
According to U.S. Bureau of the Census 1993 figures, approximately
11.6% of white workers are self-employed but only 3.8% of black workers are
self-employed. Minniti and Koellinger research suggests that such a lack of
participation in business ownership among blacks is not due to a lack of
entrepreneurial propensity.
"Just the opposite," said Prof. Minniti. "We find that black Americans
tend to exhibit more optimistic perceptions of their business environment
than other racial groups. Thus, our results suggest that the
under-representation of black Americans among established entrepreneurs is
not due to lack of trying but may instead be due to stronger barriers to
entry and higher failure rates.
The German Institute for Economic Research is one of the leading
research institutes in Germany. It is an independent, non-profit academic
institution which is involved in basic research and policy advice. DIW
Berlin was originally founded in 1925 as Institute for Business Cycle
Research and was later renamed the German Institute for Economic Research.
Babson College in Wellesley, Mass., is recognized internationally as a
leader in entrepreneurial management education. Babson grants BS degrees
through its innovative undergraduate program, and grants MBA and custom MS
and MBA degrees through the F.W. Olin Graduate School of Business at Babson
College. Babson Executive Education offers executive development programs
to experienced managers worldwide. For information, visit
http://www.babson.edu.
SOURCE Babson College
