Nascent entrepreneurship and beyond
The Panel Study of Entrepreneurial Dynamics research paradigm covers all types of firm creation drawn from a representative sample of nascent enterprises, and includes a wide range of independent variables that tracks the initiatives from inception into the early years of an operational new firm. It complements, but does not replace, other research paradigms for the study of new firm creation. The absence of such a data set has been a major impediment to the development of a full understanding of the firm creation process.
The second, and closely related, contribution is information on the extent to which firm creation is a major activity in the Sweden, the nature and extent of the resources brought to bear on this activity and the proportion that succeed in launching a new firm. Because the project represents all business start-up activity in Sweden, inferences about the entire population of 110 000 nascent entrepreneurs that are creating 70 000 nascent enterprises are justified. This information has considerable relevance for public policies related to the maintenance of a vigorous entrepreneurial sector in Sweden