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Providing new products by innovative entrepreneurs in Europe

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  • Jorge Velilla
  • Raquel Ortega

Abstract

This paper addresses the individual factors that determine the provision of new products by entrepreneurs in Europe. To that end, we use the GEM 2014 Adult Population Survey, for sixteen European Countries, focusing on the  demographic, economic, and environmental characteristics of this specific group of entrepreneurs. Our results indicate that education, experience, entrepreneurial skills, and income levels are the primary determinants in offering a new product. We also show that, in the case of ‘baby’ business owners, only the fear of failure and knowing other entrepreneurs are significant factors, while for nascent entrepreneurs, age, education, family size, income, and the social consideration of entrepreneurship also show significant correlations with the probability of offering new products.

Suggested Citation

  • Jorge Velilla & Raquel Ortega, 2020. "Providing new products by innovative entrepreneurs in Europe," Economics and Business Letters, Oviedo University Press, vol. 9(2), pages 90-96.
    • Handle: RePEc:ove:journl:aid:14121
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    File URL: https://reunido.uniovi.es/index.php/EBL/article/view/14121
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    Cited by:

    1. Bakyt Beknazarov & Roza Niyazbekova & Ussen Amirseitov & Aiganym Kokenova & Marzhan Daurbayeva & Madina Aitkazina, 2020. "Development of entrepreneurship and forms of self-employment in the innovative sectors of the economy," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 209-228, December.
    2. Velilla, Jorge, 2021. "Regional and national results on entrepreneurship using GEM data," MPRA Paper 110323, University Library of Munich, Germany.

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