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Effects of entrepreneurship education at universities

Author

Listed:
  • Viktor Slavtchev

    (Friedrich-Schiller-University Jena, School of Economics and Business Administration)

  • Stavroula Laspita

    (Technical University Munich, TUM School of Management, and EBS European Business School, Chair for Entrepreneurship, Strascheg Institute for Innovation and Entrepreneurship (SIIE))

  • Holger Patzelt

    (Technical University Munich, TUM School of Management)

Abstract

This study analyzes the impact of entrepreneurship education at universities on the intentions of students to become entrepreneurs or self-employed in the short-term (immediately after graduation) and in the long-term (five years after graduation). A difference-in-differences approach is applied that relates changes in entrepreneurial intentions to changes in the attendance of entrepreneurship classes in the same period. To account for a potential bias due to self-selection into entrepreneurship classes, only individuals having no prior entrepreneurial intentions are analyzed. Our results indicate a stimulating effect of entrepreneurship education on students' intentions to become entrepreneurs or self-employed in the long-term but a discouraging effect on their intentions in the short-term. These results support the conjecture that entrepreneurship education provides more realistic perspectives on what it takes to be an entrepreneur, resulting in 'sorting'. Overall, the results indicate that entrepreneurship education may improve the quality of labor market matches, the allocation of resources and talent, and increase social welfare. Not distinguishing between short- and long-term intentions may lead to misleading conclusions regarding the economic and social impact of entrepreneurship education.

Suggested Citation

  • Viktor Slavtchev & Stavroula Laspita & Holger Patzelt, 2012. "Effects of entrepreneurship education at universities," Jena Economics Research Papers 2012-025, Friedrich-Schiller-University Jena.
    • Handle: RePEc:jrp:jrpwrp:2012-025
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    References listed on IDEAS

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    Cited by:

    1. Laspita, Stavroula & Sitaridis, Ioannis & Kitsios, Fotis & Sarri, Katerina, 2023. "Founder or employee? The effect of social factors and the role of entrepreneurship education," Journal of Business Research, Elsevier, vol. 155(PA).
    2. Renata Dana Nitu-Antonie & Emoke-Szidónia Feder, 2015. "The Role of Economic Academic Education on Entrepreneurial Behaviour," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(38), pages 261-261, February.
    3. Deepak Pandit & Maheshkumar P. Joshi & Shalini Rahul Tiwari, 2018. "Examining Entrepreneurial Intention in Higher Education: An Exploratory Study of College Students in India," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 27(1), pages 25-46, March.
    4. Francis J. Greene, 2021. "Stimulating Youth Entrepreneurship," Springer Books, in: Thomas M. Cooney (ed.), The Palgrave Handbook of Minority Entrepreneurship, edition 1, pages 159-178, Springer.
    5. Tae Jun Bae & Shanshan Qian & Chao Miao & James O. Fiet, 2014. "The Relationship between Entrepreneurship Education and Entrepreneurial Intentions: A Meta–Analytic Review," Entrepreneurship Theory and Practice, , vol. 38(2), pages 217-254, March.

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    More about this item

    Keywords

    entrepreneurship education; university; entrepreneurial intentions; academic entrepreneurship; difference-in-differences approach;
    All these keywords.

    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • I20 - Health, Education, and Welfare - - Education - - - General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate

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