New Firm Creation in the United States

Initial Explorations with the PSED II Data Set

  • Richard T. Curtin
  • Paul D. Reynolds

Part of the International Studies in Entrepreneurship book series (ISEN, volume 23)

Table of contents

  1. Front Matter
    Pages i-xvii
  2. Nascent Entrepreneurs

    1. Front Matter
      Pages 18-18
    2. Paul D. Reynolds, Richard T. Curtin
      Pages 1-15
    3. Amy E. Davis, Kelly G. Shaver
      Pages 19-34
    4. Diana M. Hechavarria, Mark T. Schenkel, Charles H. Matthews
      Pages 35-49
    5. Charles H. Matthews, Mark T. Schenkel, Diana M. Hechavarria
      Pages 51-67
  3. Start-Up Teams

    1. Front Matter
      Pages 70-70
    2. Amy E. Davis, Kyle C. Longest, Phillip H. Kim, Howard E. Aldrich
      Pages 71-94
    3. Martin Ruef, Bart Bonikowski, Howard E. Aldrich
      Pages 95-114
    4. M. Diane Burton, Phillip C. Anderson, Howard E. Aldrich
      Pages 115-133
  4. The Start-Up Process

    1. Front Matter
      Pages 136-136
    2. Mark T. Schenkel, Diana M. Hechavarria, Charles H. Matthews
      Pages 157-183
    3. William B. Gartner, Casey J. Frid, John C. Alexander, Nancy M. Carter
      Pages 185-216
  5. Emergence of a New Firm

    1. Front Matter
      Pages 218-218
    2. Claudia B. Schoonhoven, M. Diane Burton, Paul D. Reynolds
      Pages 219-237
    3. Tatiana S. Manolova, Candida G. Brush, Linda F. Edelman
      Pages 239-259
  6. Cross-Study Comparisons

    1. Front Matter
      Pages 262-262
    2. Alicia Robb, Paul D. Reynolds
      Pages 279-302
    3. Paul D. Reynolds, Richard T. Curtin
      Pages 303-306
  7. Back Matter
    Pages 307-342

About this book


The study of firm creation is becoming a focal point of business research, education, practice, and policymaking. Currently, it is estimated that 12 million people in the United States are involved in business start-ups; the phenomenon is embedded in the American culture—and in many others around the world. The Panel Study of Entrepreneurial Dynamics (PSED) research program is designed to enhance the scientific understanding of how people start businesses, by gathering and providing primary data on the business creation process. The first data collection (PSED I) was initiated in 1998 and three follow-up surveys were completed by 2004. The second (PSED II), supported by the Ewing Marion Kauffman Foundation, the U.S. Small Business Administration, and the National Science Foundation, was initiated in 2005. Harmonized projects have been implemented in seven other countries. This volume, including contributions from the organizers and advisory committee members, presents assessments based on the initial and first follow-up PSED II data; two more follow-ups are in process. The book highlights key implications and applications and includes chapters covering entrepreneurial behavior, demographic and gender factors, financing the emerging business, ownership arrangements, and the roles of social capital and technology. Other assessments focus on the nature of those active as nascent entrepreneurs, the activities undertaken during the start-up process, and the characteristics of start-up efforts that become new firms; the appendix provides a detailed discussion of the data collection procedures. The result is an introduction to the theories, conceptualizations, approaches, and measurement of the business creation process. This book will be a valuable guide for those interested in business creation for research or policy objectives.


Business Administration Change Entrepreneurs Entrepreneurship Motivation Nascent entrepreneurship Team business education entrepreneur finance foundation planning social capital start-up

Editors and affiliations

  • Richard T. Curtin
  • Paul D. Reynolds

There are no affiliations available

Bibliographic information