Two professors and a doctoral student today received the Office of Advocacy's "Best Paper" award at the Babson College Entrepreneurship Research Conference held in Madrid, Spain. The award honors Dr. Timothy Folta of Purdue University, Dr. Frederic Delmar of Ecole de Management de Lyon, and doctoral student Karl Wennberg of the Stockholm School of Economics for their paper A Real Options Model of Stepwise Entry into Self-Employment.
The paper examines how potential entrepreneurs approach self-employment. The authors analyzed the self-employment decisions of persons employed in Swedish knowledge-intensive industries in 1997. They found that potential entrepreneurs use a part-time strategy to test the entrepreneurial waters, by easing their way into self-employment.
"A Real Options Model of Stepwise Entry into Self-Employment is an excellent example of the type of scholarship that our Best Paper Award is intended to highlight," said Dr. Chad Moutray, Chief Economist for the Office of Advocacy. "This kind of research provides a sound theoretical base for public policy choices, in this case, determining the best ways to encourage local entrepreneurship," he said.
The Office of Advocacy, the "small business watchdog" of the federal government, examines the role and status of small business in the economy and independently represents the views of small business to federal agencies, Congress, and the President. It is the source for small business statistics presented in user-friendly formats, and it funds research into small business issues.
For more information and a copy of the working paper, visit the Office of Advocacy website at www.sba.gov/advo.
Washington - June 8, 2007
Release Number: 07-17 ADVO
Contact: John McDowell, (202) 205-6941,
john.mcdowell@sba.gov
Information courtesy of the Small Business Administration.
