Entrepreneurship in recession : entrepreneurs, firms & performance
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This thesis is a foundational work for PhD in the same topic that I have applied for at the Norwegian School of Economics. It discusses the theoretical background of the research area, the research questions and the variables implicit in those research questions, how those variables have been measured in existing literature and how I aim to measure them, the statistical approaches and the significance of the study to various stakeholders. The broader question I aim to answer in my study is – how do the firms founded during recessions compare to the economic-growth cohort with regards to the characteristics of entrepreneurs starting them, the firm-level characteristics and the performance of the firms. I believe that the relevance of this study is highlighted by the recent recession, the effects of which are still evident in almost every world economy. Throughout the thesis, I have reflected on the work done so far in related areas that could shed light into my proposed work. I have referred to significant amount of literature assessing the caveats in past studies in entrepreneurial studies in general. I have discussed their methodological approaches and analyzed their relevance to my proposed work. After rigorous review of literature, I found that there has been very little work done in this particular area of entrepreneurship. I believe that my study will have some significant takeaways for entrepreneurs, businesses in general, policy makers and entrepreneurship literature.