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Skills, Scope, and Success: An Empirical Look at the Start-up Process in Creative Industries in Germany

Author

Listed:
  • Kohn, Karsten

    (KfW Bankengruppe)

  • Wewel, Solvejg A.

    (Boston College)

Abstract
Creative industries comprise enterprises focusing on the creation, production, and distribution of creative or cultural goods and services. Following an explorative empirical approach, we analyze start-ups in creative industries regarding three issues along the start-up process: (1) personal characteristics of creative entrepreneurs, (2) their use of labor and capital as input factors, and (3) start-up success as measured by start-up survival, degree of innovativeness, and change in household income. Based on individual-level data from the KfW Start-up Monitor, a large-scale survey on entrepreneurship in Germany, our regression results show that entrepreneurs in creative industries tend to be younger and better educated than entrepreneurs in other economic sectors. Businesses in creative industries are prevalently started on a small scale, as part-time occupations, and with less financial resources. Yet they show a higher persistence and an above-average degree of innovativeness.

Suggested Citation

  • Kohn, Karsten & Wewel, Solvejg A., 2018. "Skills, Scope, and Success: An Empirical Look at the Start-up Process in Creative Industries in Germany," IZA Discussion Papers 11650, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp11650
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    References listed on IDEAS

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    Cited by:

    1. Katarzyna Szara, 2019. "Technology as a stimulus for the development of creative capital at the local level on the example of municipalities of the Podkarpackie Voi-vodeship," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 18(4), pages 499-514, December.
    2. Tai-Ming Wut & Wai-Tung Chan & Stephanie W. Lee, 2021. "Unconventional Entrepreneurship: Women Handicraft Entrepreneurs in a Market-Driven Economy," Sustainability, MDPI, vol. 13(13), pages 1-13, June.

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    More about this item

    Keywords

    creative industries; cultural industries; entrepreneurship; business start-ups; start-up decision; start-up success; innovation;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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