Proceedings of the Twenty-First Annual
Entrepreneurship Research Conference

Sponsored by
Arthur M. Blank Center for Entrepreneurship
Babson College
Babson Park, Massachusetts 02457-0310

Kauffman Center
for Entrepreneurial Leadership
Kansas City, Missouri 64112-2776

Co-sponsored by
Jönköping International Business School
Jönköping University
Jönköping, Sweden

Swedish Foundation
for Small Business Research
Örebro and Stockholm, Sweden

Edited by
William D. Bygrave
Babson College

Erkko Autio
Helsinki University of Technology

Candida G. Brush
Boston University

Per Davidsson
Jönköping International Business School

Patricia G. Green
University of Missouri/Kansas City

Paul D. Reynolds
Babson College/London Business School

Harry J. Sapienza
University of Minnesota