The economic contributional entrepreneurship education: An evaluation with an established program

Alberta Charney; Gary D. Libecap

doi:10.1016/S1048-4736(00)12002-8

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Advances in the Study of Entrepreneurship, Innovation & Economic Growth

ISSN: 1048-4736
Series editor(s): Sherry Hoskinson and Donald Kuratko

Subject Area: Enterprise and Innovation

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The economic contributional entrepreneurship education: An evaluation with an established program

Document Information:
Title:	The economic contributional entrepreneurship education: An evaluation with an established program
Author(s):	Alberta Charney, Gary D. Libecap
Volume:	12 Editor(s): Gary D. Libecap ISBN: 978-0-76230-689-3 eISBN: 978-1-84950-066-1
Citation:	Alberta Charney, Gary D. Libecap (2000), The economic contributional entrepreneurship education: An evaluation with an established program, in Gary D. Libecap (ed.) Entrepreneurship and economic growth in the American economy (Advances in the Study of Entrepreneurship, Innovation & Economic Growth, Volume 12), Emerald Group Publishing Limited, pp.1-45
DOI:	10.1016/S1048-4736(00)12002-8 (Permanent URL)
Publisher:	Emerald Group Publishing Limited
Article type:	Full length article
Abstract:	In this chapter, Charney and Libecap report on their analysis of the 15-year old entrepreneurship program at the University of Arizona. 2,484 business school graduates, including 460 of the entrepreneurship program, were surveyed in a study indicating that entrepreneurship education has been highly advantageous for not only its graduates but also the companies they lead or work for. Among several key findings: compared to other graduates, alumni of the Berger Entrepreneurship Program make more money and their firms grow more rapidly; they are more likely to work for high-tech companies and to be instrumental in new product development. Compared to other alumni, entrepreneurship graduates are three times more likely to start new businesses; have annual incomes that are 27% higher and own 62% more assets. This study represents the first, in-depth analysis of entrepreneurship education and its results indicate that the investment is a valuable one.