What Are The Factors That Affect Socio-Economic Performance?

FACTOR THAT AFFECTS ENTREPRENEURSHIP FOR IMMIGRANT IMPACT AND RELEVANCE

DEMOGRAPHICAL COMPOSITION The probability of becoming self-employed is found to increase with age. In the Netherlands. The population of immigrant groups is substantially younger than the native population.

HUMAN CAPITAL Human capital and entrepreneurship are generally found to be positively correlated

EDUCATION. People with higher levels education are more likely to be an entrepreneur and their enterprises are more profitable.

KNOWLEDGE AND FLUENCY OF THE DUTCH LANGUAGE. Being able to speak, read and write in the language of the country resident, increases efficiently the possibilities of obtaining relevant information during the start-up company, on the other hand, allows the entrepreneur to communicate with a group longer range of potential customers.

Banks become a source of first order to obtain resources for the stages of the venture, the other hand, relatives are also sources of funding as well as the spouse. Immigrant entrepreneurs are less likely to receive funds from the bank that entrepreneurs are native (rath, 2000), and therefore often the capital of the family or other members of the group are provided. Therefore, the capacity of financial capital in a group of immigrants stimulate immigrant entrepreneurship rate.

UNEMPLOYMENT High unemployment rates of immigrant groups have a negative impact on the availability of financial capital, and consequently, the rate of immigrant entrepreneurship is affected.

CULTURE Culture can be described as values, norms and attitudes of a group. These values and norms determine the attitude of a group has to various aspects of daily life. On the other hand, culture is an important determinant against risk-taking and entrepreneurship. Therefore, differences in cultural background of immigrants can affect the speed with which enterprises are created in groups of