Jonathan Levie, Wendy Brown and Laura Galloway
Jonathan Levie and Johan P. de Borst
This study examines the relationship between team size and the potential economic contribution of early-stage and established businesses across 89 countries of the world, using data from the Global Entrepreneurship Monitor (GEM) collected between 2003 and 2012. Team size is measured by the number of owner-managers in the business. Potential economic contribution is measured in a variety of ways, including growth expectation, export propensity, export intensity and product/market innovation. The main findings are that the knowledge intensity of an owner-manager’s business, and the owner-manager’s education level, enhance the positive effect of the size of the owner-manager’s team on the potential economic contribution of their business.