Entrepreneurship and growth of entrepreneurial firms in cote d'Ivoire

This article analyses the determinants of individuals’ choice for self‐employment and entrepreneurial success in Cote d'Ivoire. Entrepreneurial activity is found to be undertaken by individuals who succeed in increasing their entrepreneurial abilities and reducing the risk of starting a business through a learning process that takes place through ageing, professional experience, and apprenticeship or, alternatively, formal education. The learning process takes place both before and after entry into the industry, as firms grow into a larger size. However, financial constraints continue to play a major restraining role for entrepreneurship and firm growth.