The Women and Entrepreneurship in Armenia

Abstract

Entrepreneurs are creators of wealth, new jobs, new products and services. These Schumpeterian entrepreneurs destroy the existing market equilibrium with their innovations and create a new one. Despite these facts, the Armenian scientific community knows very little about their motivations, their unique talents and psychological characteristics, human capital and family background. In 2013-2014 the author with closed, fixed-response interview examined 153 Armenian founders of commercial organizations. She studied gender differences in age, marital status, formal education, work experience, family background, motives, self-assessment of leadership skills and risk-taking behavior.