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Table 4 Descriptive statistics on perceived experience and formalization

From: Striving for a life out of shadows: informal entrepreneurial dynamics in time of crisis

Encoded questions

Other elements

Rows in %

I have already experienced entrepreneurship

Closed family

46.91

Educational institution

9.45

None

9.12

Other acquaintances

34.53

I am striving to develop my business from informal to formal

N.A

21.5

No

35.18

Yes

43.32

I have developed my business from informal to formal

N.A

28.34

No

35.18

Yes

36.48

  1. Source: The authors