A process for the preparation of a pentenoic acid or a pentenoate ester by carbonylating butadiene, a butadiene derivative, or a mixture thereof, said process comprising carbonylating said butadiene, butadiene derivative, or mixture thereof in a reaction mixture in the presence of (i) carbon monoxide, (ii) methanol, ethanol, or a mixture thereof, and (iii) a catalyst system comprising palladium, a sterically hindered carboxylic acid with a pKa of less than 4.5, and a monodentate phosphine ligand, wherein in said reaction mixture,
- the molar ratio of said butadiene, butadiene derivative, or mixture thereof to said palladium is less than about 70:1,
- the molar ratio of said carboxylic acid to said palladium is greater than about 10:1, and
- the molar ratio of said methanol or ethanol to said butadiene, butadiene derivative, or mixture thereof is less than about 2:1, said molar ratios being substantially maintained throughout said carbonylation.