Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/24904
Authors: 
Stam, Erik
Audretsch, David B.
Meijaard, Joris
Year of Publication: 
2006
Series/Report no.: 
Papers on entrepreneurship, growth and public policy 0606
Abstract: 
Why should individuals that have exited their firm consider re-entering into entrepreneurship, i.e. become renascent entrepreneurs? According to the logic of economic models of firm dynamics there is no reason to re-enter into entrepreneurship following termination of a previous firm. In contrast, research on nascent entrepreneurship has shown the positive effect of entrepreneurial experience on planning a new firm start. Based on the empirical evidence from a database consisting of ex-entrepreneurs, this study shows that renascent entrepreneurship is a pervasive phenomenon in current society. Especially entrepreneurial human and social capital induce renascent entrepreneurship. In addition, the nature of the firm exit also affects the probability of renascent entrepreneurship.
Subjects: 
entrepreneurial preferences
entrepreneurial skills
firm exit
renascent entrepreneurship
economics of entrepreneurship
Document Type: 
Working Paper

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