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|Title:||Renascent entrepreneurship: entrepreneurial preferences subsequent to firm exit |
Audretsch, David B.
|Issue Date:||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.|
economics of entrepreneurship
|Document Type:||Working Paper|
|Appears in Collections:||Discussion Papers on Entrepreneurship, Growth and Public Policy, Max-Planck-Institut für Ökonomik|
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