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dc.contributor.authorSchutjens, Veroniqueen_US
dc.contributor.authorStam, Eriken_US
dc.date.accessioned2006-05-24en_US
dc.date.accessioned2009-05-08T15:23:27Z-
dc.date.available2009-05-08T15:23:27Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/24908-
dc.description.abstractWe know that most businesses fail. But what is not known is to what extent failed ex-entrepreneurs set up in business again. The objective of this article is to explore potential and realized serial entrepreneurship. Based on three disciplines - psychology, labour economics, and the sociology of careers - we formulated propositions to explain (potential) serial entrepreneurship. We tested these propositions empirically with a longitudinal database of 79 businesses that had closed within 5 years after start-up. A large majority of the ex-entrepreneurs maintained entrepreneurial intentions subsequent to business closure, while almost one in four business closures were followed by a new business (serial entrepreneurship). Our results show that the determinants of restart intention (potential serial entrepreneurship) and actual restart realization (realized serial entrepreneurship) are different. Ex-entrepreneurs who are young, who worked full-time in their prior business, and who recall their business management experience positively are likely to harbour restart intentions. Only 'being located in an urban region' transpired to have a significant effect on the start of a new business. Although entrepreneurial intentions are a necessary condition for the start of a new business, this study shows that the explanation of entrepreneurial intentions is distinct from the explanation of new business formation subsequent to business closure.en_US
dc.language.isoengen_US
dc.publisherMax-Planck-Inst. für Ökonomik Jenaen_US
dc.relation.ispartofseriesPapers on entrepreneurship, growth and public policy 1006en_US
dc.subject.ddc330en_US
dc.subject.keywordserial entrepreneurshipen_US
dc.subject.keywordbusiness closureen_US
dc.subject.keywordentrepreneurial intentionsen_US
dc.subject.keywordnew business formationen_US
dc.subject.keywordThe Netherlandsen_US
dc.titleStarting anew: entrepreneurial intentions and realizations subsequent to business closureen_US
dc.typeWorking Paperen_US
dc.identifier.ppn512258252en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Discussion Papers on Entrepreneurship, Growth and Public Policy, MPI für Ökonomik

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