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Max-Planck-Institut für Ökonomik, Jena >
Discussion Papers on Entrepreneurship, Growth and Public Policy, MPI für Ökonomik >
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http://hdl.handle.net/10419/24908
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| DC Field | | Value | | Language |
| dc.contributor.author | | Schutjens, Veronique | | en_US |
| dc.contributor.author | | Stam, Erik | | en_US |
| dc.date.accessioned | | 2006-05-24 | | en_US |
| dc.date.accessioned | | 2009-05-08T15:23:27Z | | - |
| dc.date.available | | 2009-05-08T15:23:27Z | | - |
| dc.date.issued | | 2006 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/24908 | | - |
| dc.description.abstract | | We 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.iso | | eng | | en_US |
| dc.publisher | | Max-Planck-Inst. für Ökonomik Jena | | en_US |
| dc.relation.ispartofseries | | Papers on entrepreneurship, growth and public policy 1006 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | serial entrepreneurship | | en_US |
| dc.subject.keyword | | business closure | | en_US |
| dc.subject.keyword | | entrepreneurial intentions | | en_US |
| dc.subject.keyword | | new business formation | | en_US |
| dc.subject.keyword | | The Netherlands | | en_US |
| dc.title | | Starting anew: entrepreneurial intentions and realizations subsequent to business closure | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 512258252 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Discussion Papers on Entrepreneurship, Growth and Public Policy, MPI für Ökonomik
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