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Max-Planck-Institut für Ökonomik, Jena >
Discussion Papers on Entrepreneurship, Growth and Public Policy, MPI für Ökonomik >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/24924
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Parker, Simon C. | | en_US |
| dc.contributor.author | | van Praag, C. Mirjam | | en_US |
| dc.date.accessioned | | 2006-12-19 | | en_US |
| dc.date.accessioned | | 2009-05-08T15:23:39Z | | - |
| dc.date.available | | 2009-05-08T15:23:39Z | | - |
| dc.date.issued | | 2006 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/24924 | | - |
| dc.description.abstract | | We analyse the decision to become an entrepreneur by either taking over an established business or starting a new venture from scratch. A model is developed which predicts how several individual- and firm-specific characteristics influence entrepreneurs'entry mode. The new venture creation mode is associated with higher levels of schooling and wealth, whereas managerial experience, new venture start-up capital requirements and risk promote the takeover mode. Entrepreneurs whose parents run a family firm are predicted to invest the least in schooling, since schooling reduces search costs and these individuals have the lowest probability of needing to search for a business opportunity outside their family. A sample of data on entrepreneurs from the Netherlands provides broad support for the theory; implications for policy-makers concerned about the survival of family firms lacking within-family successors are discussed. | | 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 2606 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.title | | The entrepreneur's mode of entry: business takeover or new venture start? | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 521297494 | | 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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