EconStor >
Academy of Entrepreneurial Finance (AEF), Montrose, CA >
The Journal of Entrepreneurial Finance (JEF) >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/55928
  
Title:Early work experience and the transition into entrepreneurship PDF Logo
Authors:Colombatto, Enrico
Melnik, Arie
Issue Date:2007
Citation:[Journal:] Journal of Entrepreneurial Finance, JEF [ISSN:] 1551-9570 [Volume:] 12 [Year:] 2007 [Issue:] 1 [Pages:] 9-25
Abstract:We use a simple model to analyze the founding stage of new firms. Our goal is to characterize the directional causality between the expected rewards from entrepreneurship and the length of prior labor market experience that entrepreneurs possess. We test predictions about the timing of the formation of new firms on a sample of Italian entrepreneurs. We obtain three main results. First, the timing of the foundation of new firms is determined primarily by the expectation of higher income and not so much by the perception of risk. Second earlier experience of entrepreneurs in full time employment has a positive impact on the size of newly founded firms. Third, founders who work with family partners establish and control larger firms.
Document Type:Article
Appears in Collections:The Journal of Entrepreneurial Finance (JEF)

Files in This Item:
File Description SizeFormat
663204704.pdf345.33 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/55928

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.