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Stam, Erik
Audretsch, David B.
Meijaard, Joris
Year of Publication: 
Series/Report no.: 
Papers on Entrepreneurship, Growth and Public Policy 0606
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.
entrepreneurial preferences
entrepreneurial skills
firm exit
renascent entrepreneurship
economics of entrepreneurship
Document Type: 
Working Paper

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