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https://hdl.handle.net/10419/24908
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DC Field | Value | Language |
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dc.contributor.author | Schutjens, Veronique | en |
dc.contributor.author | Stam, Erik | en |
dc.date.accessioned | 2006-05-24 | - |
dc.date.accessioned | 2009-05-08T15:23:27Z | - |
dc.date.available | 2009-05-08T15:23:27Z | - |
dc.date.issued | 2006 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aMax Planck Institute of Economics |cJena | en |
dc.relation.ispartofseries | |aPapers on Entrepreneurship, Growth and Public Policy |x1006 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | serial entrepreneurship | en |
dc.subject.keyword | business closure | en |
dc.subject.keyword | entrepreneurial intentions | en |
dc.subject.keyword | new business formation | en |
dc.subject.keyword | The Netherlands | en |
dc.title | Starting anew: Entrepreneurial intentions and realizations subsequent to business closure | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 512258252 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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