Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/24908 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorSchutjens, Veroniqueen
dc.contributor.authorStam, Eriken
dc.date.accessioned2006-05-24-
dc.date.accessioned2009-05-08T15:23:27Z-
dc.date.available2009-05-08T15:23:27Z-
dc.date.issued2006-
dc.identifier.urihttp://hdl.handle.net/10419/24908-
dc.description.abstractWe 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.isoengen
dc.publisher|aMax Planck Institute of Economics |cJenaen
dc.relation.ispartofseries|aPapers on Entrepreneurship, Growth and Public Policy |x1006en
dc.subject.ddc330en
dc.subject.keywordserial entrepreneurshipen
dc.subject.keywordbusiness closureen
dc.subject.keywordentrepreneurial intentionsen
dc.subject.keywordnew business formationen
dc.subject.keywordThe Netherlandsen
dc.titleStarting anew: Entrepreneurial intentions and realizations subsequent to business closure-
dc.typeWorking Paperen
dc.identifier.ppn512258252en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Files in This Item:
File
Size
621.58 kB





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