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dc.contributor.authorParker, Simon C.en
dc.contributor.authorvan Praag, C. Mirjamen
dc.date.accessioned2006-12-19-
dc.date.accessioned2009-05-08T15:23:39Z-
dc.date.available2009-05-08T15:23:39Z-
dc.date.issued2006-
dc.identifier.urihttp://hdl.handle.net/10419/24924-
dc.description.abstractWe 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
dc.language.isoengen
dc.publisher|aMax Planck Institute of Economics |cJenaen
dc.relation.ispartofseries|aPapers on Entrepreneurship, Growth and Public Policy |x2606en
dc.subject.ddc330en
dc.titleThe entrepreneur's mode of entry: Business takeover or new venture start?-
dc.typeWorking Paperen
dc.identifier.ppn521297494en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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