Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/327019 
Year of Publication: 
2023
Citation: 
[Journal:] BRQ Business Research Quarterly [ISSN:] 2340-9444 [Volume:] 26 [Issue:] 2 [Year:] 2023 [Pages:] 167-180
Publisher: 
Sage Publishing, London
Abstract: 
In this article, we apply a proportional hazard model to analyze the determinants of success in a large sample of 1,656 entrepreneurs and former entrepreneurs. We base our research on the theory of entrepreneurship by Edward Lazear, according to which individuals with broad educational and professional experience, in comparison to specialists, are more likely to become entrepreneurs. We extend this theory by verifying whether breadth of education and professional career also contribute to the likelihood of entrepreneurial success. According to our findings, breadth of education not only influences the propensity to start a business but also positively influences the chances of business survival. The breadth of professional experience proved to have a significant impact on business survival, but this result did not hold for extensive managerial experience.
Subjects: 
Business survival
career choice
entrepreneurship
jack-of-all-trades
Lazear's theory
JEL: 
L26
J24
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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