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We 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...
Persistent link: https://www.econbiz.de/10010325359
There is no robust empirical support for the effect of financial incentives on the decision to work in self-employment rather than as a wage earner. In the literature, this is seen as a puzzle. We offer a focus on the opportunity cost, i.e. the wages given up as an employee. Information on...
Persistent link: https://www.econbiz.de/10010282326
We investigate the manifold posed question: To what extent does investment in human and social capital, besides the effect of talent, enhance entrepreneurial performance? We distinguish between three different performance measures: survival, profits, and generated employment. On the basis of the...
Persistent link: https://www.econbiz.de/10010324773
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...
Persistent link: https://www.econbiz.de/10010291523
entry strategies. The four main groups of entry strategies are independency entrepreneurship, opportunity entrepreneurship …, spin-out entrepreneurship and necessity entrepreneurship. The results indicate that firms conducting R&D continuously start … new market opportunities as well as spin-out entrepreneurship exhibit a higher initial size while start-ups established …
Persistent link: https://www.econbiz.de/10010298801
In the media role models are increasingly being acknowledged as an influential factor in explaining the reasons for the choice of occupation and career. Various conceptual studies have proposed links between role models and entrepreneurial intentions. However, empirical research aimed at...
Persistent link: https://www.econbiz.de/10010325670
We study the self-employed decision and its relation to human and social capital. Human capital is necessary to acquire skills. Social capital dampens the effects of uncertainty about future income. Our data set consists of 1339 respondents from the same age group, who were interviewed three...
Persistent link: https://www.econbiz.de/10010262509
the cases of spin-offs and habitual entrepreneurs. The subject of unemployment-driven entrepreneurship is also explored …
Persistent link: https://www.econbiz.de/10010263803
importance of human capital in triggering serial entrepreneurship, but the kinds of experiences driving direct and latent serial …
Persistent link: https://www.econbiz.de/10010263804
Persistent link: https://www.econbiz.de/10010271742