The process of the entrepreneurial decision is decomposed in seven engagement levels ranging from "never thought about starting a business" to "gave up", "thinking about it" , "taking steps for starting up" , "having a young business" , "having an older business" and "no longer being an...

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...

We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs. Without finance constraints, enforcement of non-compete agreements unambiguously improves social welfare outcomes, and even increases the rate of spinoffs from original firms....