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          Institute: MPI für Ökonomik     Collection: Evolutionary Economics Group     Display Documents



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ID: 295965.0, MPI für Ökonomik / Evolutionary Economics Group
Renascent Entrepreneurship : Entrepreneurial Preferences Subsequent to Firm Exit
Authors:Stam, Erik; Audretsch, David; Meijaard, Joris
Language:English
Place of Publication:Jena
Publisher:Max-Planck-Institut für Ökonomik
Date of Publication (YYYY-MM-DD):2006
Total Number of Pages:18
Title of Series:Papers on Entrepreneurship, Growth and Public Policy
Issue / Number:0606
Corporate Body (Series Editor):Max-Planck-Institut für Ökonomik
Copyright:2006
Review Status:Internal review
Audience:Not Specified
Abstract / Description:Why should individuals that have exited their firm consider re-entering into entrepreneurship, i.e. become renascent entrepreneurs? According to the logic of economic models of firm dynamics there is no reason to re-enter into entrepreneurship following termination of a previous firm. In contrast, research on nascent entrepreneurship has shown the positive effect of entrepreneurial experience on planning a new firm start. Based on the empirical evidence from a database consisting of ex-entrepreneurs, this study shows that renascent entrepreneurship is a pervasive phenomenon in current society. Especially entrepreneurial human and social capital induce renascent entrepreneurship. In addition, the nature of the firm exit also affects the probability of renascent entrepreneurship.
Free Keywords:entrepreneurial preferences; entrepreneurial skills; firm exit; renascent entrepreneurship; economics of entrepreneurship
External Publication Status:published
Document Type:Paper
Affiliations:MPI für Ökonomik/Abteilung Entrepreneurship, Growth and Public Policy
Identifiers:ISSN:1613-8333
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