Renascent Entrepreneurship
2006-03-29
Research Paper
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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.
- Economics of Entrepreneurship
- Entrepreneurial Preferences
- Entrepreneurial Skills
- Firm Exit
- Renascent Entrepreneurship
- O32 : Management of Technological Innovation and R&D
- M : Business Administration and Business Economics; Marketing; Accounting
- M13 : New Firms; Startups
- entrepreneurship
- entrepreneur
- renascent
- renascent entrepreneurship
- firm exit
- business
- experience
- capital
- effect
- renascent entrepreneurs
- ex-entrepreneur
- model
- preference
- skill
- study
- research
- economic
- individual
- industry experience
- endowment
