Template-Type: ReDIF-Paper 1.0
Author-Name: Stam, F.C.
Author-Name-Last: Stam
Author-Name-First: Erik
Author-Name: Audretsch, D.B.
Author-Name-Last: Audretsch
Author-Name-First: David
Author-Person: pau27
Author-Name: Meijaard, J.
Author-Name-Last: Meijaard
Author-Name-First: Joris
Title: Renascent Entrepreneurship
Abstract: 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.
Creation-Date: 2006-03-29
File-URL: https://repub.eur.nl/pub/7640/ERS%202006%20017%20ORG.pdf
File-Format: application/pdf
Series: RePEc:ems:eureri
Number: ERS-2006-017-ORG
Classification-JEL: M, M13, O32
Keywords: Economics of Entrepreneurship, Entrepreneurial Preferences, Entrepreneurial Skills, Firm Exit, Renascent Entrepreneurship
Handle: RePEc:ems:eureri:7640