Many entrepreneurs start their ventures while retaining jobs in wage employment; this phenomenon is called hybrid entrepreneurship. Little is known about the entry modes (new venture start-up vs. business takeover) of hybrid entrepreneurs. Our study aims to close this gap by investigating the path to hybrid entrepreneurship. Using a large sample of French hybrid entrepreneurs, we show that educational attainment and management experience are associated with new venture start-up, whereas being female, having worker experience, and having received social benefits are linked to business takeover. With these results, our study contributes to research on hybrid entrepreneurship and entrepreneurship entry modes. Moreover, it informs policy makers about the nature of hybrid entrepreneurship and contributes to the design of effective policies to promote business takeover, which is of high interest, given the growing number of businesses seeking outside successors.

Additional Metadata
Keywords Hybrid entrepreneurship, entrepreneurship entry mode, business takeover, new venture
JEL Entrepreneurship (jel L26)
Persistent URL hdl.handle.net/1765/105625
Journal IZA Discussion Paper Series
Citation
Xi, G, Block, J.H, Lasch, F, Robert, F, & Thurik, A.R. (2017). Mode of Entry into Hybrid Entrepreneurship: New Venture Start-Up Versus Business Takeover. IZA Discussion Paper Series. Retrieved from http://hdl.handle.net/1765/105625