Mode of Entry into Hybrid Entrepreneurship: New Venture Start-Up Versus Business Takeover

33 Pages Posted: 13 Nov 2017

See all articles by Guoqian Xi

Guoqian Xi

Shanghai University of Finance and Economics - College of Business

Jorn H. Block

University of Trier - Faculty of Management; Erasmus University Rotterdam (EUR) - Institute of Management (ERIM)

Frank Lasch

Montpellier Business School; Montpellier Research in Management

Frank Robert

Montpellier Business School

Roy Thurik

Erasmus University Rotterdam (EUR) - Centre for Advanced Small Business Economics (CASBEC); Montpellier Business School; Erasmus Research Institute of Management (ERIM); EIM Netherlands - Business and Policy Research; Tinbergen Institute

Abstract

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.

Keywords: hybrid entrepreneurship, entrepreneurship entry mode, business takeover, new venture

JEL Classification: L26

Suggested Citation

Xi, Guoqian and Block, Jorn Hendrich and Lasch, Frank and Robert, Frank and Thurik, Roy and Thurik, Roy, Mode of Entry into Hybrid Entrepreneurship: New Venture Start-Up Versus Business Takeover. IZA Discussion Paper No. 11104, Available at SSRN: https://ssrn.com/abstract=3069447 or http://dx.doi.org/10.2139/ssrn.3069447

Guoqian Xi (Contact Author)

Shanghai University of Finance and Economics - College of Business ( email )

777 Guoding Road
Shanghai, 200433
China

Jorn Hendrich Block

University of Trier - Faculty of Management ( email )

D-54296
Germany

Erasmus University Rotterdam (EUR) - Institute of Management (ERIM) ( email )

Burgemeester Oudlaan 50
3000 DR Rotterdam, Zuid-Holland 3062PA
Netherlands

Frank Lasch

Montpellier Business School ( email )

2300, Avenue des Moulins
Montpellier, 34185
France

HOME PAGE: http://www.montpellier-bs.com/

Montpellier Research in Management ( email )

Place Eugène Bataillon
Montpellier, 34095
France

HOME PAGE: http://www.mrm.univ-montp2.fr/

Frank Robert

Montpellier Business School

2300 Avenue des Moulins
Montpellier, 34080
France

Roy Thurik

Erasmus University Rotterdam (EUR) - Centre for Advanced Small Business Economics (CASBEC) ( email )

3000 DR Rotterdam
Netherlands
+31 10 408 2232 (Phone)
+31 10 408 9146 (Fax)

HOME PAGE: http://www.thurik.com

Montpellier Business School

France

Erasmus Research Institute of Management (ERIM) ( email )

P.O. Box 1738
3000 DR Rotterdam
Netherlands

EIM Netherlands - Business and Policy Research

Postbus 7001
2701 AA Zoetermeer
Netherlands
+31 79 341 3634 (Phone)
+31 79 331 3742 (Fax)

Tinbergen Institute ( email )

Burg. Oudlaan 50
Rotterdam, 3062 PA
Netherlands

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