Sitting on the fence - Untangling the role of uncertainty in entrepreneurship and paid employment for hybrid entry

Gertraud M. Gänser-Stickler, Matthias Schulz and Christian Schwens

Journal of Business Venturing, 2022, vol. 37, issue 2

Abstract: Prior research agrees that uncertainty in entrepreneurship shapes individuals' decision between hybrid and full-time entry, but largely neglects the role of uncertainty in paid employment. By theorizing that hybrid entrepreneurship is a portfolio of real options in entrepreneurship and paid employment, we argue that both uncertainty in entrepreneurship and paid employment as well as their interplay determine individuals' decisions regarding their mode of entry into entrepreneurship. We validate our theory using data from the Current Population Survey and the Study of Income and Program Participation and contribute to the hybrid entrepreneurship literature and research on uncertainty in entrepreneurship.

Keywords: Hybrid entrepreneurship; Uncertainty; Real options theory (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbvent:v:37:y:2022:i:2:s0883902621000860

DOI: 10.1016/j.jbusvent.2021.106176

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