A little bit of knowledge is a dangerous thing: Entrepreneurial experience and new venture disengagement

Rasmus Vendler Toft-Kehler (), Karl Wennberg () and Philip Kim ()
Additional contact information
Rasmus Vendler Toft-Kehler: Copenhagen Business School, Postal: Copenhagen Business School, Kilevej 14a, 2000 Frederiksberg, Denmark, http://www.cbs.dk/forskning/institutter-centre/department-of-innovation-and-organizational-economics/medarbejdere/rvtino
Philip Kim: Babson College, Postal: Babson College, Arthur M. Blank Center for Entrepreneurship, 231 Forest Street, Babson Park, MA 02457, http://www.babson.edu/Academics/faculty/profiles/Pages/Kim-Phillip.aspx

No 277, Ratio Working Papers from The Ratio Institute

Abstract: Existing research has offered conflicting narratives of how entrepreneurial experience influences whether founders will continue working on or disengage from their ventures. We theorize and test how entrepreneurs with varying levels of experience disengage from early-stage companies. Findings reveal a U-shaped relationship, such that novices and highly experienced entrepreneurs are more likely to quit their ventures, while moderately experienced entrepreneurs are more likely to persist in their pursuits. We offer both theoretical and empirical explanations for how the propensity to disengage from new ventures evolves with entrepreneurial experience.

Keywords: Serial entrepreneurship; Disengagement; Experience curves; Entrepreneurial behavior (search for similar items in EconPapers)
JEL-codes: L26 M13 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2016-11-21
New Economics Papers: this item is included in nep-ent and nep-ino
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Citations: View citations in EconPapers (7)

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