STARTING A NEW COMPANY — WHICH TYPES OF PERSONAL EXPERIENCE HELP?

Christin Merz (), Andreas Schroeter () and Peter Witt ()
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Christin Merz: Chair for Technology and Innovation Management, University of Wuppertal, Gaussstrasse 20, D-42119 Wuppertal, Germany
Andreas Schroeter: Chair for Technology and Innovation Management, University of Wuppertal, Gaussstrasse 20, D-42119 Wuppertal, Germany
Peter Witt: Chair for Technology and Innovation Management, University of Wuppertal, Gaussstrasse 20, D-42119 Wuppertal, Germany

Journal of Enterprising Culture (JEC), 2010, vol. 18, issue 03, pages 291-313

Abstract: This paper investigates the relationship between different types of personal experience and start-up success. We propose four extensions to earlier studies on the subject. First, we distinguish between management, technical, industry, and entrepreneurial experience of founders. Second, we consider decreasing marginal effects of different types of experience on start-up success. Third, our measures for start-up success correspond to the different stages of the entrepreneurial process. Fourth, we measure the "breadth" of experience in different fields in addition to the "depth" of experience per field. In the empirical part of the paper, we test all hypotheses using a sample of 137 German start-ups.

Keywords: Entrepreneurship; human capital; resource based view (search for similar items in EconPapers)
Date: 2010
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