Having your cake and eating it too? A two-stage model of the impact of employment and parallel job search on hybrid nascent entrepreneurship

Kim Klyver, Paul Steffens and Carina Lomberg

Journal of Business Venturing, 2020, vol. 35, issue 5

Abstract: Hybrid entrepreneurship, simultaneous employment and entrepreneurship, is increasingly prevalent. We theorize entrepreneurial entry as one possible outcome of a two-stage new employment search process 1) decision to search for a job, attempt a start-up, or both and 2) outcome of start-up attempts. Stage 2 is critically different for hybrid (employed) nascent entrepreneurs who have greater access to resources and experience lower risk but also more salient alternative employment options. Using a novel longitudinal panel of new employment opportunity seekers, we find that employment status matters and that “parallel search” for a new job is detrimental to successful entrepreneurial entry.

Keywords: Entrepreneurial process; Hybrid entrepreneurship; Parallel search; Start-up decision; Experience (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbvent:v:35:y:2020:i:5:s0883902619302241

DOI: 10.1016/j.jbusvent.2020.106042

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