Hybrid Entrepreneurship

Timothy B. Folta (), Frédéric Delmar and Karl Wennberg ()
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Timothy B. Folta: Krannert School of Management, Purdue University, West Lafayette, Indiana 47907; and EMLYON Business School, 69132, Ecully Cedex, France

Management Science, 2010, vol. 56, issue 2, 253-269

Abstract: In contrast to previous efforts to model an individual's movement from wage work into entrepreneurship, we consider that individuals might transition incrementally by retaining their wage job while entering into self-employment. We show that these hybrid entrepreneurs represent a significant share of all entrepreneurial activity. Theoretical arguments are proposed to suggest why hybrid entrants are distinct from self-employment entrants, and why hybrid entry may facilitate subsequent entry into full self-employment. We demonstrate that there are significant theoretical and empirical consequences for this group and our understanding of self-employment entry and labor market dynamics. Using matched employee-employer data over eight years, we test the model on a population of Swedish wage earners in the knowledge-intensive sector.

Keywords: self-employment; entrepreneurship; entry; real options; learning (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (114)

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http://dx.doi.org/10.1287/mnsc.1090.1094 (application/pdf)

Related works:
Working Paper: Hybrid entrepreneurship (2010)
Working Paper: Hybrid Entrepreneurship (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:56:y:2010:i:2:p:253-269

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