Erik Stam (),
David Audretsch and
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David Audretsch: Max Planck Institute of Economics - Entrepreneurship, Growth and Public Policy Group
Joris Meijaard: EIM Business & Policy Research
A chapter in Schumpeterian Perspectives on Innovation, Competition and Growth, 2009, pp 223-237 from Springer
Abstract Why should individuals who have exited their firm consider re-entering into entrepreneurship, i.e. becomerenascent entrepreneurs? According to the logic of economic models of firm dynamics there is no reason to re-enter into entrepreneurship following firm failure. In contrast, research on nascent entrepreneurship has shown the positive effect of entrepreneurial experience on planning a new firm start. Based on empirical evidence from a database consisting of ex-entrepreneurs, this study shows that renascent entrepreneurship is a pervasive phenomenon. Next to passive learning, active learning plays an important role in the explanation of entrepreneurial preferences subsequent to firm exit. This study provides new insights into the role of prior knowledge and firm exit in the entrepreneurial process.
Keywords: Renascent entrepreneurs; Nascent entrepreneurs; Firm exit; Entrepreneurial experience (search for similar items in EconPapers)
JEL-codes: J24 L26 M13 (search for similar items in EconPapers)
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Journal Article: Renascent entrepreneurship (2008)
Working Paper: Renascent Entrepreneurship (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-93777-7_13
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