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Entrepreneurial Exit in Real and Imagined Markets

Erik Stam, Roy Thurik and Peter van der Zwan ()
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Peter van der Zwan: Erasmus University Rotterdam

No 08-031/3, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: This discussion paper resulted in a publication in 'Industrial and Corporate Change' (2010). Volume 19, issue 4, pages 1109-1139.

Entrepreneurs exit their business due to selection mechanisms experienced in the market place. Next to this well known ex-post decision to exit, entrepreneurs select ex-ante whether they are willing to pursue an entrepreneurial career at all, or to give up these entrepreneurial intentions. This paper compares the role of personal and ecological factors as determinants of these two types of selection: exit in real and in imagined markets. Entrepreneurs in imagined markets are more likely to exit in strong welfare state regimes, while real entrepreneurs are more likely to exit when they have low levels of human capital and when they are located in metropolitan areas.

Keywords: entrepreneurship; nascent entrepreneurs; entrepreneurial exit; market selection (search for similar items in EconPapers)
JEL-codes: J23 L26 (search for similar items in EconPapers)
Date: 2008-03-27, Revised 2009-12-07
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https://papers.tinbergen.nl/08031.pdf (application/pdf)

Related works:
Journal Article: Entrepreneurial exit in real and imagined markets (2010) Downloads
Working Paper: Entrepreneurial exit in real and imagined markets (2007) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20080031

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