If you dont succeed, should you try again? : the role of entrepreneurial experience in venture survival


Gottschalk, Sandra ; Greene, Francis J. ; Höwer, Daniel ; Müller, Bettina


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URL: https://ub-madoc.bib.uni-mannheim.de/35875
URN: urn:nbn:de:bsz:180-madoc-358758
Document Type: Working paper
Year of publication: 2014
The title of a journal, publication series: ZEW Discussion Papers
Volume: 14-009
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: L26 , L25,
Keywords (English): Venture survival , entrepreneurial experience , panel data
Abstract: There remains considerable scholarly debate about the role that prior entrepreneurial experience plays in new venture survival. Drawing on entrepreneurial learning theories, we use panel data on 8,400 new ventures to investigate the impact of four different types of prior entrepreneurial experience (portfolio, serial, failure (bankruptcy/voluntary dissolution) and a mix of success (portfolio/serial) and failure (prior bankruptcy/dissolution) on venture survival outcomes. We find that previously failed entrepreneurs are less likely to survive and, in common with entrepreneurs with mixed prior experiences, are more likely to experience bankruptcy. We find that portfolio and serial experience is unrelated to survival or avoiding bankruptcy. Conclusions for entrepreneurship scholars, entrepreneurs and stakeholders are discussed.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Gottschalk, Sandra ; Greene, Francis J. ; Höwer, Daniel ; Müller, Bettina (2014) If you dont succeed, should you try again? : the role of entrepreneurial experience in venture survival. Open Access ZEW Discussion Papers Mannheim 14-009 [Working paper]
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