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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