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Having your cake and eating it too? A two-stage model of the impact of employment and parallel job search on hybrid nascent entrepreneurship

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  • Klyver, Kim
  • Steffens, Paul
  • Lomberg, Carina

Abstract

Hybrid entrepreneurship, simultaneous employment and entrepreneurship, is increasingly prevalent. We theorize entrepreneurial entry as one possible outcome of a two-stage new employment search process 1) decision to search for a job, attempt a start-up, or both and 2) outcome of start-up attempts. Stage 2 is critically different for hybrid (employed) nascent entrepreneurs who have greater access to resources and experience lower risk but also more salient alternative employment options. Using a novel longitudinal panel of new employment opportunity seekers, we find that employment status matters and that “parallel search” for a new job is detrimental to successful entrepreneurial entry.

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  • Klyver, Kim & Steffens, Paul & Lomberg, Carina, 2020. "Having your cake and eating it too? A two-stage model of the impact of employment and parallel job search on hybrid nascent entrepreneurship," Journal of Business Venturing, Elsevier, vol. 35(5).
    • Handle: RePEc:eee:jbvent:v:35:y:2020:i:5:s0883902619302241
    DOI: 10.1016/j.jbusvent.2020.106042
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    5. Konstantina Ragazou & Ioannis Passas & Alexandros Garefalakis & Markos Kourgiantakis & George Xanthos, 2022. "Youth’s Entrepreneurial Intention: A Multinomial Logistic Regression Analysis of the Factors Influencing Greek HEI Students in Time of Crisis," Sustainability, MDPI, vol. 14(20), pages 1-19, October.
    6. Lewis, Trey & Hechavarría, Diana M. & Williams, David W. & Cardon, Melissa S., 2024. "Doing the right things at the right times: The role of temporal enactment in venture outcome attainment," Journal of Business Venturing, Elsevier, vol. 39(1).
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    8. Carsten Bergenholtz & Kim Klyver & Oana Vuculescu, 2023. "Self-Efficacy in Disrupted Environments: COVID-19 as a Natural Experiment," Entrepreneurship Theory and Practice, , vol. 47(3), pages 724-750, May.

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