Failing firms and successful entrepreneurs: serial entrepreneurship as a temporal portfolio
Author
Abstract
Suggested Citation
DOI: 10.1007/s11187-011-9412-x
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Marco Gelderen & Lidewey Sluis & Paul Jansen, 2005. "Learning Opportunities and Learning Behaviours of Small Business Starters: Relations with Goal Achievement, Skill Development and Satisfaction," Small Business Economics, Springer, vol. 25(1), pages 97-108, August.
- Sarasvathy, D. K. & Simon, Herbert A. & Lave, Lester, 1998. "Perceiving and managing business risks: differences between entrepreneurs and bankers," Journal of Economic Behavior & Organization, Elsevier, vol. 33(2), pages 207-225, January.
- Niels Bosma & Mirjam van Praag & Roy Thurik & Gerrit de Wit, 2004.
"The Value of Human and Social Capital Investments for the Business Performance of Startups,"
Small Business Economics, Springer, vol. 23(3), pages 227-236, October.
- Niels Bosma & Mirjam van Praag & Roy Thurik & Gerrit de Wit, 2002. "The Value of Human and Social Capital Investments for the Business Performance of Start-ups," Tinbergen Institute Discussion Papers 02-027/3, Tinbergen Institute.
- Gerrit de Wit & Niels Bosma & Roy Thurik & Mirjam van Praag, 2002. "The Value of Human and Social Capital Investments for the Business Performance of Startups," Scales Research Reports N200204, EIM Business and Policy Research.
- José Calvo, 2006. "Testing Gibrat’s Law for Small, Young and Innovating Firms," Small Business Economics, Springer, vol. 26(2), pages 117-123, March.
- Deniz Ucbasaran & Paul Westhead & Mike Wright, 2008. "Opportunity Identification and Pursuit: Does an Entrepreneur’s Human Capital Matter?," Small Business Economics, Springer, vol. 30(2), pages 153-173, February.
- Robert Petrunia, 2008. "Does Gibrat’s Law Hold? Evidence from Canadian Retail and Manufacturing Firms," Small Business Economics, Springer, vol. 30(2), pages 201-214, February.
- Holmes, Thomas J & Schmitz, James A, Jr, 1995.
"On the Turnover of Business Firms and Business Managers,"
Journal of Political Economy, University of Chicago Press, vol. 103(5), pages 1005-1038, October.
- Holmes, T.J. & Schmitz, J.A., 1992. "On the Turnover of Business Firms and Business Managers," Working papers 9211, Wisconsin Madison - Social Systems.
- James A Schmitz & Thomas J Holmes, 1994. "On The Turnover of Business Firms and Business Managers," Working Papers 92-6, Center for Economic Studies, U.S. Census Bureau.
- Thomas J. Holmes & James A. Schmitz, 1995. "On the turnover of business firms and business managers," Working Papers 545, Federal Reserve Bank of Minneapolis.
- John Sutton, 1997. "Gibrat's Legacy," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 40-59, March.
- Francesca Lotti & Enrico Santarelli & Marco Vivarelli, 2009.
"Defending Gibrat’s Law as a long-run regularity,"
Small Business Economics, Springer, vol. 32(1), pages 31-44, January.
- Lotti, Francesca & Santarelli, Enrico & Vivarelli, Marco, 2007. "Defending Gibrat’s Law as a Long-Run Regularity," IZA Discussion Papers 2744, Institute of Labor Economics (IZA).
- Blanchflower, David G & Oswald, Andrew J, 1998.
"What Makes an Entrepreneur?,"
Journal of Labor Economics, University of Chicago Press, vol. 16(1), pages 26-60, January.
- Blanchflower, D.G. & Oswald, A., 1991. "What Makes an Entrepreneur?," Economics Series Working Papers 99125, University of Oxford, Department of Economics.
- Blandina Oliveira & Adelino Fortunato, 2006.
"Firm Growth and Liquidity Constraints: A Dynamic Analysis,"
Small Business Economics, Springer, vol. 27(2), pages 139-156, October.
- Blandina Oliveira & Adelino Fortunato, 2005. "Firm Growth and Liquidity Constraints: A Dynamic Analysis," GEMF Working Papers 2005-07, GEMF, Faculty of Economics, University of Coimbra.
- Acs,Zoltan J. & Armington,Catherine, 2011.
"Entrepreneurship, Geography, and American Economic Growth,"
Cambridge Books,
Cambridge University Press, number 9781107402539, January.
- Acs,Zoltan J. & Armington,Catherine, 2006. "Entrepreneurship, Geography, and American Economic Growth," Cambridge Books, Cambridge University Press, number 9780521843225, November.
- Chih-Hai Yang & Chia-Hui Huang, 2005. "R&D, Size and Firm Growth in Taiwan‘s Electronics Industry," Small Business Economics, Springer, vol. 25(5), pages 477-487, December.
- Rerup, Claus, 2005. "Learning from past experience: Footnotes on mindfulness and habitual entrepreneurship," Scandinavian Journal of Management, Elsevier, vol. 21(4), pages 451-472, December.
- Ronstadt, Robert, 1986. "Exit, stage left why entrepreneurs end their entrepreneurial careers before retirement," Journal of Business Venturing, Elsevier, vol. 1(3), pages 323-338.
- Palich, Leslie E. & Ray Bagby, D., 1995. "Using cognitive theory to explain entrepreneurial risk-taking: Challenging conventional wisdom," Journal of Business Venturing, Elsevier, vol. 10(6), pages 425-438, November.
- Panaretos, John & Xekalaki, Evdokia, 1986.
"The stuttering generalized waring distribution,"
Statistics & Probability Letters, Elsevier, vol. 4(6), pages 313-318, October.
- Panaretos, John & Xekalaki, Evdokia, 1986. "The Stuttering Generalized Waring Distribution," MPRA Paper 6250, University Library of Munich, Germany.
- Nancy G. Boyd & George S. Vozikis, 1994. "The Influence of Self-Efficacy on the Development of Entrepreneurial Intentions and Actions," Entrepreneurship Theory and Practice, , vol. 18(4), pages 63-77, July.
- Griffin, Dale W. & Varey, Carol A., 1996. "Towards a Consensus on Overconfidence," Organizational Behavior and Human Decision Processes, Elsevier, vol. 65(3), pages 227-231, March.
- Richard E. Caves, 1998. "Industrial Organization and New Findings on the Turnover and Mobility of Firms," Journal of Economic Literature, American Economic Association, vol. 36(4), pages 1947-1982, December.
- Bates, Timothy, 1990. "Entrepreneur Human Capital Inputs and Small Business Longevity," The Review of Economics and Statistics, MIT Press, vol. 72(4), pages 551-559, November.
- Erik Stam & David Audretsch & Joris Meijaard, 2009.
"Renascent entrepreneurship,"
Springer Books, in: Uwe Cantner & Jean-Luc Gaffard & Lionel Nesta (ed.), Schumpeterian Perspectives on Innovation, Competition and Growth, pages 223-237,
Springer.
- Erik Stam & David Audretsch & Joris Meijaard, 2008. "Renascent entrepreneurship," Journal of Evolutionary Economics, Springer, vol. 18(3), pages 493-507, August.
- Stam, F.C. & Audretsch, D.B. & Meijaard, J., 2006. "Renascent Entrepreneurship," ERIM Report Series Research in Management ERS-2006-017-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
- Andrew Burke & Felix FitzRoy & Michael Nolan, 2008.
"What makes a die-hard entrepreneur? Beyond the ‘employee or entrepreneur’ dichotomy,"
Small Business Economics, Springer, vol. 31(2), pages 93-115, August.
- Burke, Andrew & FitzRoy, Felix & Nolan, Michael A., 2006. "What Makes a Die-Hard Entrepreneur? Beyond the ‘Employee or Entrepreneur’ Dichotomy," IZA Discussion Papers 2307, Institute of Labor Economics (IZA).
- Evans, David S & Leighton, Linda S, 1989. "Some Empirical Aspects of Entrepreneurship," American Economic Review, American Economic Association, vol. 79(3), pages 519-535, June.
- Westhead, Paul & Wright, Mike, 1998. "Novice, portfolio, and serial founders: are they different?," Journal of Business Venturing, Elsevier, vol. 13(3), pages 173-204, May.
- Christensen, Laurits R, 1971. "Entrepreneurial Income: How Does It Measure Up?," American Economic Review, American Economic Association, vol. 61(4), pages 575-585, September.
- Mark Casson (ed.), 1990. "Entrepreneurship," Books, Edward Elgar Publishing, number 537.
- Tobias J. Moskowitz & Annette Vissing-Jørgensen, 2002.
"The Returns to Entrepreneurial Investment: A Private Equity Premium Puzzle?,"
American Economic Review, American Economic Association, vol. 92(4), pages 745-778, September.
- Tobias J. Moskowitz & Annette Vissing-Jorgensen, 2002. "The Returns to Entrepreneurial Investment: A Private Equity Premium Puzzle?," NBER Working Papers 8876, National Bureau of Economic Research, Inc.
- Carter, Sara & Ram, Monder, 2003. "Reassessing Portfolio Entrepreneurship," Small Business Economics, Springer, vol. 21(4), pages 371-380, December.
- Levinthal, D.A. & Fichman, M., 1991. "Honeymoons and the Liability of Adolescence : A New Perspective on Duration Dependence in Social Organizational Relationships," GSIA Working Papers 1991-34, Carnegie Mellon University, Tepper School of Business.
- Wright, Mike & Robbie, Ken & Ennew, Christine, 1997. "Venture capitalists and serial entrepreneurs," Journal of Business Venturing, Elsevier, vol. 12(3), pages 227-249, May.
- Geroski, P. A., 1995. "What do we know about entry?," International Journal of Industrial Organization, Elsevier, vol. 13(4), pages 421-440, December.
- Chen, Chao C. & Greene, Patricia Gene & Crick, Ann, 1998. "Does entrepreneurial self-efficacy distinguish entrepreneurs from managers?," Journal of Business Venturing, Elsevier, vol. 13(4), pages 295-316, July.
- Howard E. Aldrich & Martha Argelia Martinez, 2001. "Many are Called, but Few are Chosen: An Evolutionary Perspective for the Study of Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 25(4), pages 41-56, July.
- Busenitz, Lowell W. & Barney, Jay B., 1997. "Differences between entrepreneurs and managers in large organizations: Biases and heuristics in strategic decision-making," Journal of Business Venturing, Elsevier, vol. 12(1), pages 9-30, January.
- A. Amaral & Rui Baptista & Francisco Lima, 2011. "Serial entrepreneurship: impact of human capital on time to re-entry," Small Business Economics, Springer, vol. 37(1), pages 1-21, July.
- Samuelson, Paul A., 1967. "General Proof that Diversification Pays*," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 2(1), pages 1-13, March.
- Baron, Robert A., 1998. "Cognitive mechanisms in entrepreneurship: why and when enterpreneurs think differently than other people," Journal of Business Venturing, Elsevier, vol. 13(4), pages 275-294, July.
- Almus, Matthias & Nerlinger, Eric A, 2000. "Testing "Gibrat's Law" for Young Firms--Empirical Results for West Germany," Small Business Economics, Springer, vol. 15(1), pages 1-12, August.
- Luisito Bertinelli & Olivier Cardi & Teoman Pamukçu & Eric Strobl, 2006. "The Evolution of the Distribution of Plant Size: Evidence from Luxemburg," Small Business Economics, Springer, vol. 27(4), pages 301-311, December.
- Birley, Sue & Westhead, Paul, 1994. "A taxonomy of business start-up reasons and their impact on firm growth and size," Journal of Business Venturing, Elsevier, vol. 9(1), pages 7-31, January.
- Paul Westhead & Deniz Ucbasaran & Mike Wright & Martin Binks, 2005. "Novice, Serial and Portfolio Entrepreneur Behaviour and Contributions," Small Business Economics, Springer, vol. 25(2), pages 109-132, September.
- G. Bottazzi & E. Cefis & G. Dosi & A. Secchi, 2007. "Invariances and Diversities in the Patterns of Industrial Evolution: Some Evidence from Italian Manufacturing Industries," Small Business Economics, Springer, vol. 29(1), pages 137-159, June.
- Barton H. Hamilton, 2000. "Does Entrepreneurship Pay? An Empirical Analysis of the Returns to Self-Employment," Journal of Political Economy, University of Chicago Press, vol. 108(3), pages 604-631, June.
- Deniz Ucbasaran & Mike Wright & Paul Westhead, 2003. "A longitudinal study of habitual entrepreneurs: starters and acquirers," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 15(3), pages 207-228, July.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Marco Vivarelli, 2013. "Is entrepreneurship necessarily good? Microeconomic evidence from developed and developing countries," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 22(6), pages 1453-1495, December.
- A. Amaral & Rui Baptista & Francisco Lima, 2011. "Serial entrepreneurship: impact of human capital on time to re-entry," Small Business Economics, Springer, vol. 37(1), pages 1-21, July.
- Parker, Simon C., 2013. "Do serial entrepreneurs run successively better-performing businesses?," Journal of Business Venturing, Elsevier, vol. 28(5), pages 652-666.
- Emanuela Carbonara & Hien Thu Tran & Enrico Santarelli, 2020.
"Determinants of novice, portfolio, and serial entrepreneurship: an occupational choice approach,"
Small Business Economics, Springer, vol. 55(1), pages 123-151, June.
- Tran, Hien Thu & Carbonara, Emanuela & Santarelli, Enrico, 2017. "Determinants of Novice, Portfolio and Serial Entrepreneurship: An Occupational Choice Approach," GLO Discussion Paper Series 74, Global Labor Organization (GLO).
- Enrico Santarelli & Marco Vivarelli, 2007.
"Entrepreneurship and the process of firms’ entry, survival and growth,"
Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 16(3), pages 455-488, June.
- Santarelli, Enrico & Vivarelli, Marco, 2006. "Entrepreneurship and the Process of Firms’ Entry, Survival and Growth," IZA Discussion Papers 2475, Institute of Labor Economics (IZA).
- Marco Vivarelli, 2012. "Entrepreneurship and Post-Entry Performance: the Microeconomic Evidence," DISCE - Quaderni del Dipartimento di Scienze Economiche e Sociali dises1286, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Rui Baptista & Murat Karaöz & Joana Mendonça, 2014. "The impact of human capital on the early success of necessity versus opportunity-based entrepreneurs," Small Business Economics, Springer, vol. 42(4), pages 831-847, April.
- Rocha, Vera & Carneiro, Anabela & Amorim Varum, Celeste, 2015.
"Serial entrepreneurship, learning by doing and self-selection,"
International Journal of Industrial Organization, Elsevier, vol. 40(C), pages 91-106.
- Vera Rocha & Anabela Carneiro & Celeste Amorim Varum, 2013. "Serial entrepreneurship, learning by doing and self-selection," CEF.UP Working Papers 1312, Universidade do Porto, Faculdade de Economia do Porto.
- Johan Wiklund & Dean A. Shepherd, 2008. "Portfolio Entrepreneurship: Habitual and Novice Founders, New Entry, and Mode of Organizing," Entrepreneurship Theory and Practice, , vol. 32(4), pages 701-725, July.
- Erik Lundmark & Anna Krzeminska & Dean A. Shepherd, 2019. "Images of Entrepreneurship: Exploring Root Metaphors and Expanding Upon Them," Entrepreneurship Theory and Practice, , vol. 43(1), pages 138-170, January.
- Nahata, Rajarishi, 2019. "Success is good but failure is not so bad either: Serial entrepreneurs and venture capital contracting," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 624-649.
- Massimo Baù & Philipp Sieger & Kimberly A. Eddleston & Francesco Chirico, 2017. "Fail but Try Again? The Effects of Age, Gender, and Multiple–Owner Experience on Failed Entrepreneurs’ Reentry," Entrepreneurship Theory and Practice, , vol. 41(6), pages 909-941, November.
- Vivarelli, Marco, 2012. "Drivers of entrepreneurship and post-entry performance : microeconomic evidence from advanced and developing countries," Policy Research Working Paper Series 6245, The World Bank.
- Vivarelli, Marco, 2012. "Entrepreneurship in Advanced and Developing Countries: A Microeconomic Perspective," IZA Discussion Papers 6513, Institute of Labor Economics (IZA).
- Francesco Quatraro & Marco Vivarelli, 2015.
"Drivers of Entrepreneurship and Post-entry Performance of Newborn Firms in Developing Countries,"
The World Bank Research Observer, World Bank, vol. 30(2), pages 277-305.
- Quatraro, Francesco & Vivarelli, Marco, 2013. "Drivers of Entrepreneurship and Post-Entry Performance of Newborn Firms in Developing Countries," IZA Discussion Papers 7436, Institute of Labor Economics (IZA).
- Francesco Quatraro & Marco Vivarelli, 2015. "Drivers of entrepreneurship and post-entry performance of newborn firms in developing countries," Post-Print hal-01071511, HAL.
- Quatraro, Francesco & Vivarelli, Marco, 2014. "Drivers of entrepreneurship and post-entry performance of newborn firms in developing countries," Policy Research Working Paper Series 7074, The World Bank.
- Coad, Alex & Segarra, Agustí & Teruel, Mercedes, 2013.
"Like milk or wine: Does firm performance improve with age?,"
Structural Change and Economic Dynamics, Elsevier, vol. 24(C), pages 173-189.
- Coad, Alex & Segarra Blasco, Agustí & Teruel Carrizosa, Mercedes, 2010. "Like milk or wine: Does firm performance improve with age?," Working Papers 2072/179572, Universitat Rovira i Virgili, Department of Economics.
- Alex Coad & Agustí Segarra & Mercedes Teruel, 2010. "Like milk or wine: Does firm performance improve with age?," Working Papers XREAP2010-10, Xarxa de Referència en Economia Aplicada (XREAP), revised Sep 2010.
- Alex Coad & Agustí Segarra & Mercedes Teruel, 2010. "Like milk or wine: Does firm performance improve with age?," Papers on Economics and Evolution 2010-06, Philipps University Marburg, Department of Geography.
- Jolanda Hessels & Isabel Grilo & Roy Thurik & Peter Zwan, 2011.
"Entrepreneurial exit and entrepreneurial engagement,"
Journal of Evolutionary Economics, Springer, vol. 21(3), pages 447-471, August.
- Roy Thurik & Jolanda Hessels & Isabel Grilo & Peter van der Zwan, 2009. "Entrepreneurial exit and entrepreneurial engagement," Scales Research Reports H200910, EIM Business and Policy Research.
- Daniel Fackler & Claus Schnabel & Joachim Wagner, 2013.
"Establishment exits in Germany: the role of size and age,"
Small Business Economics, Springer, vol. 41(3), pages 683-700, October.
- Fackler, Daniel & Schnabel, Claus & Wagner, Joachim, 2012. "Establishment exits in Germany: The role of size and age," Discussion Papers 76, Friedrich-Alexander University Erlangen-Nuremberg, Chair of Labour and Regional Economics.
- Fackler, Daniel & Schnabel, Claus & Wagner, Joachim, 2012. "Establishment Exits in Germany: The Role of Size and Age," VfS Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century 62025, Verein für Socialpolitik / German Economic Association.
- Fackler, Daniel & Schnabel, Claus & Wagner, Joachim, 2012. "Establishment Exits in Germany: The Role of Size and Age," IZA Discussion Papers 6349, Institute of Labor Economics (IZA).
- Daniel Fackler & Claus Schnabel & Joachim Wagner, 2012. "Establishment exits in Germany: the role of size and age," Working Paper Series in Economics 231, University of Lüneburg, Institute of Economics.
- Daunfeldt, Sven-Olov & Elert, Niklas & Lang, Ã…sa, 2012.
"Does Gibrat's law hold for retailing? Evidence from Sweden,"
Journal of Retailing and Consumer Services, Elsevier, vol. 19(5), pages 464-469.
- Daunfeldt, Sven-Olov & Elert, Niklas & Lang, Åsa, 2011. "Does Gibrat’s Law Hold for Retailing? Evidence from Sweden," HUI Working Papers 47, HUI Research.
- Daunfeldt, Sven-Olov & Elert, Niklas & Lang, Åsa, 2011. "Does Gibrat’s Law Hold for Retailing? Evidence from Sweden," Ratio Working Papers 164, The Ratio Institute.
- Canarella, Giorgio & Miller, Stephen M., 2018.
"The determinants of growth in the U.S. information and communication technology (ICT) industry: A firm-level analysis,"
Economic Modelling, Elsevier, vol. 70(C), pages 259-271.
- Giorgio Canarella & Stephen M. Miller, 2017. "The Determinants of Growth in the Information and Communication Technology (ICT) Industry: A Firm-Level Analysis," Working papers 2017-12, University of Connecticut, Department of Economics.
More about this item
Keywords
Serial entrepreneurship; Firm performance; Industrial organization; Population ecology; Labor economics; Financial economics; G11; G24; J24; L25; L26;All these keywords.
JEL classification:
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
- G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:sbusec:v:40:y:2013:i:2:p:417-434. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.