Serial Entrepreneurship: Differentiating Direct from Latent Re-entrants
A. Miguel Amaral
This study is the first to examine the decision to re-enter business ownership by entrepreneurs who have exited their first business using a longitudinal matched employer-employee database. This kind of data allow us to distinguish between those serial entrepreneurs who re-enter business ownership immediately upon exiting their first business (direct serial), and those who do so after an interlude in paid employment, or non-employment (latent serial). Results highlight the importance of human capital in triggering serial entrepreneurship, but the kinds of experiences driving direct and latent serial entrepreneurs are different.
Serial entrepreneurship, Occupational choice, Entrepreneurial opportunity; Human capital, Longitudinal data.
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