Renascent entrepreneurship

FC Stam, DB (David) Audretsch, J (Joris) Meijaard

Research output: Contribution to journalArticleAcademicpeer-review

68 Citations (Scopus)

Abstract

Why should individuals who have exited their firm consider re-entering into entrepreneurship, i.e. become renascent entrepreneurs? According to the logic of economic models of firm dynamics there is no reason to re-enter into entrepreneurship following firm failure. In contrast, research on nascent entrepreneurship has shown the positive effect of entrepreneurial experience on planning a new firm start. Based on empirical evidence from a database consisting of ex-entrepreneurs, this study shows that renascent entrepreneurship is a pervasive phenomenon. Next to passive learning, active learning plays an important role in the explanation of entrepreneurial preferences subsequent to firm exit. This study provides new insights into the role of prior knowledge and firm exit in the entrepreneurial process.
Original languageUndefined/Unknown
Pages (from-to)493-507
Number of pages15
JournalJournal of Evolutionary Economics
Volume18
Issue number3/4
DOIs
Publication statusPublished - 2008

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