Differences Between Private Firms Owned by Novice, Serial and Portfolio Entrepreneurs: Implications for Policy Makers and Practitioners
AbstractW ESTHEAD P., U CBASARAN D. and W RIGHT M. (2003) Differences between private firms owned by novice, serial and portfolio entrepreneurs: implications for policy makers and practitioners, Reg. Studies 37 , 187-200. Policy makers can target "hard' (i.e. financial) and "soft' (i.e. technical) assistance to firms. Some policy makers and practitioners are considering whether resources could be more effectively utilized if they were targeted towards habitual entrepreneurs, rather than in the form of additional initiatives to increase the pool of pure nascent entrepreneurs and novice entrepreneurs. To inform this policy debate, similarities and differences between 354 firms owned by novice, serial and portfolio entrepreneurs in Scotland are highlighted with regard to the process of financing businesses, organizational capabilities as well as the size and performance of the surveyed businesses. Presented empirical evidence confirms that portfolio entrepreneurs have more diverse experiences and more resources than either serial or novice entrepreneurs. On average, portfolio entrepreneurs appear to offer more attractive growth prospects than other entrepreneurs. A case for targeted support tailored to the aspirations and needs of portfolio (and serial) entrepreneurs is presented.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Regional Studies.
Volume (Year): 37 (2003)
Issue (Month): 2 ()
Contact details of provider:
Web page: http://www.tandfonline.com/CRES20
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Dawn DeTienne & Melissa Cardon, 2012. "Impact of founder experience on exit intentions," Small Business Economics, Springer, vol. 38(4), pages 351-374, May.
- Schutjens, V. & Stam, F.C., 2006.
"Starting Anew: Entrepreneurial Intentions and Realizations Subsequent to Business Closure,"
ERIM Report Series Research in Management
ERS-2006-015-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 Uni.
- Veronique Schutjens & Erik Stam, 2006. "Starting anew: Entrepreneurial intentions and realizations subsequent to business closure," Papers on Entrepreneurship, Growth and Public Policy 2006-10, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
- Erik Stam & Veronique Schutjens, 2006. "Starting anew: Entrepreneurial intentions and realizations subsequent to business closure," Papers in Evolutionary Economic Geography (PEEG) 0605, Utrecht University, Section of Economic Geography, revised Mar 2006.
- Ucbasaran, Deniz & Westhead, Paul & Wright, Mike & Flores, Manuel, 2010. "The nature of entrepreneurial experience, business failure and comparative optimism," Journal of Business Venturing, Elsevier, vol. 25(6), pages 541-555, November.
- McGaughey, Sara L., 2007. "Hidden ties in international new venturing: The case of portfolio entrepreneurship," Journal of World Business, Elsevier, vol. 42(3), pages 307-321, September.
- Gottschalk, Sandra & Greene, Francis J. & Höwer, Daniel & Müller, Bettina, 2014. "If you don't succeed, should you try again? The role of entrepreneurial experience in venture survival," ZEW Discussion Papers 14-009, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Paul Robson & Charles Akuetteh & Paul Westhead & Mike Wright, 2012. "Innovative opportunity pursuit, human capital and business ownership experience in an emerging region: evidence from Ghana," Small Business Economics, Springer, vol. 39(3), pages 603-625, October.
- 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.
- Sierdjan Koster, 2011. "Individual foundings and organizational foundings: their effect on employment growth in The Netherlands," Small Business Economics, Springer, vol. 36(4), pages 485-501, May.
- Parker, Simon C., 2013. "Do serial entrepreneurs run successively better-performing businesses?," Journal of Business Venturing, Elsevier, vol. 28(5), pages 652-666.
- Andreas Koch & Thomas Stahlecker, 2004. "Firm Foundations in the Knowledge Intensive Business Service Sector. Results from a Comparative Empirical Study in Three German Regions," IAW Discussion Papers 17, Institut für Angewandte Wirtschaftsforschung (IAW).
- Weterings, Anet & Koster, Sierdjan, 2007. "Inheriting knowledge and sustaining relationships: What stimulates the innovative performance of small software firms in the Netherlands?," Research Policy, Elsevier, vol. 36(3), pages 320-335, April.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.