Do entrepreneurs really learn? Or do they just tell us that they do?
AbstractThis article examines the theory and evidence in support of entrepreneurial learning (EL), measured in terms of whether individuals have previously owned a business, and time since start-up. Under this theory, entrepreneurial performance is argued to be enhanced by EL which itself is enhanced by business experience. However, if business performance is strongly influenced by chance then evidence of EL will be difficult to identify. We test for EL using a large scale data set comprising 6671 new firms. We choose business survival over 3 years as our performance measure and then formulate three tests for EL. None of the three tests provide compelling evidence in support of EL. Copyright 2013 The Author 2012. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved., Oxford University Press.
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Bibliographic InfoPaper provided by SPRU - Science and Technology Policy Research, University of Sussex in its series SPRU Working Paper Series with number 196.
Length: 49 pages
Date of creation: 01 May 2011
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start-up; survival; learning; chance.;
Other versions of this item:
- Julian S. Frankish & Richard G. Roberts & Alex Coad & Taylor C. Spears & David J. Storey, 2013. "Do entrepreneurs really learn? Or do they just tell us that they do?," Industrial and Corporate Change, Oxford University Press, vol. 22(1), pages 73-106, February.
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
- D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
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