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The Journey from Novice to Serial Entrepreneurship in China and Germany: Are the Drivers the Same?

Author

Listed:
  • Sergey Anokhin

    (Kent State University, USA)

  • Dietmar Grichnik

    (Otto Beisheim School of Management, Germany)

  • Robert D. Hisrich

    (Thunderbird University, USA.)

Abstract

While in general entrepreneurs in emerging economies are significantly different from entrepreneurs in mature markets on most dimensions, serial entrepreneurs demonstrate certain similarities in their goals and motivations, skills and competencies, resources, strategies and other characteristics. The drivers governing the journey from novice to serial entrepreneurship – while consistent with the arguments advanced by Casson and Lazear – appear to differ somewhat between emerging and mature economies. Based on a cross-sectional survey of Chinese and German entrepreneurs, the study contributes to the understanding of entrepreneurship in emerging markets and extends the knowledge of serial entrepreneurship by analyzing whether the differences between serial and novice entrepreneurs can be attributed to the types of skills and competences possessed by the individuals, and whether particular motives for starting new ventures are more conducive to multiple business founding than others.

Suggested Citation

  • Sergey Anokhin & Dietmar Grichnik & Robert D. Hisrich, 2008. "The Journey from Novice to Serial Entrepreneurship in China and Germany: Are the Drivers the Same?," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 6(2), pages 117-142.
  • Handle: RePEc:mgt:youmgt:v:6:y:2008:i:2:p:117-142
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    File URL: http://www.fm-kp.si/zalozba/ISSN/1581-6311/6_117-142.pdf
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    References listed on IDEAS

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    1. Edward P. Lazear, 2004. "Balanced Skills and Entrepreneurship," American Economic Review, American Economic Association, vol. 94(2), pages 208-211, May.
    2. Lerner, Miri & Brush, Candida & Hisrich, Robert, 1997. "Israeli women entrepreneurs: An examination of factors affecting performance," Journal of Business Venturing, Elsevier, vol. 12(4), pages 315-339, July.
    3. 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.
    4. Wright, Mike & Robbie, Ken & Ennew, Christine, 1997. "Venture capitalists and serial entrepreneurs," Journal of Business Venturing, Elsevier, vol. 12(3), pages 227-249, May.
    5. Paul Westhead & Deniz Ucbasaran & Mike Wright, 2003. "Differences Between Private Firms Owned by Novice, Serial and Portfolio Entrepreneurs: Implications for Policy Makers and Practitioners," Regional Studies, Taylor & Francis Journals, vol. 37(2), pages 187-200.
    6. Kenneth A. Bollen & Robert A. Stine, 1992. "Bootstrapping Goodness-of-Fit Measures in Structural Equation Models," Sociological Methods & Research, , vol. 21(2), pages 205-229, November.
    7. 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.
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    Citations

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    Cited by:

    1. Wim Naudé, 2010. "Entrepreneurship, developing countries, and development economics: new approaches and insights," Small Business Economics, Springer, vol. 34(1), pages 1-12, January.
    2. Gonçalo Brás & Elias Soukiazis, 2014. "The Nature of Entrepreneurship and its Determinants: Opportunity or Necessity?," GEMF Working Papers 2014-22, GEMF, Faculty of Economics, University of Coimbra.
    3. Gonçalo Brás & Elias Soukiazis, 2015. "The Determinants of Entrepreneurship at the Country Level: A Panel Data Approach," GEMF Working Papers 2015-14, GEMF, Faculty of Economics, University of Coimbra.
    4. Naudé, Wim, 2011. "Entrepreneurship is Not a Binding Constraint on Growth and Development in the Poorest Countries," World Development, Elsevier, vol. 39(1), pages 33-44, January.

    More about this item

    Keywords

    serial entrepreneurship; emerging economies; China; Germany;

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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