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Renascent entrepreneurship

  • Erik Stam

    ()

  • David Audretsch
  • Joris Meijaard

Why should individuals that 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 termination of a previous firm. In contrast, research on nascent entrepreneurship has shown the positive effect of entrepreneurial experience on planning a new firm start. Based on the empirical evidence from a database consisting of ex-entrepreneurs, this study shows that renascent entrepreneurship is a pervasive phenomenon in current society. Especially entrepreneurial human and social capital induce renascent entrepreneurship. In addition, the nature of the firm exit also affects the probability of renascent entrepreneurship.

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Article provided by Springer in its journal Journal of Evolutionary Economics.

Volume (Year): 18 (2008)
Issue (Month): 3 (August)
Pages: 493-507

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Handle: RePEc:spr:joevec:v:18:y:2008:i:3:p:493-507
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