IDEAS home Printed from https://ideas.repec.org/a/taf/indinn/v28y2021i9p1129-1149.html
   My bibliography  Save this article

Understanding the process of knowledge accumulation and entrepreneurial learning in startups

Author

Listed:
  • Indu Khurana

Abstract

This paper investigates the process of how entrepreneurs learn. The study uses longitudinal data on about 5,000 startups and presents evidence that entrepreneurial learning happens rapidly in the initial years of setting up a business, before settling down to a steady-state phase. The data show that entrepreneurs assign a higher weight, around 30%, to market signals in early years and with time this weight declines to about 16% in the sixth year, when prior information gains more bearing in decision-making. Specifically, the study substantiates the claim of existing theories and argues that over time, entrepreneurs learn to maintain the delicate balance between prior learning and new information from the market. Furthermore, results also indicate the presence of learning heterogeneity across entrepreneurs, possibly explaining the need for diversity in assistance programmes to meet the requirements of startups.

Suggested Citation

  • Indu Khurana, 2021. "Understanding the process of knowledge accumulation and entrepreneurial learning in startups," Industry and Innovation, Taylor & Francis Journals, vol. 28(9), pages 1129-1149, October.
    • Handle: RePEc:taf:indinn:v:28:y:2021:i:9:p:1129-1149
    DOI: 10.1080/13662716.2020.1855125
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13662716.2020.1855125
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13662716.2020.1855125?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:indinn:v:28:y:2021:i:9:p:1129-1149. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CIAI20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.