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Nascent entrepreneurship and the developing individual: Early entrepreneurial competence in adolescence and venture creation success during the career

  • Obschonka, Martin
  • Silbereisen, Rainer K.
  • Schmitt-Rodermund, Eva
  • Stuetzer, Michael

What predicts a person's venture creation success over the course of the career, such as making progress in the venture creation process and multiple successful venture creations? Applying a life span approach of human development, this study examined the effect of early entrepreneurial competence in adolescence, which was gathered retrospectively by means of the Life History Calendar method. Human and social capitals during the founding process were investigated as mediators between adolescent competence and performance. Findings were derived from regression analyses on the basis of prospective and retrospective data from two independent samples (N=88 nascent founders; N=148 founders). We found that early entrepreneurial competence in adolescence had a positive effect on making progress in the venture creation process. Nascent founders' current human and social capital also had a direct effect, but it did not mediate the effect of early competences. Finally, the data revealed that early entrepreneurial competence in adolescence positively predicted habitual entrepreneurship (multiple successful venture creations) exhibited over a longer period of the individual career (specifically, 18 years). In linewith the results fromprospective longitudinal studies on early precursors of entrepreneurship, our findings underscore the long neglected importance of adolescent development in the explanation of entrepreneurial performance during the subsequent working life.

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File URL: http://mpra.ub.uni-muenchen.de/32021/1/MPRA_paper_32021.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 32021.

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Date of creation: 06 Oct 2010
Date of revision: 21 Dec 2010
Publication status: Published in Journal of Vocational Behavior 1.79(2011): pp. 121-133
Handle: RePEc:pra:mprapa:32021
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  1. David B. Audretsch, 2007. "From small business promotion to creating an entrepreneurial society," CESifo Forum, Ifo Institute for Economic Research at the University of Munich, vol. 8(2), pages 3-6, 07.
  2. Uwe Cantner & Michael Stützer, 2010. "The Use and Effect of Social Capital in New Venture Creation - Solo Entrepreneurs vs. New Venture Teams," Jena Economic Research Papers 2010-012, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  3. Shane, Scott & Delmar, Frederic, 2004. "Planning for the market: business planning before marketing and the continuation of organizing efforts," Journal of Business Venturing, Elsevier, vol. 19(6), pages 767-785, November.
  4. Sarah Kösters & Martin Obschonka, 2010. "Building Winners? An Empirical Evaluation of Public Business Assistance in the Founding Process," Jena Economic Research Papers 2010-025, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  5. Carter, Nancy M. & Gartner, William B. & Reynolds, Paul D., 1996. "Exploring start-up event sequences," Journal of Business Venturing, Elsevier, vol. 11(3), pages 151-166, May.
  6. Zhang, Zhen & Arvey, Richard D., 2009. "Rule breaking in adolescence and entrepreneurial status: An empirical investigation," Journal of Business Venturing, Elsevier, vol. 24(5), pages 436-447, September.
  7. Reynolds, Paul D., 2007. "New Firm Creation in the United States A PSED I Overview," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 3(1), pages 1-150, February.
  8. Davidsson, Per & Honig, Benson, 2003. "The role of social and human capital among nascent entrepreneurs," Journal of Business Venturing, Elsevier, vol. 18(3), pages 301-331, May.
  9. Gartner, William B., 1993. "Words lead to deeds: Towards an organizational emergence vocabulary," Journal of Business Venturing, Elsevier, vol. 8(3), pages 231-239, May.
  10. Sternberg, Robert J., 2004. "Successful intelligence as a basis for entrepreneurship," Journal of Business Venturing, Elsevier, vol. 19(2), pages 189-201, March.
  11. Kim, Phillip H. & Aldrich, Howard E., 2005. "Social Capital and Entrepreneurship," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 1(2), pages 55-104, June.
  12. Sarasvathy, Saras D., 2004. "The questions we ask and the questions we care about: reformulating some problems in entrepreneurship research," Journal of Business Venturing, Elsevier, vol. 19(5), pages 707-717, September.
  13. Ucbasaran, Deniz & Alsos, Gry Agnete & Westhead, Paul & Wright, Mike, 2008. "Habitual Entrepreneurs," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 4(4), pages 309-450, March.
  14. Schultz, Theodore W, 1980. " Investment in Entrepreneurial Ability," Scandinavian Journal of Economics, Wiley Blackwell, vol. 82(4), pages 437-48.
  15. Mikael Samuelsson & Per Davidsson, 2009. "Does venture opportunity variation matter? Investigating systematic process differences between innovative and imitative new ventures," Small Business Economics, Springer, vol. 33(2), pages 229-255, August.
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