How does late-career entrepreneurship relate to innovation?

Murmann, Martin; Salmivaara, Virva; Kibler, Ewald (2023). How does late-career entrepreneurship relate to innovation? Research Policy, 52(6), p. 104763. Elsevier 10.1016/j.respol.2023.104763

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In this paper, we present an explorative study that develops our understanding of the relationship between late-career entrepreneurship and innovation-driven business activity. Based on observations of 2903 solo founders of new ventures in Germany in 2008–2017, we offer first and robust evidence that late-career entrepreneurs (~50 years and above) are more likely than younger founders to introduce product/service innovations that are ‘new to the market’. Our explorations specifically reveal that older founders who draw on personal financial resources and combine their innovation orientation with prior managerial experience are most likely to generate the types of innovations that bring new products or services to the market. We conclude by discussing how our study's insights contribute to the research agenda on innovations in late-career entrepreneurship.

Item Type:	Journal Article (Original Article)
Division/Institute:	Business School > Institute for Innovation and Strategic Entrepreneurship Business School > Institute for Innovation and Strategic Entrepreneurship > Low-end Innovation Business School > Institute for Innovation and Strategic Entrepreneurship > Strategic Entrepreneurship Business School
Name:	Murmann, Martin0000-0002-0430-949X; Salmivaara, Virva and Kibler, Ewald
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
ISSN:	00487333
Publisher:	Elsevier
Language:	English
Submitter:	Martin Murmann
Date Deposited:	01 Sep 2023 11:35
Last Modified:	01 Sep 2023 11:35
Publisher DOI:	10.1016/j.respol.2023.104763
Uncontrolled Keywords:	Entrepreneurship Career Innovation Aging Age
ARBOR DOI:	10.24451/arbor.19780
URI:	https://arbor.bfh.ch/id/eprint/19780