Hopp, Christian; Pruschak, Gernot; Krebs, Michel (2024). Are corporate affiliations conducive to nascent entrepreneurship? International Entrepreneurship and Management Journal, 20, pp. 1-22. Springer Science+Business Media 10.1007/s11365-024-00998-y
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Founding an entrepreneurial venture does not comprise a dichotomous choice between market entry and non-entry; instead, a wide variety of entrepreneurial strategies are available to the nascent entrepreneur. Using data from the second Panel Study of Entrepreneurial Dynamics (PSED II), a representative sample of nascent entrepreneurial activity in the United States, this study documents that nascent entrepreneurs generally choose between founding an independent new venture and following a type of corporate-affiliated entrepreneurial strategy (CAES), such as a franchise, spin-off, or similar approach. The success of this decision is contingent upon entrepreneurs’ stock of human capital. Relevant industry experiences tend to reduce the likelihood of an entrepreneur employing a CAES, while managerial experience and previous start-up experience increases the probability. Overall, those nascent entrepreneurs who follow a CAES are more likely to achieve a first positive cash-flow; this highlights the benefits of corporate affiliations in the field of new venture founding.
Item Type: |
Journal Article (Original Article) |
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Division/Institute: |
Business School > Institute for Applied Data Science & Finance Business School > Institute for Applied Data Science & Finance > Applied Data Science Business School |
Name: |
Hopp, Christian 0000-0002-4095-092X; Pruschak, Gernot and Krebs, Michel |
Subjects: |
H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management H Social Sciences > HF Commerce |
ISSN: |
1554-7191 |
Publisher: |
Springer Science+Business Media |
Language: |
English |
Submitter: |
Gernot Pruschak |
Date Deposited: |
06 Aug 2024 14:58 |
Last Modified: |
06 Aug 2024 14:58 |
Publisher DOI: |
10.1007/s11365-024-00998-y |
Related URLs: |
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Uncontrolled Keywords: |
Nascent entrepreneurship Endogeneity Corporate support · Performance Spin-offs |
ARBOR DOI: |
10.24451/arbor.22020 |
URI: |
https://arbor.bfh.ch/id/eprint/22020 |
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