Fail but Try Again? The Effects of Age, Gender, and Multiple–Owner Experience on Failed Entrepreneurs’ Reentry

We investigate what leads failed entrepreneurs to reenter entrepreneurship by taking a developmental career perspective. Specifically, we hypothesize that the age of failed entrepreneurs has a nonlinear relationship with the likelihood of reentering entrepreneurship that follows different career sta...

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Bibliographic Details
Published in:Entrepreneurship theory and practice 2017-11, Vol.41 (6), p.909-941
Main Authors: Baù, Massimo, Sieger, Philipp, Eddleston, Kimberly A., Chirico, Francesco
Format: Article
Language:English
Subjects:
Age
Age differences
Business failures
Career development
Career development planning
Careers
Entrepreneurs
Entrepreneurship
failure
Gender
Moderators
ownership
Reentry
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Summary:We investigate what leads failed entrepreneurs to reenter entrepreneurship by taking a developmental career perspective. Specifically, we hypothesize that the age of failed entrepreneurs has a nonlinear relationship with the likelihood of reentering entrepreneurship that follows different career stages (early, middle, and late). The gender of failed entrepreneurs and multiple–owner experience in the failed firm are hypothesized to be moderators of this relationship. We test our hypotheses using a database consisting of the Swedish population, including 4,761 entrepreneurs who failed between 2000 and 2004. Analyzing their career paths over the years following their failure offers support for our theoretical expectations.
ISSN:1042-2587
1540-6520
1540-6520
DOI:10.1111/etap.12233