TY - JOUR
T1 - A Little Bit of Knowledge Is a Dangerous Thing
T2 - Entrepreneurial Experience and New Venture Disengagement
AU - Toft-Kehler, Rasmus
AU - Wennberg, Karl
AU - Kim, Phillip H.
PY - 2016/12
Y1 - 2016/12
N2 - Existing research has offered conflicting narratives of how entrepreneurial experience influences whether founders will continue working on or disengage from their ventures. We theorize and test how entrepreneurs with varying levels of experience disengage from early-stage companies. Findings reveal a U-shaped relationship, such that novices and highly experienced entrepreneurs are more likely to quit their ventures, while moderately experienced entrepreneurs are more likely to persist in their pursuits. We offer both theoretical and empirical explanations for how the propensity to disengage from new ventures evolves with entrepreneurial experience.
AB - Existing research has offered conflicting narratives of how entrepreneurial experience influences whether founders will continue working on or disengage from their ventures. We theorize and test how entrepreneurs with varying levels of experience disengage from early-stage companies. Findings reveal a U-shaped relationship, such that novices and highly experienced entrepreneurs are more likely to quit their ventures, while moderately experienced entrepreneurs are more likely to persist in their pursuits. We offer both theoretical and empirical explanations for how the propensity to disengage from new ventures evolves with entrepreneurial experience.
KW - Serial entrepreneurship
KW - Disengagement
KW - Experience curves
KW - Entrepreneurial behavior
KW - Serial entrepreneurship
KW - Disengagement
KW - Experience curves
KW - Entrepreneurial behavior
UR - https://sfx-45cbs.hosted.exlibrisgroup.com/45cbs?url_ver=Z39.88-2004&url_ctx_fmt=info:ofi/fmt:kev:mtx:ctx&ctx_enc=info:ofi/enc:UTF-8&ctx_ver=Z39.88-2004&rfr_id=info:sid/sfxit.com:azlist&sfx.ignore_date_threshold=1&rft.object_id=3710000000264180&rft.object_portfolio_id=&svc.holdings=yes&svc.fulltext=yes
U2 - 10.1016/j.jbvi.2016.10.001
DO - 10.1016/j.jbvi.2016.10.001
M3 - Journal article
VL - 6
SP - 36
EP - 46
JO - Journal of Business Venturing Insights
JF - Journal of Business Venturing Insights
SN - 2352-6734
ER -