How Entrepreneurial Experiences Foster Crises Resilience: Survival and Performance of New Ventures

Pontus Braunerhjelm, Emma Lappi

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Abstract

This paper estimates the relationship between entrepreneurial human capital (EHC) of employees in new firms and incumbents and their resilience to major global crises using individual and firm-level data for 1997-2016. EHC is measured as employees' previous experience being entrepreneurs. We use longitudinal register data for Sweden covering the IT-crisis 2001-2003 and the Great Recession 2008-2009. The results show that having employees with an entrepreneurial background decreases the probability of exiting especially for the new ventures, albeit the effect differs between these two crises. We elaborate with alternative measures of EHC, distribute it on occupational function, educational level, and the reason for employees quitting their previous entrepreneurial endeavors (closures, mergers and acquisitions). In addition, we implement three different estimation techniques. Our results remain robust to all these alterations. Besides providing new empirical insights, we argue that our findings are of theoretical interest as well as have practical and policy implications.
Original languageEnglish
Title of host publicationProceedings of the Eighty-second Annual Meeting of the Academy of Management
EditorsSonja Taneja
Number of pages1
Place of PublicationBriarcliff Manor, NY
PublisherAcademy of Management
Publication date2022
Pages1626
Article number13226
DOIs
Publication statusPublished - 2022
EventThe Academy of Management Annual Meeting 2022: Creating a Better World Together - Seattle, United States
Duration: 5 Aug 20229 Aug 2022
Conference number: 82
https://2022.aom.org/

Conference

ConferenceThe Academy of Management Annual Meeting 2022
Number82
Country/TerritoryUnited States
CitySeattle
Period05/08/202209/08/2022
Internet address
SeriesAcademy of Management Proceedings
ISSN0065-0668

Keywords

  • AOM Annual Meeting Proceedings 2022
  • AOM Seattle 2022

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