A longitudinal study of habitual entrepreneurs: starters and acquirers

By Deniz Ucbasaran, Mike Wright, Paul Westhead. 2003

207 citations recorded by the source corpus.

This study provides insights into the characteristics and behaviour of habitual starter entrepreneurs (i.e. individuals who have established more than one business) and habitual acquirer entrepreneurs (i.e. individuals who have purchased/acquired more than one business). A human capital perspective is utilized to illustrate that the human capital accumulated by a habitual entrepreneur may influence their subsequent behaviour. Prior business ownership experience is discussed in relation to an entrepreneur's human capital accumulation, as well as their search and business opportunity identification behaviour. A case study approach is used to develop propositions that highlight the similarities and differences between habitual starter and acquirer entrepreneurs. Implications for researchers and practitioners are discussed.

Subfields: Accounting, Management of Technology and Innovation, Organizational Behavior and Human Resource Management

View Paper: https://www.semanticscholar.org/paper/2708a9275b8f3c3006e0b885339fe734ef15c9fb

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In Accounting

In Management of Technology and Innovation

In Organizational Behavior and Human Resource Management

Citations in the corpus

Serial entrepreneurship: impact of human capital on time to re-entry (2011, background): “Ucbasaran et al. (2003) propose that the extent to which individuals’ would retard or speed up their re-entrance into entrepreneurship is influenced by the success (asset) or failure (liability) associated with their previous entrepreneurial experience.”
Decisions, Actions, and Performance: Do Novice, Serial, and Portfolio Entrepreneurs Differ?* (2005, background): “Additional systematic research of both a qualitative (Ucbasaran, Wright, and Westhead 2003; Rosa 1998) and quantitative nature (Westhead, Ucbasaran, and Wright 2003b) is required that examines the initiation processes leading to the ownership of subsequent ventures by serial and portfolio…”
The advantage of experienced start-up founders in venture capital acquisition: evidence from serial entrepreneurs (2007, unknown): “Given these common practices by venture capitalists, if entrepreneurs indeed learn from previous experiences (Ucbasaran et al. 2003), then they will likely raise more VC.”
Impact of founder experience on exit intentions (2012, unknown): “accumulated life experience (Ucbasaran et al. 2003).”
Failing firms and successful entrepreneurs: serial entrepreneurship as a temporal portfolio (2013, background): “dence in their own skills (Amaral et al. 2009; Ucbasaran et al. 2003; Westhead and Wright 1998).”
Do serial entrepreneurs run successively better-performing businesses? (2013, background): “, 2010); sources and amounts of financial support (Elston and Audretsch, 2010); and different modes of entry and organizational structures of sequential ventures (Ucbasaran et al., 2003).”
Serial Crowdfunding, Social Capital, and Project Success (2017, background): “Consistent with literature on serial entrepreneurs’ success in subsequent ventures (e.g., Ucbasaran et al., 2003; Westhead et al., 2005), serial crowdfunders enjoy a clear advantage compared over their novice counterparts.”
Business angels and value added: what do we know and where do we go? (2008, background): “Human capital can be defined as the set of productive knowledge and skills which business angels have acquired through different kinds of jobs, training and experience (Ucbasaran, Wright, and Westhead 2003 ).”
A systematic literature review of entrepreneurial opportunity recognition: insights on influencing factors (2014, background): “Systematic search According to Fiet et al. (2005), the systematic search (discovering opportunities by actively searching for them from a known information domain) helps individuals discover opportunities (Westhead et al. 2009; Zahra et al. 2009).”
Understanding the older entrepreneur: Comparing Third Age and Prime Age entrepreneurs in Finland (2008, background): “Ucbasaran et al. (2003) argue that serial entrepreneurs may enjoy an experience advantage compared to novice founders, since serial entrepreneurs have had the opportunity to acquire resources and learn in their previous entrepreneurial career.”
The impact of human capital on the early success of necessity versus opportunity-based entrepreneurs (2014, background): “Individuals who have accrued experience as business owners should possess higher accumulated levels of entrepreneurial human capital (Ucbasaran et al., 2003; Stam et al., 2008).”
Reconceptualizing entrepreneurial exit : divergent exit routes and their drivers (2010, unknown): “…the studies of habitual entrepreneurs have highlighted the importance of previous experience for the successful sale of an entrepreneurial venture (e.g. Ucbasaran et al., 2003), suggesting that the experience of operating a previous business assists in the management of subsequent ones.”