Nascent entrepreneurship and the developing individual: Early entrepreneurial competence in adolescence and venture creation success during the career

By M. Obschonka, R. Silbereisen, Eva Schmitt-Rodermund, Michael Stuetzer. 2011

107 citations recorded by the source corpus.

What predicts a person's venture creation success over the course of the career, such as making progress in the venture creation process and multiple successful venture creations? Applying a life span approach of human development, this study examined the effect of early entrepreneurial competence in adolescence, which was gathered retrospectively by means of the Life History Calendar method. Human and social capitals during the founding process were investigated as mediators between adolescent competence and performance. Findings were derived from regression analyses on the basis of prospective and retrospective data from two independent samples (N=88 nascent founders; N=148 founders). We found that early entrepreneurial competence in adolescence had a positive effect on making progress in the venture creation process. Nascent founders' current human and social capital also had a direct effect, but it did not mediate the effect of early competences. Finally, the data revealed that early entrepreneurial competence in adolescence positively predicted habitual entrepreneurship (multiple successful venture creations) exhibited over a longer period of the individual career (specifically, 18 years). In linewith the results fromprospective longitudinal studies on early precursors of entrepreneurship, our findings underscore the long neglected importance of adolescent development in the explanation of entrepreneurial performance during the subsequent working life.

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

View Paper: https://www.semanticscholar.org/paper/899dc54fa25d82697c73520542a02d3f346fc7ae

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In Accounting

In Management of Technology and Innovation

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Citations in the corpus

Impact of Entrepreneurship Training on Entrepreneurial Efficacy and Alertness among Adolescent Youth (2018, background): “Alertness and efficacy are ageappropriate entrepreneurial competencies that lay the foundations of future entrepreneurial activity in the later adult stage (Obschonka et al., 2011).”
Age, culture, and self-employment motivation (2015, background): “Another theoretical contribution of our work lies at the intersection of lifespan perspectives and entrepreneurship (Obschonka et al. 2011; Obschonka and Silbereisen 2012).”
Entrepreneurial role models, fear of failure, and institutional approval of entrepreneurship: a tale of two regions (2016, background): “2010) and entrepreneurial success across their lifespan (Obschonka et al. 2011).”
Entrepreneurial potential: The role of human and cultural capitals (2014, background): “Obschonka et al. (2011) explore the importance of conceptualizing age-appropriate human capital effects on entrepreneurship and suggests using extended life histories as an appropriate approach.”