Decisions, Actions, and Performance: Do Novice, Serial, and Portfolio Entrepreneurs Differ?*

By Paul Westhead, Deniz Ucbasaran, Mike Wright. 2005

378 citations recorded by the source corpus.

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

View Paper: https://www.semanticscholar.org/paper/f0ff4d73b05c8fe3a5670f24e3f4138e9eff859b

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Citations in the corpus

Did firm age, experience, and access to finance count? SME performance after the global financial crisis (2018, positive): “For example, whilst there is virtually no evidence found between performance and the age of entrepreneur, some studies have found a positive relationship between experience and small business performance (Burke et al, 2000; Honig, 1998; Watson et al, 2003; Westhead et al, 2005; Zarutskie, 2010).”
Do serial entrepreneurs run successively better-performing businesses? (2013, background): “These insights contribute to the growing policy discussion about habitual entrepreneurship in general and serial entrepreneurs in particular (Westhead et al., 2003, 2005).”
What really happens to small and medium-sized enterprises in a global economic recession? UK evidence on sales and job dynamics (2015, result): “For example, while there is virtually no evidence found between performance and the age of entrepreneur, some studies have found a positive relationship between experience and small business performance (Burke et al., 2000; Honig, 1998; Watson et al., 2003; Westhead et al., 2005; Zarutskie, 2010).”
Exit Strategies in Family Firms: How Socioemotional Wealth Drives the Threshold of Performance (2013, neutral): “Recent research has increasingly stressed how the inherent characteristics of family firms make portfolio entrepreneurship—the ownership and management of more than one venture at a time (Westhead & Wright, 1999; Westhead et al., 2005; Wiklund & Shepherd, 2008)—especially attractive to family firms ”
An investigation of hindsight bias in nascent venture activity (2009, background): “We contribute by providing empirical evidence of hindsight bias in nascent entrepreneurs, describing how this bias affects or even prevents learning from failed nascent activity, and in turn, influences future nascent activity (Westhead et al., 2005).”
Entrepreneurship and University Technology Transfer (2004, background): “Issues arise both in terms of understanding the behavior of habitual entrepreneurs versus first time (novice) entrepreneurs and the nature of support for entrepreneurship (Ucbasaran et al., 2003; Westhead et al., 2004).”
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.”
The advantage of experienced start-up founders in venture capital acquisition: evidence from serial entrepreneurs (2007, neutral): “First, they should have been in close 4 Some of these studies (Westhead and Wright 1998a, b; Westhead et al. 2005a, b, c; Wright et al. 1997a, b) make a distinction between ‘‘serial’’ and ‘‘portfolio’’ entrepreneurs, with the former referring to those who founded multiple firms in a sequential…”
Framing the Entrepreneurial Experience (2012, background): “It is the stock quality of experience that is most frequently referred to by entrepreneurship scholars, usually as an antecedent variable (Westhead et al., 2005).”