Founding a business may be inspired by close entrepreneurial ties, that is, business-owning relatives or friends. We analyze if and when such inspiration is associated with post-entry survival. Drawing on longitudinal data on 942 founders, we find a positive relationship only if founders start by taking over an existing business, or spend considerable time at start-up. Moreover, the impact of close tie inspiration is negative for founders with prior entrepreneurial experience, revealing a dark side to serial entrepreneurship. Our findings show that new firm survival can be better understood by modeling contingency variables.
- Management - Professor
- Strategy & Organisation
- Bath Centre for Healthcare Innovation and Improvement
- Centre for Research in Entrepreneurship and Innovation at Bath - Co-Director
Person: Research & Teaching