How does the age of serial entrepreneurs influence their re-venture speed after a business failure?

Lin, Song; Wang, Shihui

doi:10.1007/s11187-017-9977-0

Cited by 36 publications

(44 citation statements)

References 64 publications

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“…This refers to positive evaluations from and the approval and sometimes participation of entrepreneurs' family members in their businesses. Research shows that family support plays an important role in entrepreneurial entry, continuance, and even exit, and this is also true for college student entrepreneurs (Song and Wang, 2019). Our interview data also confirmed this: "What we need most now is family support.…”

Section: Family Supportsupporting

confidence: 78%

Give Me What I Want: Identifying the Support Needs of College Student Entrepreneurs

Wang

Huang

2020

Front. Psychol.

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To determine how the success rate of college students' entrepreneurship can be improved, we sought to identify the support needs of undergraduate entrepreneurs and evaluate the importance of different support needs using data from face-to-face interviews with 138 Chinese college student entrepreneurs. Further, we explored the distribution tendencies of the support needs at different entrepreneurial stages. We found that the support needs of college student entrepreneurs can be divided into 20 types, which can be categorized into core support needs (six types), secondary support needs (six types), and marginal support needs (eight types) in descending order of importance. A cross-stage analysis indicates that the support needs differ during the different entrepreneurial stages. While the needs during the entrepreneurial preparation stage and the startup stage have many similarities, those during the entrepreneurial failure stage are significantly different from those of the other three stages examined, showing heterogeneity. In addition, we identified psychological counseling as an important core support need in the failure stage and demonstrate its critical role in helping college students out of the shadow of entrepreneurial failure. This study expands the research on entrepreneurial support needs. Its findings provide valuable information to help colleges and governments develop more targeted and appropriate support for college entrepreneurs based on entrepreneurial stages to promote entrepreneurial success.

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Section: Family Supportsupporting

confidence: 78%

Give Me What I Want: Identifying the Support Needs of College Student Entrepreneurs

Wang

Huang

2020

Front. Psychol.

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“…This region accounts for 18.2% of China's GDP. Due to an abundance of technology, human capital, investment, as well as the policy of the area, BER is one of the most active entrepreneurship zones in China (Lin and Wang, 2019). Therefore, BER is an ideal area for the study of entrepreneurship, and it was appropriate to conduct the current investigation in this region.…”

Section: Methods and Measure Samplementioning

confidence: 99%

“…Two entrepreneur level variables (i.e., age and education) were included in the analysis. These variables were also integrated into previous studies on business and project failure (Shepherd et al, 2011;Eggers and Lin, 2015;Lin and Wang, 2019). Age was measured in five categories (1 for 20-30, 2 for 31-40, 3 for 41-50, 4 for 51-60, and 5 for 61 and above); education was measured in eight categories (1 for primary school, 2 for junior high school, 3 for high school/specialized secondary school, 4 for junior college, 5 for undergraduates, 6 for master's, 7 for doctorate, and 8 for others).…”

Section: Control Variablesmentioning

confidence: 99%

“…Two firm-level variables, employee and asset, were also incorporated. The employee variable was measured in six categories (1 for 1-20 persons, 2 for 21-40 persons, 3 for 41-60 persons, 4 for 61-80 persons, 5 for 81-100 persons, and 6 for 101 and above), while the asset variable was measured by the logarithm of the firm's total asset value (Eggers and Lin, 2015;Lin and Wang, 2019).…”

Section: Control Variablesmentioning

confidence: 99%

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How Coping Combination Affects Innovation Ambidexterity in Business Failure Situations

2020

Self Cite

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As an effective cognitive and behavioral strategy, coping helps to overcome negative events. Although coping and its effects have been widely studied in psychology, little is known about the combination of entrepreneurs' coping and its connection with firms' innovation ambidexterity. To fill these gaps, in this study, the authors collected 106 samples through two serial-wave surveys of the Bohai Economic Rim in China and tested the theoretical hypotheses using polynomial regression with response surface analysis. The results showed that alignment coping combination enhanced innovation ambidexterity by reshaping an entrepreneur's cognitive structure. Misalignment coping combination was found to enhance innovation ambidexterity by eliciting an entrepreneur's different types of information processing systems. This study contributes to the literatures of coping, innovation ambidexterity, and upper echelons theory from the entrepreneurial cognition approach.

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“…Again the likely result is less strategic change, consistent with the 'tradition vs. change' paradox. Lin and Wang (2019), who studied the speed with which serial entrepreneurs start new ventures following failure, suggest that the embeddedness paradox 1 might explain why family involvement does not expedite re-venturing. The embeddedness paradox refers to the risk-aversion created in successors by highly entrepreneurial founders: successors fear that if they take risks they may waste the resources the founder built up for the famiy.…”

Section: What Is Paradoxical About Family Businessmentioning

confidence: 99%

The what and how of Family business paradox: Literature-inspired distillations and directions

Barrett

Moores

2020

International Small Business Journal

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The purpose of this article is to review and comment on the literature on family business paradox against the backdrop of Moores and Barrett’s 4Ls learning framework. This framework outlined the learning paradoxes, priorities and pathways that successful family business CEOs identified and coped with in their learning journeys. A ‘what and how’ theme emerges from our literature review (203 items) where we identify both confirmations and deficiencies in the 4Ls framework – deficiencies that suggest future research opportunities. Research directions are distilled in the form of questions that extend the 4Ls by enhancing the model both within it and by connecting it with adjacent areas.

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How does the age of serial entrepreneurs influence their re-venture speed after a business failure?

Cited by 36 publications

References 64 publications

Give Me What I Want: Identifying the Support Needs of College Student Entrepreneurs

Give Me What I Want: Identifying the Support Needs of College Student Entrepreneurs

How Coping Combination Affects Innovation Ambidexterity in Business Failure Situations

The what and how of Family business paradox: Literature-inspired distillations and directions

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