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- W3127283514 abstract "Abstract In this paper, I explore business cycle‐related dynamics in differences in exit decisions between serial and novice entrepreneurs. Using time series geographic variation in economic conditions, I examine how businesses founded by serial and novice entrepreneurs differentially respond to changes on average state personal income, alternative employment options, and home values. Weibull survival model estimates indicate that serial entrepreneurs are more likely to endure declines in aggregate income and credit availability, but are relatively more likely to go out of business as slack increases in the labor market (increases in unemployment rate). In the second part of the paper, I provide evidence that these dynamics are driven by differences in business strategies and the use of financial resources." @default.
- W3127283514 created "2021-02-15" @default.
- W3127283514 creator A5090170087 @default.
- W3127283514 date "2021-02-02" @default.
- W3127283514 modified "2023-09-23" @default.
- W3127283514 title "Entrepreneurial experience and firm exit over the business cycle" @default.
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- W3127283514 doi "https://doi.org/10.1111/jems.12403" @default.
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