Do entrepreneurs really learn? Or do they just tell us that they do?
- 28 June 2012
- journal article
- Published by Oxford University Press (OUP) in Industrial and Corporate Change
- Vol. 22 (1), 73-106
- https://doi.org/10.1093/icc/dts016
Abstract
This article examines the theory and evidence in support of entrepreneurial learning (EL), measured in terms of whether individuals have previously owned a business, and time since start-up. Under this theory, entrepreneurial performance is argued to be enhanced by EL which itself is enhanced by business experience. However, if business performance is strongly influenced by chance then evidence of EL will be difficult to identify. We test for EL using a large scale data set comprising 6671 new firms. We choose business survival over 3 years as our performance measure and then formulate three tests for EL. None of the three tests provide compelling evidence in support of EL.This publication has 38 references indexed in Scilit:
- An investigation of hindsight bias in nascent venture activityJournal of Business Venturing, 2009
- Toward a Dynamic Learning Perspective of EntrepreneurshipEntrepreneurship Theory and Practice, 2005
- The More the Merrier? The Effect of Family Size and Birth Order on Children's EducationThe Quarterly Journal of Economics, 2005
- Entrepreneurial Learning and Critical ReflectionManagement Learning, 2003
- Discontinuance among new firms in retail: The influence of initial resources, strategy, and genderJournal of Business Venturing, 1997
- Are Business Startups Debt-Rationed?The Economic Journal, 1996
- Pre-entrepreneurial income, cash-flow growth and survival of startup businesses: Model and tests on U.K. dataSmall Business Economics, 1996
- New Firm Survival: New Results Using a Hazard FunctionThe Review of Economics and Statistics, 1995
- Survival Chances of Newly Founded Business OrganizationsAmerican Sociological Review, 1992
- Regression Models and Life‐TablesJournal of the Royal Statistical Society: Series B (Methodological), 1972