Jeroen P.J. de Jong is an Associate Professor of Strategic Management and Entrepreneurship, RSM Erasmus University, Burgemeester Oudlaan 50, 3062 PA Rotterdam, the Netherlands.
Founding a Business Inspired by Close Entrepreneurial Ties: Does It Matter for Survival?
Article first published online: 6 DEC 2013
© 2013 Baylor University
Entrepreneurship Theory and Practice
How to Cite
de Jong, J. P.J. and Marsili, O. (2013), Founding a Business Inspired by Close Entrepreneurial Ties: Does It Matter for Survival?. Entrepreneurship Theory and Practice. doi: 10.1111/etap.12086
- Article first published online: 6 DEC 2013
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.