Christian Hopp is professor of Technology Entrepreneurship at the RWTH Aachen University, and Rolf Sonderegger is lecturer at the Chair for International Personnel Management at the University of Vienna.
Understanding the Dynamics of Nascent Entrepreneurship—Prestart-Up Experience, Intentions, and Entrepreneurial Success
Version of Record online: 11 MAR 2014
© 2014 International Council for Small Business
Journal of Small Business Management
Volume 53, Issue 4, pages 1076–1096, October 2015
How to Cite
Hopp, C. and Sonderegger, R. (2015), Understanding the Dynamics of Nascent Entrepreneurship—Prestart-Up Experience, Intentions, and Entrepreneurial Success. Journal of Small Business Management, 53: 1076–1096. doi: 10.1111/jsbm.12107
- Issue online: 9 SEP 2015
- Version of Record online: 11 MAR 2014
Understanding the factors driving the successful founding of new firms is a subject of ongoing interest. We link prestart-up experience and intentions of nascent entrepreneurs to the shape of the entrepreneurial gestation process and eventually to successful founding. By experience, we mean previous entrepreneurial activities, labor market experience, and formal education, and by intentions, we mean commitment and ability expectations. We test our predictions on a longitudinal data set that tracks nascent entrepreneurs' venture creation efforts over a five-year time span and find evidence supporting them. Against this background, our findings also show that when controlling for the possible endogeneity of the activities carried out, a later temporal concentration of organizing activities enhances the probability of successfully founding. Our research contributes to a better understanding of contextual antecedents of the shape of gestation process and the way experience and intentions affect the successful creation of new ventures. Implications for theory and practice are discussed.