The Productivity Advantage of Serial Entrepreneurs
Bibliographic Data
| ID | 3534729 |
|---|---|
| Authors | Kathryn Shaw (Stanford University), Anders Sørensen (0000-0002-8310-4221, Kathryn Shaw is the Ernest C. Arbuckle Professor of Economics at Stanford Business School. Anders Sørensen is a Professor of Economics at Copenhagen Business School) |
| Year | 2019 |
| Volume | 72 |
| Issue | 5 |
| Pages | 1225-1261 |
| Publication date | 2019-10-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Industrial and Labor Relations Review (JOURNAL) |
| Journal identifiers | ISSN: 0019-7939 • E-ISSN: 2162-271X |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0019793919865501 |
| OpenAlex | W3122564643 |
| Language | EN |
| Citations received | 1 |
| References cited | 39 |
Using panel data from Denmark from 2001 to 2013, the authors find that serial entrepreneurs-those who open more than one business-have higher sales and greater productivity than do novice entrepreneurs-those who open only one business. Specifically, serial entrepreneurs' firms have 98% higher sales than the novices' firms, and serial entrepreneurs utilize more initial capital and labor, and thus are 49% more productive. Further, certain subsets of serial entrepreneurs perform especially well; those who hold a portfolio of overlapping firms or who open as limited liability corporations (LLCs) are top performers. The authors' findings suggest that 41% of LLC entrepreneurs are serial entrepreneurs, thus deepening the need to understand these types of entrepreneurs. Finally, female entrepreneurs are shown to realize sizable gains from serial entrepreneurship: The firms of both female and male serial entrepreneurs are twice as large as the firms of novice entrepreneurs of their respective gender
Business · Economic growth · Economics · Entrepreneurship · Labour economics · Panel data · Portfolio · Productivity · Entrepreneurship Studies and Influences · Finance · Firm Innovation and Growth · Private Equity and Venture Capital
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| Citations per year | 0.25 |
|---|---|
| Citation span | 2022 - 2022 (1) |
| Highly cited | No |