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Business takeover or new venture?: Individual and environmental determinants from a cross-country study

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Business takeover or new venture? Individual and environmental determinants from a cross-country study. / Block, Jörn; Thurik, Roy; van der Zwan, Peter et al.
In: Entrepreneurship Theory and Practice, Vol. 37, No. 5, 09.2013, p. 1099–1121.

Research output: Contribution to Journal/MagazineJournal articlepeer-review

Harvard

Block, J, Thurik, R, van der Zwan, P & Walter, S 2013, 'Business takeover or new venture? Individual and environmental determinants from a cross-country study', Entrepreneurship Theory and Practice, vol. 37, no. 5, pp. 1099–1121. https://doi.org/10.1111/j.1540-6520.2012.00521.x

APA

Vancouver

Block J, Thurik R, van der Zwan P, Walter S. Business takeover or new venture? Individual and environmental determinants from a cross-country study. Entrepreneurship Theory and Practice. 2013 Sept;37(5):1099–1121. Epub 2012 Jun 5. doi: 10.1111/j.1540-6520.2012.00521.x

Author

Block, Jörn ; Thurik, Roy ; van der Zwan, Peter et al. / Business takeover or new venture? Individual and environmental determinants from a cross-country study. In: Entrepreneurship Theory and Practice. 2013 ; Vol. 37, No. 5. pp. 1099–1121.

Bibtex

@article{a456dc04e0ef4f639d13da86cc1b58e3,
title = "Business takeover or new venture?: Individual and environmental determinants from a cross-country study",
abstract = "Whereas the determinants of entrepreneurial choice have been thoroughly analyzed in the literature, little is known about the preferred mode of entry into entrepreneurship, such as taking over an existing business or starting a new venture. Using a large international data set, this study reports considerable differences in takeover preferences across 33 countries. Hierarchical (multilevel) regressions are performed to explore individual-level and country-level determinants of the preferred mode of entry. At the individual level, a person's human capital, risk attitude, and inventiveness influence the preference for starting a new venture versus taking over an existing business. At the country level, the culture-inherent level of risk tolerance, the country's level of innovation output, and the administrative difficulty of starting a new business are found to explain the between-country variation in the preferred mode of entry. Implications of our findings for research and practice are also discussed.",
author = "J{\"o}rn Block and Roy Thurik and {van der Zwan}, Peter and Sascha Walter",
year = "2013",
month = sep,
doi = "10.1111/j.1540-6520.2012.00521.x",
language = "English",
volume = "37",
pages = "1099–1121",
journal = "Entrepreneurship Theory and Practice",
issn = "1042-2587",
publisher = "Wiley-Blackwell",
number = "5",

}

RIS

TY - JOUR

T1 - Business takeover or new venture?

T2 - Individual and environmental determinants from a cross-country study

AU - Block, Jörn

AU - Thurik, Roy

AU - van der Zwan, Peter

AU - Walter, Sascha

PY - 2013/9

Y1 - 2013/9

N2 - Whereas the determinants of entrepreneurial choice have been thoroughly analyzed in the literature, little is known about the preferred mode of entry into entrepreneurship, such as taking over an existing business or starting a new venture. Using a large international data set, this study reports considerable differences in takeover preferences across 33 countries. Hierarchical (multilevel) regressions are performed to explore individual-level and country-level determinants of the preferred mode of entry. At the individual level, a person's human capital, risk attitude, and inventiveness influence the preference for starting a new venture versus taking over an existing business. At the country level, the culture-inherent level of risk tolerance, the country's level of innovation output, and the administrative difficulty of starting a new business are found to explain the between-country variation in the preferred mode of entry. Implications of our findings for research and practice are also discussed.

AB - Whereas the determinants of entrepreneurial choice have been thoroughly analyzed in the literature, little is known about the preferred mode of entry into entrepreneurship, such as taking over an existing business or starting a new venture. Using a large international data set, this study reports considerable differences in takeover preferences across 33 countries. Hierarchical (multilevel) regressions are performed to explore individual-level and country-level determinants of the preferred mode of entry. At the individual level, a person's human capital, risk attitude, and inventiveness influence the preference for starting a new venture versus taking over an existing business. At the country level, the culture-inherent level of risk tolerance, the country's level of innovation output, and the administrative difficulty of starting a new business are found to explain the between-country variation in the preferred mode of entry. Implications of our findings for research and practice are also discussed.

U2 - 10.1111/j.1540-6520.2012.00521.x

DO - 10.1111/j.1540-6520.2012.00521.x

M3 - Journal article

VL - 37

SP - 1099

EP - 1121

JO - Entrepreneurship Theory and Practice

JF - Entrepreneurship Theory and Practice

SN - 1042-2587

IS - 5

ER -