Nascent entrepreneurship and the developing individual : early entrepreneurial competence in adolescence and venture creation success during the career

Obschonka, Martin, Silbereisen, Rainer, Schmitt-Rodermund, Eva, & Stuetzer, Michael (2011) Nascent entrepreneurship and the developing individual : early entrepreneurial competence in adolescence and venture creation success during the career. Journal of Vocational Behavior, 79(1), pp. 121-133.

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What predicts a person's venture creation success over the course of the career, such as making progress in the venture creation process and multiple successful venture creations? Applying a life span approach of human development, this study examined the effect of early entrepreneurial competence in adolescence, which was gathered retrospectively by means of the Life History Calendar method. Human and social capitals during the founding process were investigated as mediators between adolescent competence and performance. Findings were derived from regression analyses on the basis of prospective and retrospective data from two independent samples (N = 88 nascent founders; N = 148 founders). We found that early entrepreneurial competence in adolescence had a positive effect on making progress in the venture creation process. Nascent founders' current human and social capital also had a direct effect, but it did not mediate the effect of early competences. Finally, the data revealed that early entrepreneurial competence in adolescence positively predicted habitual entrepreneurship (multiple successful venture creations) exhibited over a longer period of the individual career (specifically, 18 years). In line with the results from prospective longitudinal studies on early precursors of entrepreneurship, our findings underscore the long neglected importance of adolescent development in the explanation of entrepreneurial performance during the subsequent working life.

Impact and interest:

25 citations in Scopus
18 citations in Web of Science®
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ID Code: 41416
Item Type: Journal Article
Refereed: Yes
Keywords: Nascent Entrepreneurship, Entrepreneurial Success, Adolescent Competence, Venture Creation, Human and Social Capital
DOI: 10.1016/j.jvb.2010.12.005
ISSN: 0001-8791
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Entrepreneurship (150304)
Divisions: Current > Research Centres > Australian Centre for Entrepreneurship
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
Copyright Owner: Copyright 2010 Elsevier Inc.
Copyright Statement: This is the author’s version of a work that was accepted for publication in the Journal of Vocational Behavior. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of Vocational Behavior, Volume 79, Issue 1, August 2011, Pages 121–133. DOI: 10.1016/j.jvb.2010.12.005
Deposited On: 28 Jun 2011 01:30
Last Modified: 08 Mar 2017 16:18

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