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.
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.
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|Item Type:||Journal Article|
|Keywords:||Nascent Entrepreneurship, Entrepreneurial Success, Adolescent Competence, Venture Creation, Human and Social Capital|
|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
|Deposited On:||28 Jun 2011 11:30|
|Last Modified:||01 Mar 2012 00:35|
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