At the sixth “Conference on the Dynamics of Entrepreneurship” at ZEW Mannheim, Christian Bergholz and Petrik Runst presented their latest research findings on serial entrepreneurship. Their analyses confirm the surprising results that serial entrepreneurs exit the market faster than first-time founders.
In their analysis, Bergholz and Runst also address possible explanations for this unexpected finding. Their results suggest that serial entrepreneurs have a different personality structure than one-time founders — they are more open, more risk-tolerant, and less conscientious. Nevertheless, their research also reveals a certain learning effect: each additional year of entrepreneurial experience increases the likelihood that a business will survive in the market.
Contact: Dr. Christian Bergholz
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