Work

When to Start a New Firm? : Modelling the Timing of Novice and Serial Entrepreneurs

Year: 2009

Type: preprint

Abstract: The success of new start-up firms often depends on timing. It is valuable for the potential entrepreneur to wait for the right moment before starting a new firm. In this paper we provide a theoretical model to determine the optimal time for starting a new firm. We integrate insights from the real option theory with the theory on entrepreneurial market entry. An important and novel feature of our model is that it allows the start-up timing decisions of novice and serial entrepreneurs to be distinguished.

Source: RePEc: Research Papers in Economics

Authors: Thomas Gries, Wim Naudé

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

Funders: Styrelsen för Internationellt Utvecklingssamarbete, Department for International Development, United Nations University World Institute for Development Economics Research

OpenAlex ID: W1563952149

Cites: 29

Cited by: 1

Related to: 10