Serial Entrepreneurship: Learning by Doing?
研究连续创业是否常见，以及先前创业经验是否提升后续企业存活率，基于1990-2011年德克萨斯州零售和服务业数据，发现25.6%的企业由连续创业者经营，且经验带来宝贵技能。
Among typical entrepreneurs, is serial entrepreneurship common? Is the serial entrepreneur more likely to succeed? If so, why? These questions are addressed using data on all establishments started between 1990 and 2011 to sell retail goods and services in Texas. An entrepreneur is the owner of a new business. A serial entrepreneur is one who opens repeat businesses. We find that 25.6% of businesses are operated by serial entrepreneurs. These are the more successful businesses: prior business experience increases the longevity of the next business opened. Results with owner fixed effects suggest that past experience imparts valuable business skills.