How does late-career entrepreneurship relate to innovation?
基于德国2903名独资创业者的数据，发现50岁及以上的晚期职业创业者比年轻创业者更可能推出市场全新的产品或服务创新，尤其是那些利用个人财务资源并具备管理经验的人。
In this paper, we present an explorative study that develops our understanding of the relationship between late-career entrepreneurship and innovation-driven business activity. Based on observations of 2903 solo founders of new ventures in Germany in 2008–2017, we offer first and robust evidence that late-career entrepreneurs (~50 years and above) are more likely than younger founders to introduce product/service innovations that are ‘new to the market’. Our explorations specifically reveal that older founders who draw on personal financial resources and combine their innovation orientation with prior managerial experience are most likely to generate the types of innovations that bring new products or services to the market. We conclude by discussing how our study's insights contribute to the research agenda on innovations in late-career entrepreneurship.