Having your cake and eating it too? A two-stage model of the impact of employment and parallel job search on hybrid nascent entrepreneurship

Kim Klyver*, Paul Steffens, Carina Lomberg

*Corresponding author for this work

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

Hybrid entrepreneurship, simultaneous employment and entrepreneurship, is increasingly prevalent. We theorize entrepreneurial entry as one possible outcome of a two-stage new employment search process 1) decision to search for a job, attempt a start-up, or both and 2) outcome of start-up attempts. Stage 2 is critically different for hybrid (employed) nascent entrepreneurs who have greater access to resources and experience lower risk but also more salient alternative employment options. Using a novel longitudinal panel of new employment opportunity seekers, we find that employment status matters and that “parallel search” for a new job is detrimental to successful entrepreneurial entry.

Original languageEnglish
Article number106042
JournalJournal of Business Venturing
Volume35
Issue number5
ISSN0883-9026
DOIs
Publication statusPublished - Sep 2020

Keywords

  • Entrepreneurial process
  • Experience
  • Hybrid entrepreneurship
  • Parallel search
  • Start-up decision

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