- The Oxford Handbook of Entrepreneurship
- List of Figures
- List of Tables
- List of Editors and Contributors
- Theories of Entrepreneurship: Historical Development and Critical Assessment
- Entrepreneurship: An Evolutionary Perspective
- Cognitive Aspects of Entrepreneurship: Decision-Making and Attitudes to Risk
- Entrepreneurship and Marketing
- Historical Biographies of Entrepreneurs
- Determinants of Small firm survival and growth
- Start-ups and Entry Barriers: Small and Medium-Sized Firms Population Dynamics
- Definitions, Diversity and Development: Key Debates in Family Business Research
- Evaluating SME Policies and Programmes: Technical and Political Dimensions
- Entrepreneurship, Growth and Restructuring
- Innovation in Large Firms
- Entrepreneurship, Technology and Schumpeterian Innovation: Entrants and Incumbents
- Venture Capital
- Corporate Venture Capital: Past Evidence and Future Directions
- Entrepreneurship, Self-employment and the Labour Market
- Habitual Entrepreneurs
- Entrepreneurship and Management Buy-outs
- The Social Dimensions of Entrepreneurship
- Institutional Obstacles to Entrepreneurship
- Ethnic Minority Entrepreneurship
- Migration of Entrepreneurs
- Women Entrepreneurs: A Research Overview
- Enterprise Culture
- Regional Development: Clusters and Districts
- International Expansion: Foreign Direct Investment by Small- and Medium-Sized Enterprises
- Entrepreneurship in Transition Economies
Abstract and Keywords
Entrepreneurial behaviour is increasingly recognized as being heterogeneous. One notable source of heterogeneity is variations in the level and nature of entrepreneurs' experience. This has led to the distinction between experienced (‘habitual’) entrepreneurs and first-time (‘novice’) entrepreneurs. A number of high profile entrepreneurs have successfully owned several businesses. These individuals are known as habitual entrepreneurs, to reflect their ownership in more than one business, either sequentially (i.e. serial entrepreneurs) or concurrently (i.e. portfolio entrepreneurs). Although habitual entrepreneurs are widespread and have received media attention, there has been limited conceptual and theoretical understanding of this group. This article seeks to address this void by utilizing human capital theory to provide a framework for studying habitual entrepreneurs.
Deniz Ucbasaran is Associate Professor in Entrepreneurship at the University of Nottingham. She has published widely on entrepreneurial types, opportunity identification and exploration, human capital, entrepreneurial cognition and mindsets, entrepreneurial teams, and corporate entrepreneurship. She also researches the relationship between corporate governance and corporate social responsibility.
Paul Westhead is Chair in Entrepreneurship and Director for the Centre of Entrepreneurship, Durham Business School. He has published extensively on habitual entrepreneurs, family businesses, technology-based firms, science parks, the internationalization of small firms and the benefits associated with training programmes for businesses and students.
Mike Wright, Imperial College Business School.
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