Serial entrepreneurs and exploration behavior: the impact of novelty creation and IPO success새로운 발명과 IPO 성공이 연쇄 창업가의 탐색적 행동에 미치는 영향에 관한 연구

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Serial entrepreneurs are presumably influenced by prior venture experience, which helps improve their performance in subsequent venture. However, the impact of prior venture experience on serial entrepreneurs’ behavior in subsequent venture is relatively groundless. Therefore, we explore how prior experience influences serial entrepreneurs’ behavior in subsequent venture, especially exploration behavior. We find that the greater the novelty creation in prior venture, the more the local search in subsequent venture. However, owing to IPO success, serial entrepreneurs may do fewer local search in subsequent venture, and the effect of prior venture’s novelty creation on exploration behavior decreases. Using data on entrepreneurs and ventures around the world as well as patent data, we find support for our theories. The results have meaningful implications for the study on serial entrepreneurship and a broader impact on the study on organizational learning.
Advisors
Jung, Hyun-Juresearcher정현주researcher
Description
한국과학기술원 :기술경영학부,
Publisher
한국과학기술원
Issue Date
2020
Identifier
325007
Language
eng
Description

학위논문(석사) - 한국과학기술원 : 기술경영학부, 2020.8,[ii, 36 p. :]

Keywords

Entrepreneurship▼aSerial entrepreneurs▼aExploration behavior▼aFounder experience▼aLearning▼aInvention▼aSuccess; 기업가정신▼a연쇄창업가▼a탐색적 행동▼a설립경험▼a학습▼a발명▼a성공

URI
http://hdl.handle.net/10203/285182
Link
http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=926988&flag=dissertation
Appears in Collection
MG-Theses_Master(석사논문)
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