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Title：Failing firms and successful entrepreneurs: serial entrepreneurship as a temporal portfolio
Abstract：Entrepreneurial performance is almost always confounded with firm performance. In this
paper we argue for an instrumental view of the firm by formally showing that entrepreneurs can amplify their expected success rates by designing their careers as temporal portfolios that exploit contagion processes embedded in serial entrepreneurship. The advantages to holding concurrent portfolios that exploit heterogeneity are well known. The same advantages may be achieved in the serial context through contagion. Our model exploits an observation due to William Feller on the near equivalence of the two, statistically speaking. It also leads to empirically plausible implications about the size distribution of firms in the economy and illustrates the relevance of considering firms and entrepreneurs as distinct loci of analysis.
Authors：Saras D. Sarasvathy • Anil R. Menon
Journal：Small Business Economics
简述一下理解：创业还是多次好。这样验证了为什么投资者偏好于投资连续创业者，对于初次创业者不感冒。

Captain-CUI 发表于 2015-12-29 21:25
这么说也是蛮有道理啊

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飞飞法师 发表于 2015-12-29 21:26
白俊红、蒋伏心（2015经济研究第7期）以1998—2012年中国30个省份的研发面板数据为样本，通过构建协同创新指 ...

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