Research Handbook of Entrepreneurial Exit

Research Handbook of Entrepreneurial Exit

Research Handbooks in Business and Management series

Edited by Dawn R. DeTienne and Karl Wennberg

With contributions from authors around the globe, Research Handbook of Entrepreneurial Exit explores this most important phenomenon in the entrepreneurial journey. This book presents a comprehensive review of the current issues in entrepreneurial exits, and provides theoretical and methodological insights for future research. It explores the historical perspective and discusses topics such as gender and exit, retirement, psychological barriers, emotional aspects, venture capital funding firm relocation and exit from social ventures.

Chapter 5: Event history analysis using the Kauffman Firm Survey

Joseph Farhat and Alicia M. Robb

Subjects: business and management, entrepreneurship, strategic management

Extract

The Kauffman Firm Survey (KFS) is the largest longitudinal study of newly formed businesses and has received considerable attention from researchers in the field of entrepreneurship. The main objective of the survey was to further understand entrepreneurial activity, to longitudinally track new firms, to understand the dynamics of business development at the owner and the business level in the USA, and to close the informational gap related to new business development (Haviland and Savych, 2007). By capturing the same type of information from the same business over time through data collection at multiple intervals (waves), the longitudinal nature of the KFS data provides opportunities for studying individual-level change over time as well as identifying the underlying dynamics of change. The KFS longitudinal data are organized in major sections that provide information about business characteristics, strategy and innovation, business organization and human resource benefits, business finances, work behavior, and ownership and demographics of up to ten active owner-operators. In the KFS, an active owner-operator is defined as an owner who provides regular assistance or advice regarding the day-to-day operations of the business, rather than providing only money or occasional operating assistance.

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