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Once an entrepreneur, always an entrepreneur? Entrepreneurial identity, job characteristics, and voluntary turnover of former entrepreneurs in paid employment
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Feng, J., Allen, David G. and Seibert, S. (2022) Once an entrepreneur, always an entrepreneur? Entrepreneurial identity, job characteristics, and voluntary turnover of former entrepreneurs in paid employment. Personnel Psychology, 75 (1). pp. 179-213. doi:10.1111/peps.12455 ISSN 0031-5826 .
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Official URL: https://doi.org/10.1111/peps.12455
Abstract
We focus on former entrepreneurs’ employment in established firms. Understanding the retention of former entrepreneurs—those who were previously founders of business ventures—is important to firms hoping to reap the benefits of their entrepreneurial experience. We compare the duration of their retention to other employees without entrepreneurial experience and propose a theoretical model in which entrepreneurial identity and job characteristics play a central role. The time-dependent risk of voluntary turnover was estimated using survival analysis. Results from a primary survey collected from multiple firms in 2015–2018 (Study 1) reveal that former entrepreneurs quit sooner than others, and this effect was mediated by entrepreneurial identity. A second study using the NLSY79 and O*Net longitudinal dataset (Study 2) again supports this mediated relationship and further shows that the indirect effect through entrepreneurial identity was moderated such that employees with entrepreneurial identity stayed longer in jobs with favorable characteristics (i.e., high levels of work autonomy and more entrepreneurial opportunities) than other jobs. In Study 2, we were able to observe individuals’ careers over decades to capture the patterns of individual mobility—the back-and-forth exploration between businesses owned by self and others. The supplementary analysis provides additional evidence regarding turnover destinations. The findings offer implications for firms endeavoring to retain entrepreneurial talent and individuals pursuing a career that may involve both paid employment and entrepreneurship.
| Item Type: | Journal Article | ||||||||
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| Subjects: | B Philosophy. Psychology. Religion > BF Psychology H Social Sciences > HB Economic Theory |
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| Divisions: | Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management Faculty of Social Sciences > Warwick Business School > Industrial Relations Research Unit Faculty of Social Sciences > Warwick Business School |
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| Library of Congress Subject Headings (LCSH): | Entrepreneurship, Businesspeople -- Psychology, Entrepreneurship -- Psychological aspects | ||||||||
| Journal or Publication Title: | Personnel Psychology | ||||||||
| Publisher: | Wiley-Blackwell Publishing, Inc. | ||||||||
| ISSN: | 0031-5826 | ||||||||
| Official Date: | January 2022 | ||||||||
| Dates: |
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| Volume: | 75 | ||||||||
| Number: | 1 | ||||||||
| Page Range: | pp. 179-213 | ||||||||
| DOI: | 10.1111/peps.12455 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Reuse Statement (publisher, data, author rights): | This is the peer reviewed version of the following article: Feng, J, Allen, D G, & Seibert, S E. Once an entrepreneur, always an entrepreneur? Entrepreneurial identity, job characteristics, and voluntary turnover of former entrepreneurs in paid employment. Personnel Psychology. 2021; 1– 35, which has been published in final form at https://doi.org/10.1111/peps.12455. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. | ||||||||
| Access rights to Published version: | Restricted or Subscription Access | ||||||||
| Date of first compliant deposit: | 19 April 2021 | ||||||||
| Date of first compliant Open Access: | 29 April 2023 |
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