| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w12592 |
| 来源ID | Working Paper 12592 |
| Skill vs. Luck in Entrepreneurship and Venture Capital: Evidence from Serial Entrepreneurs | |
| Paul Gompers; Anna Kovner; Josh Lerner; David Scharfstein | |
| 发表日期 | 2006-10-18 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | This paper argues that a large component of success in entrepreneurship and venture capital can be attributed to skill. We show that entrepreneurs with a track record of success are more likely to succeed than first time entrepreneurs and those who have previously failed. Funding by more experienced venture capital firms enhances the chance of success, but only for entrepreneurs without a successful track record. Similarly, more experienced venture capitalists are able to identify and invest in first time entrepreneurs who are more likely to become serial entrepreneurs. Investments by venture capitalists in successful serial entrepreneurs generate higher returns for their venture capital investors. This finding provides further support for the role of skill in both entrepreneurship and venture capital. |
| 主题 | Financial Economics ; Financial Institutions ; Industrial Organization ; Firm Behavior |
| URL | https://www.nber.org/papers/w12592 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/570254 |
| 推荐引用方式 GB/T 7714 | Paul Gompers,Anna Kovner,Josh Lerner,et al. Skill vs. Luck in Entrepreneurship and Venture Capital: Evidence from Serial Entrepreneurs. 2006. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w12592.pdf（217KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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