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| Author: | Gompers, P. (et al.) |
| Title: | Performance persistence in entrepreneurship |
| Journal: | Journal of Financial Economics
2010 : APR, VOL. 96:1, p. 18-32 |
| Index terms: | entrepreneurship new enterprise venture capital equities |
| Language: | eng |
| Abstract: | This paper presents evidence of performance persistence (here as: p.) in entrepreneurship. Entrepreneurs (here as: e-pnrs.) with a track record of success are shown to succeed much more likely than first-time e-pnrs. and those having previously failed. Particularly, they exhibit p. in selecting the right industry and time to start new ventures. E-pnrs. with shown market timing skill are also more likely to outperform industry peers in their subsequent ventures. |
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