How does late-career entrepreneurship relate to innovation?

Thumbnail Image

Access rights

openAccess

URL

Journal Title

Journal ISSN

Volume Title

A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä
This publication is imported from Aalto University research portal.
View publication in the Research portal (opens in new window)
View/Open full text file from the Research portal (opens in new window)

Authors

Date

2023-07

Department

Department of Management Studies

Major/Subject

Mcode

Degree programme

Language

en

Pages

Series

Research Policy, Volume 52, issue 6

Abstract

In this paper, we present an explorative study that develops our understanding of the relationship between late-career entrepreneurship and innovation-driven business activity. Based on observations of 2903 solo founders of new ventures in Germany in 2008–2017, we offer first and robust evidence that late-career entrepreneurs (~50 years and above) are more likely than younger founders to introduce product/service innovations that are ‘new to the market’. Our explorations specifically reveal that older founders who draw on personal financial resources and combine their innovation orientation with prior managerial experience are most likely to generate the types of innovations that bring new products or services to the market. We conclude by discussing how our study's insights contribute to the research agenda on innovations in late-career entrepreneurship.

Description

Keywords

Entrepreneurship, Career, Innovation, Aging, Age

Other note

DOI

10.1016/j.respol.2023.104763

Citation

Murmann, M, Salmivaara, V & Kibler, E 2023, ' How does late-career entrepreneurship relate to innovation? ', Research Policy, vol. 52, no. 6, 104763 . https://doi.org/10.1016/j.respol.2023.104763

Permanent link to this item

https://urn.fi/URN:NBN:fi:aalto-202304192796

Collections

[article-cris] Kauppakorkeakoulu / BIZ