Entrepreneurial Investment Cycle – A Large-scale Longitudinal Study

Reinhard Schulte

doi:10.1515/9783110747652-006

Entrepreneurial Investment Cycle – A Large-scale Longitudinal Study

Research output: Contributions to collected editions/works › Chapter › peer-review

Standard

Entrepreneurial Investment Cycle – A Large-scale Longitudinal Study. / Schulte, Reinhard.

De Gruyter Handbook of SME Entrepreneurship. ed. / Marina Dabić; Sascha Kraus. Berlin : Walter de Gruyter GmbH, 2023. p. 97-112 (De Gruyter Handbooks in Business, Economics and Finance).

Research output: Contributions to collected editions/works › Chapter › peer-review

Harvard

Schulte, R 2023, Entrepreneurial Investment Cycle – A Large-scale Longitudinal Study. in M Dabić & S Kraus (eds), De Gruyter Handbook of SME Entrepreneurship. De Gruyter Handbooks in Business, Economics and Finance, Walter de Gruyter GmbH, Berlin, pp. 97-112. https://doi.org/10.1515/9783110747652-006

APA

Schulte, R. (2023). Entrepreneurial Investment Cycle – A Large-scale Longitudinal Study. In M. Dabić, & S. Kraus (Eds.), De Gruyter Handbook of SME Entrepreneurship (pp. 97-112). (De Gruyter Handbooks in Business, Economics and Finance). Walter de Gruyter GmbH. https://doi.org/10.1515/9783110747652-006

Vancouver

Schulte R. Entrepreneurial Investment Cycle – A Large-scale Longitudinal Study. In Dabić M, Kraus S, editors, De Gruyter Handbook of SME Entrepreneurship. Berlin: Walter de Gruyter GmbH. 2023. p. 97-112. (De Gruyter Handbooks in Business, Economics and Finance). doi: 10.1515/9783110747652-006

Bibtex

@inbook{81bee206004a475da5342a7a07cdf915,

title = "Entrepreneurial Investment Cycle – A Large-scale Longitudinal Study",

abstract = "Investment trajectories of new businesses are an often disregarded but vital aspect of new venture development. This study debuts in showing robust evidence of new venture investment time patterns by using investment time series of 4,733 new businesses. Based on a fixed effects nonlinear panel regression approach, the chapter models the trajectory of new venture asset acquisition in the first years after market entry. The results unveil durations and levels of investment patterns. Showing a first investment peak at market entry and a second peak years later, an initial new venture investment cycle is bimodal. Its peak-to-peak duration yields approximately nine years on average. New venture investment can be staggered into three stages, namely an initial, a plateau, and a replacement and expansion stage.",

keywords = "Management studies, new ventures, start-up, investment pattern, investment trajectory, fixed effects model, panel data, new ventures, start-up, investment pattern, investment trajectory, fixed effects model, panel data, Entrepreneurship",

author = "Reinhard Schulte",

note = "Publisher Copyright: {\textcopyright} 2023 Walter de Gruyter GmbH, Berlin/Boston.",

year = "2023",

month = nov,

day = "6",

doi = "10.1515/9783110747652-006",

language = "English",

isbn = "978-3-11-074752-2",

series = "De Gruyter Handbooks in Business, Economics and Finance",

publisher = "Walter de Gruyter GmbH",

pages = "97--112",

editor = "Marina Dabi{\'c} and Sascha Kraus",

booktitle = "De Gruyter Handbook of SME Entrepreneurship",

address = "Germany",

}

RIS

TY - CHAP

T1 - Entrepreneurial Investment Cycle – A Large-scale Longitudinal Study

AU - Schulte, Reinhard

PY - 2023/11/6

Y1 - 2023/11/6

N2 - Investment trajectories of new businesses are an often disregarded but vital aspect of new venture development. This study debuts in showing robust evidence of new venture investment time patterns by using investment time series of 4,733 new businesses. Based on a fixed effects nonlinear panel regression approach, the chapter models the trajectory of new venture asset acquisition in the first years after market entry. The results unveil durations and levels of investment patterns. Showing a first investment peak at market entry and a second peak years later, an initial new venture investment cycle is bimodal. Its peak-to-peak duration yields approximately nine years on average. New venture investment can be staggered into three stages, namely an initial, a plateau, and a replacement and expansion stage.

AB - Investment trajectories of new businesses are an often disregarded but vital aspect of new venture development. This study debuts in showing robust evidence of new venture investment time patterns by using investment time series of 4,733 new businesses. Based on a fixed effects nonlinear panel regression approach, the chapter models the trajectory of new venture asset acquisition in the first years after market entry. The results unveil durations and levels of investment patterns. Showing a first investment peak at market entry and a second peak years later, an initial new venture investment cycle is bimodal. Its peak-to-peak duration yields approximately nine years on average. New venture investment can be staggered into three stages, namely an initial, a plateau, and a replacement and expansion stage.

KW - Management studies

KW - new ventures

KW - start-up

KW - investment pattern

KW - investment trajectory

KW - fixed effects model

KW - panel data

KW - new ventures

KW - start-up

KW - investment pattern

KW - investment trajectory

KW - fixed effects model

KW - panel data

KW - Entrepreneurship

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UR - https://www.degruyter.com/document/doi/10.1515/9783110747652/html#overview

UR - http://www.scopus.com/inward/record.url?scp=85177456089&partnerID=8YFLogxK

UR - https://www.mendeley.com/catalogue/0e13d8a5-f3fb-3678-9c6f-3beec41484a9/

U2 - 10.1515/9783110747652-006

DO - 10.1515/9783110747652-006

M3 - Chapter

SN - 978-3-11-074752-2

SN - 3-11-074752-9

T3 - De Gruyter Handbooks in Business, Economics and Finance

SP - 97

EP - 112

BT - De Gruyter Handbook of SME Entrepreneurship

A2 - Dabić, Marina

A2 - Kraus, Sascha

PB - Walter de Gruyter GmbH

CY - Berlin

ER -

DOI

https://doi.org/10.1515/9783110747652-006
Final published version