This paper examines the moderating effect of social norms on the growth aspirations of entrepreneurs with exit experience in their subsequent entrepreneurial activities. Our analysis shows that previous entrepreneurial exit experience exercises a positive influence on individuals’ entrepreneurial growth aspirations. The findings also show that social group–level prevalence of fear of failure moderates positively this relationship and that the social context constitutes an important influence on individual’s entrepreneurial aspirations.
Autio, Erkko and Pathak, Saurav
"ENTREPRENEUR’S EXIT EXPERIENCE AND GROWTH ASPIRATIONS,"
Frontiers of Entrepreneurship Research: Vol. 30
, Article 2.
Available at: http://digitalknowledge.babson.edu/fer/vol30/iss5/2