Abstract

Hybrid entrepreneurs are individuals who start their new venture while keeping paid employment. Since hybrid entrepreneurship is a relatively new area in entrepreneurship research, we attempted to systematically examine a fundamental question that is key to developing understanding of this phenomenon: What are some factors (e.g., demographic, psychographic and financial) that influence an individual’s decision to become a hybrid entrepreneur? Prior research shows that hybrid entrepreneurs are less likely to take risks compared to full-time entrepreneurs and generally maintain favorable relationship with employer and keep current paid employment (Raffiee & Feng, 2013). Thus, we draw on the underlying logic of entrepreneurial risk taking propensity to develop our hypotheses. We examine whether demographic factors such as age, education level, entrepreneurial experience, and industry tenure influence hybrid entrepreneurship. Similarly, we analyze whether psychological factors such as entrepreneurial commitment and abilities expectancy influence hybrid entrepreneurship. We investigate the influence of household net worth, a financial factor, on hybrid entrepreneurship. We propose that individuals with older age, higher education level, shorter industry tenure, less abilities expectancy, less commitment, and lower net worth are more likely to become hybrid entrepreneurs.

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