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Author: Feng, Jie
Resulting in 2 citations.
1. Feng, Jie
Allen, David G.
Seibert, Scott E.
Once an Entrepreneur, Always an Entrepreneur? Entrepreneurial Identity, Job Characteristics, and Voluntary Turnover of Former Entrepreneurs in Paid Employment
Personnel Psychology published online (29 April 2021): DOI: 10.1111/peps.12455.
Also: https://onlinelibrary.wiley.com/doi/10.1111/peps.12455
Cohort(s): NLSY79
Publisher: Personnel Psychology
Keyword(s): Entrepreneurship; Job Characteristics; Job Turnover; Occupational Information Network (O*NET)

Permission to reprint the abstract has not been received from the publisher.

We focus on former entrepreneurs' employment in established firms. Understanding the retention of former entrepreneurs--those who were previously founders of business ventures--is important to firms hoping to reap the benefits of their entrepreneurial experience. We compare the duration of their retention to other employees without entrepreneurial experience and propose a theoretical model in which entrepreneurial identity and job characteristics play a central role. The time‐dependent risk of voluntary turnover was estimated using survival analysis. Results from a primary survey collected from multiple firms in 2015-2018 (Study 1) reveal that former entrepreneurs quit sooner than others, and this effect was mediated by entrepreneurial identity. A second study using the NLSY79 and Net longitudinal dataset (Study 2) again supports this mediated relationship and further shows that the indirect effect through entrepreneurial identity was moderated such that employees with entrepreneurial identity stayed longer in jobs with favorable characteristics (i.e., high levels of work autonomy and more entrepreneurial opportunities) than other jobs. In Study 2, we were able to observe individuals' careers over decades to capture the patterns of individual mobility--the back‐and‐forth exploration between businesses owned by self and others. The supplementary analysis provides additional evidence regarding turnover destinations. The findings offer implications for firms endeavoring to retain entrepreneurial talent and individuals pursuing a career that may involve both paid employment and entrepreneurship.
Bibliography Citation
Feng, Jie, David G. Allen and Scott E. Seibert. "Once an Entrepreneur, Always an Entrepreneur? Entrepreneurial Identity, Job Characteristics, and Voluntary Turnover of Former Entrepreneurs in Paid Employment." Personnel Psychology published online (29 April 2021): DOI: 10.1111/peps.12455.
2. Raffiee, Joseph
Feng, Jie
Should I Quit My Day Job?: A Hybrid Path to Entrepreneurship
Academic of Management Journal 57,4 (1 August 2014): 936-963.
Also: http://amj.aom.org/content/57/4/936.abstract
Cohort(s): NLSY79
Publisher: Academy of Management
Keyword(s): Armed Forces Qualifications Test (AFQT); Entrepreneurship; Modeling, Hazard/Event History/Survival/Duration; Risk-Taking; Self-Employed Workers

Permission to reprint the abstract has not been received from the publisher.

Research suggests that the risk and uncertainty associated with entrepreneurial activity deters entry and contributes to the high rates of new business failure. In this study, we examine how the ability to reduce these factors by means of hybrid entrepreneurship—the process of starting a business while retaining a “day job” in an existing organization—influences entrepreneurial entry and survival. Integrating insights from real options theory with logic from the individual differences literature, we hypothesize and find that individuals who are risk averse and have low core self-evaluation are more likely to enter hybrid entrepreneurship relative to full-time self-employment. In turn, we argue and find that hybrid entrepreneurs who subsequently enter full-time self-employment (i.e., quit their day job) have much higher rates of survival relative to individuals who enter full-time self-employment directly from paid employment. Adding support to our theory that the survival advantage is driven by a learning effect that takes place during hybrid entrepreneurship, we find that the decrease in exit hazard is stronger for individuals with prior entrepreneurial experience. Taken together, our findings suggest that individual characteristics may play a greater role in determining the process of how (rather than if) entrepreneurial entry occurs, and that the process of how entrepreneurial entry transpires has important implications for new business survival.
Bibliography Citation
Raffiee, Joseph and Jie Feng. "Should I Quit My Day Job?: A Hybrid Path to Entrepreneurship." Academic of Management Journal 57,4 (1 August 2014): 936-963.