@misc{MuehlfeldUrbigWeitzel, author = {M{\"u}hlfeld, Katrin and Urbig, Diemo and Weitzel, Utz}, title = {Entrepreneurs' exploratory perseverance in learning settings}, series = {Entrepreneurship, Theory \& Practice}, volume = {41}, journal = {Entrepreneurship, Theory \& Practice}, number = {4}, issn = {1540-6520}, doi = {10.1111/etp.12224}, pages = {533 -- 565}, abstract = {We introduce "exploratory perseverance" as a novel construct that captures perseverant behavior in settings in which several alternatives can be explored and evaluated. We suggest that entrepreneurs display exploratory perseverance reflected by a tendency to keep exploring broader sets of alternatives, to adopt a parallel rather than sequential approach to trial-and-error learning, and, after negative experiences with some alternatives, to be more inclined to give them a second chance. The results from an experimental study of 449 individuals participating in the Iowa Gambling Task indicate that more entrepreneurially experienced individuals display greater exploratory perseverance than those with little to no entrepreneurial experience.}, language = {en} } @misc{HermannsUrbigBlocketal., author = {Hermanns, Thomas and Urbig, Diemo and Block, J{\"o}rn and M{\"u}hlfeld, Katrin}, title = {Economic adjustment strategies of self-employed individuals during essential crises: The case of complementary paid jobs}, series = {39th EGOS Colloquium. Organizing for the good life: Between legacy and imagination, University of Cagliari July 6-8, 2023, Cagliari, Italy}, journal = {39th EGOS Colloquium. Organizing for the good life: Between legacy and imagination, University of Cagliari July 6-8, 2023, Cagliari, Italy}, abstract = {Research on entrepreneurs combining their own start-ups with wage work—often referred to as hybrid or part-time entrepreneurship—has primarily focused on employees (temporarily) retaining their wage jobs while (gradually) transitioning into entrepreneurship. During crises, however, entrepreneurs seeking to ensure survival of their existing ventures may strive to supplement self-employment with entry into wage jobs. Specifically, we hypothesize that such crisis-coping may facilitate venture survival through two separate pathways, an income-portfolio-driven one and one geared towards business model testing. The latter effect is contingent upon the degree of uncertainty regarding the business model change. We test these hypotheses empirically against the backdrop of the Covid-19 crisis using a sample of more than 10.000 German self-employed individuals. The results largely support our hypotheses and overall offer interesting implications for both future research as well as policymakers seeking to support small businesses during crisis periods.}, language = {en} }