Which entrepreneurs restart an adventure after an entrepreneurial exit?
Using the individual data of 30,329 ex-entrepreneurs2 from the GEM database between 2007 and 2013, we tested the impact of voluntary and involuntary exit reasons as well as other determinants (human and social capital and fear of failure) on the intention to recreate after a business exit. Our results show that unlike individuals who have voluntarily left their activities, individuals (from OECD countries) who have left their previous business involuntarily are more likely to try an entrepreneurial adventure again. They can perceive this experience as a first try, through which they have acquired knowledge that they can use in a future venture.