Abstract
Entrepreneurship through acquisition represents a
viable path to entrepreneurship, yet little is known about the characteristics
of the individuals attracted to these types of opportunities. Using a unique
dataset of aspiring entrepreneurs, we find that aspiring entrepreneurs with
more experience are more likely to proceed with an ETA opportunity while those
with experience working in bureaucratic organizations are less likely to
proceed with an ETA opportunity. Finally, aspiring entrepreneurs who have
stronger implicit motivations of status and recognition are also more likely to
proceed with an ETA opportunity. Implications of the findings are discussed and
directions for future research are offered.
