Authors: Tatsuyoshi Masuda
Addresses: Department of Economics, Hokusei Gakuen University, Atsubetu ku, Sapporo 004-0042, Japan
Abstract: We examine the determinants of economic performance for re-starters in Japan. Empirical results show that re-starters who recognise the |stigma of failure| in business society and who |utilise their business failure experiences for the personnel training and the employment of a talented person| have good performance. The timing and method of closing prior business is an important factor for the success of re-starters. Re-starters should have a long-term business management perspective at the time of re-startup. However, aged people who have not accumulated any related business experience should not be re-starters.
Keywords: entrepreneurial re-starters; stigmas; business failures; ability; older people; Japan; age; determinants; economic performance; personnel training; employment; talent; closures; prior businesses; success; long-term perspectives; business management; experience; small and medium-sized enterprises; SMEs; entrepreneurship; entrepreneurs.
International Journal of Entrepreneurship and Small Business, 2010 Vol.11 No.2, pp.145 - 164
Available online: 31 Aug 2010 *Full-text access for editors Access for subscribers Purchase this article Comment on this article