Investment Banking

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Journal of Management http://jom.sagepub.com/ Sticking It Out : Individual Attributes and Persistence in Self-Employment
Pankaj C. Patel and Sherry M. B. Thatcher
Journal of Management published online 15 May 2012
DOI: 10.1177/0149206312446643
The online version of this article can be found at: http://jom.sagepub.com/content/early/2012/11/09/0149206312446643 Published by: http://www.sagepublications.com On behalf of:

Southern Management Association

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Journal of Management
Vol. XX No. X, Month XXXX xx-xx
DOI: 10.1177/0149206312446643
© The Author(s) 2012
Reprints and permission: http://www. sagepub.com/journalsPermissions.nav Sticking It Out: Individual Attributes and
Persistence in Self-Employment
Pankaj C. Patel
Ball State University

Sherry M. B. Thatcher
University of Louisville

There is evidence that individual attributes play an important role in self-employment entrance decisions. Drawing on the personality, psychological well-being, and goal attainment literature, the authors ask, What individual attributes are associated with persistence in self-employment?
First, they theoretically develop the concept of self-employment persistence and then empirically assess the effects of individual attributes on self-employment persistence, while including the baseline effects of these individual attributes on self-employment entrance. They use a semiparametric, reduced-form, multiple-state transition model and control for demographic and
social



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