Do entrepreneurs really learn? Or do they just tell us that they do?

This article examines the theory and of entrepreneurial learning (EL), measured in terms of whether individuals have previously owned a , and time since start-up. Under this theory, entrepreneurial performance is argued to be enhanced by EL which itself is enhanced by experience. However, if performance is strongly influenced by chance then evidence of EL will be difficult to identify. We using a large scale data set comprising 6671 new firms. We choose survival over 3 years as our performance measure and then formulate three tests for EL. None of the three tests provide compelling evidence in support of EL.

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