What is the career background of formal and informal entrepreneurs and does this influence their formalization decision? We employ the theory of planned behavior, social identity theory and embedded career capital framework to develop hypotheses on how the new venture formalization decision is dependent on the entrepreneur’s career history. We find that employment in a family business and in the private sector is related positively to founding a formal new venture. Furthermore, our results show that a career in the same industry as the new venture increases the likelihood of formalizing the venture. These findings emphasize the role of the career background in the entrepreneur’s formalization decision through building embedded-career capital, influencing the social identity and determining the attitude toward starting a formal versus informal new venture.

中文翻译：

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非正规经济中的创业者

正规和非正规企业家的职业背景是什么，这是否会影响他们的正规化决策？我们运用计划行为理论、社会认同理论和嵌入的职业资本框架来发展关于新的风险形式化决策如何依赖于企业家的职业历史的假设。我们发现，在家族企业和私营部门的就业与建立正式的新企业正相关。此外，我们的研究结果表明，与新企业在同一行业的职业会增加企业正式成立的可能性。这些发现通过建立嵌入的职业资本强调了职业背景在企业家正规化决策中的作用，