Does entrepreneurship ecosystem influence business re-entries after failure?
Journal
International Entrepreneurship and Management Journal
ISSN
1554-7191
1555-1938
Date Issued
2020
Author(s)
Jorge Espinoza-Benavides
Type
Resource Types::text::journal::journal article
URL Institutional Repository
Abstract
<jats:title>Abstract</jats:title><jats:p>Previous studies have found a close relationship between exit/failure decisions and entrepreneurial/organisational characteristics. In the same line, entrepreneurship literature has recognised that the context matters in any entrepreneurial process, including “exit,” “failure” or “re-entry.” This manuscript proposes a conceptual framework to identify the elements of the entrepreneurial ecosystem that foster or impede the re-entry into entrepreneurship after a business failure. By reviewing the accumulation of knowledge, we identified the individual, the organisational, and the contextual conditions that influence the trajectory of an individual who decides to re-enter after a business failure. This manuscript provides a better understanding of the critical role of agents involved in the entrepreneurial ecosystem. A provocative discussion and implications emerge for this study in order to reduce individual barriers and unfavourable social norms towards business failure.</jats:p>
Subjects
business failure
;
entrepreneurial ecosystems
;
human capital
;
institutional theory
;
re-entrepreneurship
;
social capital