Does entrepreneurship ecosystem influence business re-entries after failure?

Maribel Guerrero () and Jorge Espinoza-Benavides ()
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Maribel Guerrero: Universidad del Desarrollo
Jorge Espinoza-Benavides: Universidad Católica de la Santísima Concepción

International Entrepreneurship and Management Journal, 2021, vol. 17, issue 1, No 11, 227 pages

Abstract: Abstract 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.

Keywords: Human capital; Social capital; Institutional theory; Entrepreneurial ecosystems; Re-entrepreneurship; Business failure (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (7)

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DOI: 10.1007/s11365-020-00694-7

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