Entrepreneurial Failure: Structuring a Widely Overlooked Field of Research

Czakon Wojciech, Klimas Patrycja, Tiberius Victor, Joao Ferreira, Veiga Pedro M. and Kraus Sascha ()
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Czakon Wojciech: Jagiellonian University in Krakow, Krakow, Małopolska, Poland
Klimas Patrycja: Wroclaw University of Economics and Business, Wroclaw, Lower Silesia, Poland
Tiberius Victor: Universität Potsdam, Potsdam, Brandenburg, Germany
Veiga Pedro M.: Department of Management and Economics, Universidade of Beira Interior, Covilhã, Portugal
Kraus Sascha: Faculty of Economics & Management, Free University of Bozen-Bolzano, Bolzano, Italy

Entrepreneurship Research Journal, 2024, vol. 14, issue 3, 951-984

Abstract: Although entrepreneurial failure (EF) is a fairly recent topic in entrepreneurship literature, the number of publications has been growing dynamically and particularly rapidly. Our systematic review maps and integrates the research on EF based on a multi-method approach to give structure and consistency to this fragmented field of research. The results reveal that the field revolves around six thematic clusters of EF: 1) Soft underpinnings of EF, 2) Contextuality of EF, 3) Perception of EF, 4) Two-sided effects of EF, 5) Multi-stage EF effects, and 6) Institutional drivers of EF. An integrative framework of the positive and negative effects of entrepreneurial failure is proposed, and a research agenda is suggested.

Keywords: entrepreneurial failure; entrepreneurship; failure outcomes; systematic review (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1515/erj-2021-0328

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