Re-entrepreneurial experience and learning during challenging times

Jorge Espinoza-Benavides () and Maribel Guerrero ()
Additional contact information
Jorge Espinoza-Benavides: Universidad Católica de La Santísima Concepción
Maribel Guerrero: Arizona State University

Small Business Economics, 2025, vol. 64, issue 1, No 4, 59-92

Abstract: Abstract This study theorizes how entrepreneurs in an emerging economy deal with adverse external scenarios by taking advantage of their previous business failure experiences. Using grounded theory and multiple case study approach, we found that individuals with re-entrepreneurial experiences exhibit greater resilience and prioritize re-building social capital as part of their crisis management tactics. This finding contrasts with those who are new entrepreneurs who do not have failure experience. Our study provides a conceptual framework to understand what re-entrepreneurs have learned from previous failure/crisis experiences to build resilience and strategically manage internal crises that were caused by exogenous events (e.g., social movements and the COVID-19 pandemic). Policymakers, entrepreneurs, and educators can benefit from the re-entrepreneurs’ learning lessons and strategic implications of this study.

Keywords: Business failure; Re-entrepreneurship; Entrepreneurial resilience; Crisis management; Entrepreneurial learning; COVID-19 pandemic (search for similar items in EconPapers)
JEL-codes: D21 D62 D80 D83 D91 L26 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s11187-024-00892-5 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:sbusec:v:64:y:2025:i:1:d:10.1007_s11187-024-00892-5

Ordering information: This journal article can be ordered from
http://www.springer. ... 29/journal/11187/PS2

DOI: 10.1007/s11187-024-00892-5

Access Statistics for this article

Small Business Economics is currently edited by Zoltan J. Acs and David B. Audretsch

More articles in Small Business Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().