The development and reconceptualization of entrepreneurial resilience

Satoshi Kawakatsu and Tomoki Sekiguchi

Discussion papers from Graduate School of Economics , Kyoto University

Abstract: The current entrepreneurial resilience research is a mixed bag—ranging from simply applying the construct of psychological resilience to entrepreneurs to focusing on the entrepreneur-specific aspect of resilience. This highlights three issues. First, the difference between psychological resilience and entrepreneurial resilience is not yet clear. Second, as observed in several previous studies, this ambiguity leads to the fallacy of directly correlating individual psychological resilience to business performance. Third, the extent to which entrepreneurial resilience as a trait affects firm performance remains unclear. These issues blur the essence of why resilience is important for entrepreneurial activity. To advance the literature, this article reconceptualizes entrepreneurial resilience as consisting of four elements: traits, processes, outcomes, and external factors, and argues that entrepreneurial resilience research should include and analyze all these elements. We also propose a methodology based on the reconceptualization, which paves the way for finding the significance of entrepreneurial resilience research.

Keywords: resilience; entrepreneurial resilience; four factors of resilience; multi-level approach (search for similar items in EconPapers)
Pages: 31
Date: 2022-07
New Economics Papers: this item is included in nep-ent and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:kue:epaper:e-22-002

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