The Anatomy of Business Failure. A Qualitative Account of its Implications for Future Business Success

Artur Raimundo Dias () and Aurora Teixeira ()
Additional contact information
Artur Raimundo Dias: Faculdade de Economia do Porto

FEP Working Papers from Universidade do Porto, Faculdade de Economia do Porto

Abstract: The aim of the present study is to contribute to the empirical literature on the consequences of Business Failure (BF), resorting to qualitative methods in order to better understand the aftermath of BF. Semi-structured interviews were used in order to collect data, which were later transcribed and analyzed using Interpretative Phenomenological Analysis. Evidence gathered based on the experience of six entrepreneurs (three from the north of Europe and three from the south) showed that previous failure impacted individuals strongly. Such an impact appears to be shaped by the individual’s experience and age, and their perception of blame for the failure. However, for these particular individuals, it does not seem to be affected by the size of the project or the amount of financial loss. An array of moderator costs was identified, ranging from antecedents to institutions that were present in the individual’s lives. The outcomes are directly relatable to the failed experience by the individual. It was also found that the failure had a significant effect on the individual’s career path.

Keywords: business failure, consequences; interpretative phenomenological analysis; learning from failure (search for similar items in EconPapers)
JEL-codes: G33 L26 M21 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2014-11
New Economics Papers: this item is included in nep-ent and nep-hme
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.fep.up.pt/investigacao/workingpapers/wp550.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.fep.up.pt/investigacao/workingpapers/wp550.pdf [302 Found]--> https://fep.up.pt/investigacao/workingpapers/wp550.pdf)

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:por:fepwps:550

Access Statistics for this paper

More papers in FEP Working Papers from Universidade do Porto, Faculdade de Economia do Porto Contact information at EDIRC.
Bibliographic data for series maintained by ().