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.
Original language | English (US) |
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Pages (from-to) | 211-227 |
Number of pages | 17 |
Journal | International Entrepreneurship and Management Journal |
Volume | 17 |
Issue number | 1 |
DOIs | |
State | Published - Mar 2021 |
Keywords
- Business failure
- Entrepreneurial ecosystems
- Human capital
- Institutional theory
- Re-entrepreneurship
- Social capital
ASJC Scopus subject areas
- Management Information Systems
- Management of Technology and Innovation