Does entrepreneurship ecosystem influence business re-entries after failure?

Maribel Guerrero, Jorge Espinoza-Benavides

Research output: Contribution to journalArticlepeer-review

10 Scopus citations

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 languageEnglish (US)
Pages (from-to)211-227
Number of pages17
JournalInternational Entrepreneurship and Management Journal
Volume17
Issue number1
DOIs
StatePublished - 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

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