Rising From the Ashes: Cognitive Determinants of Venture Growth After Entrepreneurial Failure

被引:216
作者
Yamakawa, Yasuhiro [1 ]
Peng, Mike W. [2 ]
Deeds, David L. [3 ]
机构
[1] Babson Coll, Entrepreneurship, Arthur Blank Ctr Entrepreneurship, Babson Pk, MA 02157 USA
[2] Univ Texas Dallas, Sch Management, Global Strategy, Richardson, TX 75083 USA
[3] Univ St Thomas, Opus Coll Business, Entrepreneurship, Minneapolis, MN USA
关键词
SELF-EFFICACY; PROJECT FAILURE; BANKRUPTCY LAWS; GRIEF RECOVERY; PERFORMANCE; BUSINESS; MODEL; MOTIVATION; STRATEGY; ATTRIBUTION;
D O I
10.1111/etap.12047
中图分类号
F [经济];
学科分类号
020101 [政治经济学];
摘要
How does previous entrepreneurial failure influence future entrepreneurship? More specifically, under what conditions do entrepreneurs who rebound from failure do better in the next round? Drawing on the cognitive literature in attribution and motivation, we focus on entrepreneurs' reaction to failure and the growth of their subsequent ventures. Leveraging a survey database of new-venture founders with failure experiences, we investigate how their internal attribution of the cause of failure, their intrinsic motivation to start up another business after failure, and the extent of their failure experiences impact the growth of their subsequent ventures.
引用
收藏
页码:209 / 236
页数:28
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