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Do entrepreneurs always benefit from business failure experience?

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journal contribution
posted on 10.08.2020, 10:38 by Nathaniel Boso, Ifedapo Adeleye, Francis DonbesuurFrancis Donbesuur, Michael Gyensare
Business failure and its effect on entrepreneurial engagement has attracted substantial scholarly attention in entrepreneurship research. We contend that knowledge is lacking on the entrepreneurial learning mechanism and entrepreneurial alertness condition under which business failure experience influences new venture performance. In an empirical examination of 240 entrepreneurs operating in multiple industries in a sub-Saharan African country, we use a longitudinal data set to show that business failure experience does not always influence new venture performance. Rather, business failure experience influences new venture performance when it is channelled through entrepreneurial learning under conditions of increasing levels of entrepreneurial learning and a greater degree of alertness to new business opportunities. We discuss these findings and provide avenues for extending this emerging area of scholarly research.

History

School

  • Business and Economics

Department

  • Business

Published in

Journal of Business Research

Volume

98

Pages

370 - 379

Publisher

Elsevier BV

Version

AM (Accepted Manuscript)

Rights holder

© Elsevier

Publisher statement

This paper was accepted for publication in the journal Journal of Business Research and the definitive published version is available at https://doi.org/10.1016/j.jbusres.2018.01.063

Acceptance date

27/01/2018

Publication date

2018-02-15

Copyright date

2019

ISSN

0148-2963

Language

en

Depositor

Dr FRANCIS DONBESUUR . Deposit date: 6 August 2020