Donbesuur_JBR Accepted - Final.pdf (207.94 kB)
Download fileDo entrepreneurs always benefit from business failure experience?
journal contribution
posted on 2020-08-10, 10:38 authored by Nathaniel Boso, Ifedapo Adeleye, Francis Donbesuur, Michael GyensareBusiness 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.
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