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Does entrepreneurship ecosystem influence business re-entries after failure?

Author

Listed:
  • Maribel Guerrero

    (Universidad del Desarrollo
    Northumbria University)

  • Jorge Espinoza-Benavides

    (Universidad Católica de la Santísima Concepción)

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.

Suggested Citation

  • Maribel Guerrero & Jorge Espinoza-Benavides, 2021. "Does entrepreneurship ecosystem influence business re-entries after failure?," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 211-227, March.
    • Handle: RePEc:spr:intemj:v:17:y:2021:i:1:d:10.1007_s11365-020-00694-7
    DOI: 10.1007/s11365-020-00694-7
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