IDEAS home Printed from https://ideas.repec.org/a/wsi/jdexxx/v29y2024i04ns1084946724500225.html
   My bibliography  Save this article

Emotional Transformation Of Failure: Passion, Resilience And Entrepreneurial Self-Efficacy

Author

Listed:
  • MD SAJJAD HOSSAIN

    (Toronto Metropolitan University, Toronto, Ontario, Canada)

  • DAVE VALLIERE

    (Toronto Metropolitan University, Toronto, Ontario, Canada)

Abstract

New entrepreneurs often face failures that can erode confidence and self-efficacy, thereby obstructing progress. This study considers the effects of failure on entrepreneurial self-efficacy and proposes a model based on entrepreneurial learning of how passion and resilience may mitigate these effects. Using data from 423 entrepreneurs (both successful and unsuccessful) in North America, it tests a model via structural equation modeling, in which entrepreneurial self-efficacy is directly affected by failure, and indirectly affected by passion and resilience. The results indicate the negative direct effects of failure on entrepreneurial self-efficacy may be offset by strongly positive effects of entrepreneurial passion and by resilience. This appears to be the first empirical study to test directly the moderating effects of entrepreneurial passion and resilience on the relationship between failure and entrepreneurial self-efficacy. In the presence of sufficient passion and resilience, failure may be viewed as a positive influence on self-efficacy. The results suggest that entrepreneurial failure may act as a precursor to entrepreneurial passion. They also suggest that the practical, negative effects of setbacks can be mitigated, or even reversed, by focusing on developing entrepreneurial passion and resilience in new entrepreneurs.

Suggested Citation

  • Md Sajjad Hossain & Dave Valliere, 2024. "Emotional Transformation Of Failure: Passion, Resilience And Entrepreneurial Self-Efficacy," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 29(04), pages 1-24, December.
    • Handle: RePEc:wsi:jdexxx:v:29:y:2024:i:04:n:s1084946724500225
    DOI: 10.1142/S1084946724500225
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S1084946724500225
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S1084946724500225?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:jdexxx:v:29:y:2024:i:04:n:s1084946724500225. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/jde/jde.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.