Rising from the Ashes: Cognitive Determinants of Venture Growth after Entrepreneurial Failure

Yasuhiro Yamakawa; Mike W. Peng; David L. Deeds

doi:10.1111/etap.12047

journal article Mar 01, 2015

Rising from the Ashes: Cognitive Determinants of Venture Growth after Entrepreneurial Failure

Yasuhiro Yamakawa Mike W. Peng David L. Deeds

Entrepreneurship Theory and Practice Vol. 39 No. 2 pp. 209-236 · SAGE Publications

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Abstract

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.

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159

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References

Details

Published: Mar 01, 2015
Vol/Issue: 39(2)
Pages: 209-236
License: View

Authors

Y

Yasuhiro Yamakawa

Entrepreneurship at the Babson College, Arthur Blank Center for Entrepreneurship, Babson Park, MA, USA.

M

Mike W. Peng

Global Strategy at the University of Texas at Dallas, School of Management, Richardson, TX, USA.

D

David L. Deeds

Schulze Chair of Entrepreneurship at the University of St. Thomas, Opus College of Business, Minneapolis, MN, USA.

Cite This Article

Yasuhiro Yamakawa, Mike W. Peng, David L. Deeds (2015). Rising from the Ashes: Cognitive Determinants of Venture Growth after Entrepreneurial Failure. Entrepreneurship Theory and Practice, 39(2), 209-236. https://doi.org/10.1111/etap.12047

Rising from the Ashes: Cognitive Determinants of Venture Growth after Entrepreneurial Failure

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