Entrepreneurs' Attitudes Towards Failure - An Experiential Learning Approach

Babson College Entrepreneurship Research Conference (BCERC) 2007

Frontiers of Entrepreneurship Research 2007

12 Pages Posted: 6 Dec 2007

See all articles by Diamanto Politis

Diamanto Politis

Lund University

Jonas Gabrielsson

Lund University - School of Economics and Management

Abstract

In this paper we employ theories of experiential learning to examine why some entrepreneurs have developed a more positive attitude towards failures compared to others. The empirical findings support our guiding proposition that more favourable attitudes towards failing can be learned through entrepreneurs' life and work. Our results suggest that previous start up experience is strongly associated with a more positive attitude towards failure. Moreover, we also find that experience from closing down a business is associated with a more positive attitude towards failure. In sum, our findings add to our knowledge of why some entrepreneurs have a more positive attitude towards failures compared to others. It also provides some general implications for our understanding of entrepreneurial learning as an experiential process.

Keywords: Entrepreneurship

JEL Classification: M13

Suggested Citation

Politis, Diamanto and Gabrielsson, Jonas, Entrepreneurs' Attitudes Towards Failure - An Experiential Learning Approach. Babson College Entrepreneurship Research Conference (BCERC) 2007; Frontiers of Entrepreneurship Research 2007. Available at SSRN: https://ssrn.com/abstract=1064982

Diamanto Politis (Contact Author)

Lund University ( email )

Tycho Brahes väg 1,
S-220 07 Lund, 223 63
Sweden

Jonas Gabrielsson

Lund University - School of Economics and Management ( email )

Tycho Brahes väg 1,
S-220 07 Lund, 223 63
Sweden

HOME PAGE: http://www.circle.lu.se/html/person.aspx?ID=81

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