Does Psychological Capital Help to Learn and Bounce Back from Entrepreneurial Failure?

Louvain Working Paper 2014/14

20 Pages Posted: 31 Jan 2015

See all articles by Roxane De Hoe

Roxane De Hoe

Université Catholique de Louvain

Frank Janssen

Université Catholique de Louvain

Date Written: November 2014

Abstract

Although entrepreneurial failure is perceived negatively by society, many researchers believe in its opportunity to learn from it. However, it is sometimes difficult to learn from a failure given the financial, psychological and social costs associated. Through our conceptual model, we take a more positive approach of entrepreneurial failure. We suggest that a high level of psychological capital plays a moderating role in the relationship between the negative consequences of failure and the positive side of learning from failure. This learning and high psychological capital would help failed entrepreneurs to pursue their entrepreneurial career.

Keywords: business failure, learning from failure and psychological capital

Suggested Citation

De Hoe, Roxane and Janssen, Frank, Does Psychological Capital Help to Learn and Bounce Back from Entrepreneurial Failure? (November 2014). Louvain Working Paper 2014/14, Available at SSRN: https://ssrn.com/abstract=2557537 or http://dx.doi.org/10.2139/ssrn.2557537

Roxane De Hoe

Université Catholique de Louvain ( email )

Place Montesquieu, 3
Louvain-la-Neuve, 1348
Belgium

Frank Janssen (Contact Author)

Université Catholique de Louvain ( email )

Place des doyens, 1
Louvain-la-Neuve, Brabant wallon 1348
Belgium
010/478428 (Phone)

HOME PAGE: http://www.uclouvain.be/frank.janssen

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