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

28 Pages Posted: 5 Mar 2015

See all articles by Yasuhiro Yamakawa

Yasuhiro Yamakawa

Babson College - Arthur M. Blank Center for Entrepreneurship

Mike W. Peng

University of Texas at Dallas - Naveen Jindal School of Management

David L. Deeds

University of St. Thomas - Opus College of Business; Case Western Reserve University - Department of Marketing and Policy Studies

Date Written: March 2015

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‚Äźventure 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.

Suggested Citation

Yamakawa, Yasuhiro and Peng, Mike W. and Deeds, David L., Rising from the Ashes: Cognitive Determinants of Venture Growth after Entrepreneurial Failure (March 2015). Entrepreneurship Theory and Practice, Vol. 39, Issue 2, pp. 209-236, 2015, Available at SSRN: https://ssrn.com/abstract=2574025 or http://dx.doi.org/10.1111/etap.12047

Yasuhiro Yamakawa (Contact Author)

Babson College - Arthur M. Blank Center for Entrepreneurship ( email )

231 Forest Street
Babson Park, MA 02457-0310
United States

Mike W. Peng

University of Texas at Dallas - Naveen Jindal School of Management ( email )

P.O. Box 830688
Richardson, TX 75083-0688
United States

David L. Deeds

University of St. Thomas - Opus College of Business ( email )

1000 LaSalle Avenue
TMH 443
Minneapolis, MN 55403
United States

Case Western Reserve University - Department of Marketing and Policy Studies ( email )

Cleveland, OH 44106
United States

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