Yasuhiro Yamakawa is Assistant Professor of Entrepreneurship at the Babson College, Arthur Blank Center for Entrepreneurship, Babson Park, MA, USA.
Rising From the Ashes: Cognitive Determinants of Venture Growth After Entrepreneurial Failure
Article first published online: 28 JUN 2013
© 2013 Baylor University
Entrepreneurship Theory and Practice
How to Cite
Yamakawa, Y., Peng, M. W. and Deeds, D. L. (2013), Rising From the Ashes: Cognitive Determinants of Venture Growth After Entrepreneurial Failure. Entrepreneurship Theory and Practice. doi: 10.1111/etap.12047
We thank the editor and two anonymous reviewers for their constructive and valuable suggestions for improving this manuscript.
- Article first published online: 28 JUN 2013
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.