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Entrepreneurial failure: A synthesis and conceptual framework of its effects

Klimas, P.; Czakon, W.; Kraus, S.; Kailer, N.; Maalaoui, A.

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Authors

P. Klimas

W. Czakon

S. Kraus

N. Kailer

A. Maalaoui



Abstract

Failure is not the outcome which entrepreneurs strive for when they start their businesses. However, thousands of entrepreneurs fail each year, experiencing painful and damaging consequences in their professional and private lives. Current knowledge on entrepreneurial failure is quite fragmentary. Our study aims at integrating knowledge on the effects of entrepreneurial failure. Departing from a systematic literature review, we develop a multilevel framework of entrepreneurial failure effects which categorises: (1) their manifestations over time; (2) the directness of the link to the failure event; (3) the degree of impact on the failed entrepreneur; and (4) the level of long‐term outcomes generated. Our findings reveal a broad scope of multilevel impacts of entrepreneurial failure.

Citation

Klimas, P., Czakon, W., Kraus, S., Kailer, N., & Maalaoui, A. (2021). Entrepreneurial failure: A synthesis and conceptual framework of its effects. European Management Review, 18(1), 167-182. https://doi.org/10.1111/emre.12426

Journal Article Type Article
Acceptance Date Aug 2, 2020
Online Publication Date Aug 25, 2020
Publication Date 2021
Deposit Date Aug 3, 2020
Publicly Available Date Aug 27, 2020
Journal European Management Review
Print ISSN 1740-4754
Electronic ISSN 1740-4762
Publisher Wiley
Peer Reviewed Peer Reviewed
Volume 18
Issue 1
Pages 167-182
DOI https://doi.org/10.1111/emre.12426
Public URL https://durham-repository.worktribe.com/output/1264736

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Published Journal Article (Advance online version) (1.6 Mb)
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Publisher Licence URL
http://creativecommons.org/licenses/by/4.0/

Copyright Statement
Advance online version © 2020 The Authors. European Management Review published by John Wiley & Sons Ltd on behalf of European Academy of Management (EURAM). This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.




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