Is Failure Good

By Anne Marie Knott, Hart E. Posen. 2005

196 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/5308c9f444addbace5c32a158105494099d7c07e

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Citations in the corpus

Life After Business Failure (2013, background): “…failure is good for the economy and society overall due to the release of knowledge and resources from defunct businesses (Hoetker & Agarwal, 2007; Knott & Posen, 2005), which can in turn “create a fund of floating resources [that can be] reassembled . . . into new ventures” (Delacroix & Carroll,…”
DEATH HURTS, BUT IT ISN'T FATAL: THE POSTEXIT DIFFUSION OF KNOWLEDGE CREATED BY INNOVATIVE COMPANIES. (2005, background): “First, 8 to 10 percent of all companies leave an industry in an average year (Agarwal & Gort, 1996), but their exit may nonetheless create economic benefits and impact social welfare (Dunne, Roberts, & Samuelson, 1988; Knott & Posen, 2005 ).”
The Process of Creative Construction: Knowledge Spillovers, Entrepreneurship and Economic Growth (2007, unknown): “Not only is the demise of less effective organizations or those that engaged in unsuccessful experimentation an integral part of a well-functioning market system (Davidsson, 2003), but creative construction or destruction can be fueled by failed ventures as much as it is by successful ones (Knott an”
Entrepreneurial exit and entrepreneurial engagement (2011, background): “In addition, failed firms can generate externalities that substantially reduce industry costs (Knott and Posen 2005), generating benefits for consumers and surviving producers in that industry.”
The Causes of the Failure of New Small and Medium Enterprises in South Africa (2014, background): “Hart and Knott (2005) point out that failure has important ramifications for a number of the stakeholders involved in the start-up process.”
Bankruptcy Laws and Entrepreneur– Friendliness (2010, unknown): “Similar to the saying “No pain, no gain,” an economy unwilling to shoulder the costs of certain entrepreneurial failures is not likely to reap the benefits of a strong entrepreneurial sector and the economic growth it may bring (Hoetker & Agarwal, 2007; Knott & Posen, 2005).”
Accelerator expertise: Understanding the intermediary role of accelerators in the development of the Bangalore entrepreneurial ecosystem (2018, background): “In line with prior research on learning from failure (Cope, 2011; Knott and Posen, 2005), we find that accelerators can speed up failure to a nonetheless positive end: the founders of “failed” ventures can more quickly contribute their expertise in other areas of the entrepreneurial ecosystem.”
Inside opportunity formation: enterprise failure, cognition, and the creation of opportunities (2008, background): “Failure has been portrayed both positively (Knott and Posen, 2005) and negatively (e.g., Dickinson, 1981), and has been linked to concepts such as entrepreneurial grief (Shepherd, 2003), learning (Minniti and Bygrave, 2001; Sitkin, 1992), and risk and reward Copyright © 2008 Strategic Management…”
Different Strokes for Different Folks: Entrepreneurial Narratives of Emotion, Cognition, and Making Sense of Business Failure (2015, background): “However, despite the learning potential of business failure (Chuang & Baum, 2003; Knott & Posen, 2005; McGrath, 1999; Sitkin, 1992), the “distinctive learning processes” following business failure are largely unknown (Cope, 2011, p. 604).”