Failing firms and successful entrepreneurs: serial entrepreneurship as a temporal portfolio

By S. Sarasvathy, Anil Menon, Graciela Kuechle. 2013

243 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/8dd2785cb2d9b1c5bbdf5414b4762ee5917a9f42

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Citations in the corpus

Failure or voluntary exit? Reassessing the female underperformance hypothesis (2015, background): “…have shown that entrepreneurs can also make volitional decisions to leave their ﬁ rm, or exit the ﬁ rm from the market altogether, for a multitude of non-pecuniary reasons (DeTienne and Cardon, 2012; Mayer and Goldstein, 1961; McGrath, 2006; Ronstadt, 1986; Sarasvathy et al., 2013; Taylor, 1999).”
Inside the black box of outcome additionality: Effects of early-stage government subsidies on resource accumulation and new venture performance (2015, background): “Although being important, however, the prospects of new ventures are very uncertain with the majority of them failing during their fivefirst years of existence (Sarasvathy et al., 2011; Jenkins et al., 2014).”
More than money: Developing an integrative multi-factorial measure of entrepreneurial success (2016, background): “If the entrepreneur’s subjective evaluation of success includes issues additional to or other than objective economic success indicators (Gimeno et al., 1997; Reijonen and Komppula, 2007), then success cannot be simply equated with firm performance or with financial reward (Sarasvathy et al., 2013).”
The Effects of Business Failure Experience on Successive Entrepreneurial Engagements: An Evolutionary Phase Model (2018, background): “To this end, Sarasvathy, Menon, and Kuechle (2013) argue that an experience with a failing firm is an antecedent to seriality of entrepreneurial activity (i.e., exit from entrepreneurship followed by subsequent reentry), contending that the mechanism follows a contagion process.”
Individual responses to firm failure : Appraisals, grief, and the influence of prior failure experience (2014, background): “It is also a parsimonious measure and is thus suitable in the context of firm failure—a context in which researchers have suggested that entrepreneurs may be reluctant to talk about their failure experiences (Sarasvathy and Menon, 2003; Zacharakis et al., 1999).”
Causal ascriptions and perceived learning from entrepreneurial failure (2015, background): “Relying on entrepreneurs’ perception of causes of failure has been identified as a potential cause for bias in entrepreneurial failure research (Sarasvathy and Menon 2003; Shepherd and Wiklund 2006).”
What is entrepreneurial failure? Implications for future research (2016, background): “Recent research has begun to focus on failure as a crucial yet understudied aspect of the entrepreneurship process (DeTienne, 2010; McGrath, 1999; Sarasvathy et al., 2013), and in particular, the impact that failure can have on an entrepreneur (Ucbasaran et al., 2013).”
A portfolio perspective on entrepreneurship and economic development (2015, unknown): “Failures produce an improved class of entrepreneurs, as the evidence suggests success rates and growth are higher for entrepreneurs on the second or third venture (Sarasvathy et al. 2013).”