Entrepreneurship and failure
Two sides of the same coin
Bibliographic Data
| ID | 14867375 |
|---|---|
| Authors | Johan Eklund (0000-0001-7233-3136, Swedish Entrepreneurship Forum, corresponding author), Nadine Levratto (0000-0002-4928-8549, Centre National de la Recherche Scientifique), Giovanni Battista Ramello (0000-0002-6510-1748, Università degli Studi del Piemonte Orientale “Amedeo Avogadro”, corresponding author) |
| Year | 2020 |
| Volume | 54 |
| Issue | 2 |
| Pages | 373-382 |
| Publication date | 2020-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Small Business Economics (JOURNAL) |
| Journal identifiers | ISSN: 0921-898X • E-ISSN: 1573-0913 |
| Publisher | Springer Science and Business Media LLC (PUBLISHER) |
| DOI | 10.1007/s11187-018-0039-z |
| OpenAlex | W2796989698 |
| Language | EN |
| Citations received | 6 |
| References cited | 33 |
This paper attempts to shed light on the nexus of relationships existing between failure, bankruptcy, institutional context, and local characteristics on one hand and entrepreneurship, firm survival, and performance on the other. The aim is to provide a larger vantage point from which to read the research included in this issue with the overall ambition to contribute to a better understanding of our entrepreneurial societies and the role of failure within markets. In this respect, the focus here is mainly on the institutions governing the bankruptcy procedures which do much more than simply regulating the exit of insolvent firms and protecting creditors’ investments, minimizing the social cost of failures. They set up the revolving doors through which creditors can reinvest the recovered capital in new entrepreneurial projects and failed entrepreneurs can bring back to the market their skills and their entrepreneurial spirit for fostering new and hopefully successful ventures. Therefore, by managing bankruptcy, the institutions are not only protecting the economy. Instead, they have become a tool of economic policy, devoted to the delicate issue of regulating a physiological event to the market while avoiding too much waste of resources. In a more positive perspective, managing insolvency and failure is also a mean to strengthen competitiveness and growth, making it possible to stimulate the market in reshuffling skills and resources into new activities. A deeper understanding can in turn contribute to the implementation of better and more efficient policies by integrating bankruptcy as a natural component of firm and market life
Bankruptcy · Business · Context (archaeology · Creditor · Debt · Economics · Entrepreneurship · Industrial organization · Insolvency · Market economy · Market failure · Nexus (standard · Corporate Finance and Governance · Corporate Insolvency and Governance · Private Equity and Venture Capital · Finance
Rereading entrepreneurial failure from the scientific literature
Driving the circular economy through public environmental and energy R&D
Diagnosis of the Domino Effect in Bankruptcy Situations Through Positioning Maps and Their Evolution 10 Years Later
Macroeconomic and institutional drivers of early failure among self-employed entrepreneurs
Business failure and institutions in entrepreneurship
Zombie Startups
Entrepreneurial Society
Legal Regime and Contractual Flexibility
Legal vs. economic explanations of the rise in bankruptcies in 19th century France
Putting the Corporation in its Place
Prospect theory and the effects of bankruptcy laws on entrepreneurial aspirations
Economic failure and the role of plant age and size
Stigma and business failure
The Functioning of Bankruptcy Law and Practices in European Perspective (ca.1880–1913)
Échecs économiques et dérive du pragmatisme juridique
Law and Finance
| Unique citing works | 6 |
|---|---|
| Citations per year | 1 |
| Citation span | 2020 - 2024 (5) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 6 |