Guerrero, Maribel and Walsh, Grace (2023) How do entrepreneurs build a resilient and persistent identity? Re-examining the financial crisis impact. International Entrepreneurship and Management Journal. ISSN 1554-7191

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Abstract

This study examines re-entry entrepreneurs’ response to exogenous shakeouts (economic crises). Concretely, we analyse how prior business failure experience contributes to the creation of an entrepreneurial resilience identity, through entrepreneurial persistence, during/after the Global Financial Crisis (GFC). Using data from 24 European countries from 2007 to 2014, our analysis shows that, while experiencing business failure can be challenging both personally and professionally, it also provides a tailored form of learning applicable in these challenging times. If entrepreneurs are confident and persistent, they may take advantage of failure experience, thus leading to entrepreneurial resilience, especially if they are re-entering via high-tech sectors. Our results contribute to the entrepreneurship literature by exposing the factors that increase entrepreneurial resilience and support entrepreneurial persistence. These insights may lead to the development of a resilient economy capable of overcoming the pandemic’s recessionary impact. Several implications for policymakers and entrepreneurs emerged from this study.

Item Type:	Article
Keywords:	Business Failure; Entrepreneurial Re-entry; Entrepreneurial Confidence; Entrepreneurial Persistence; Entrepreneurial Resilience; Economic crisis; high-tech sectors;
Academic Unit:	Faculty of Social Sciences > School of Business
Item ID:	18089
Identification Number:	https://doi.org/10.1007/s11365-023-00902-0
Depositing User:	Grace Walsh
Date Deposited:	29 Jan 2024 11:55
Journal or Publication Title:	International Entrepreneurship and Management Journal
Publisher:	Springer
Refereed:	Yes
URI:	Publisher
Use Licence:	This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here

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