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    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/128006


    Title: Comeback of the Failed Entrepreneur: An Integrated View of Costs, Learning, and Residual Resources Associated with Entrepreneurial Failure
    Authors: 鄭至甫
    Jeng, Don Jyh-Fu
    Hung, Ta Huy
    Contributors: 科管智財所
    Keywords: Failed entrepreneur;Entrepreneurial failure costs;Learning from entrepreneurial failure;Entrepreneurial resource;Venture restart intention
    Date: 2019-04
    Issue Date: 2019-12-25 10:27:35 (UTC+8)
    Abstract: Although failure can be financially, socially, and psychologically costly, it can promote future entrepreneurial success. This study investigated how failure can be utilized as a springboard for new ventures by considering the cost recognition, learning ability, and resources of entrepreneurs within a social environment. Failure costs, learning outcomes, and residual resources following business failure and how they influence the intention to undertake subsequent entrepreneurial endeavors were considered. With the motivation–opportunity–ability (MOA) framework as a theoretical foundation, we quantitatively analyzed the sample, which comprised 216 entrepreneurs who had experienced business failure. Perceived residual resources were a major factor affecting an entrepreneur’s decision-making in subsequent ventures, even when the entrepreneur had learned from failure and overcome the associated costs. Additionally, the psychological costs incurred exhibited a nonsignificant effect on learning from failure. Based on the MOA framework, failure costs can be regarded as learning opportunities for an entrepreneur as well as drivers promoting the intention to resume business. Such intentions are mediated by the learning ability of entrepreneurs and moderated by motivation in terms of residual resources. This study provides a holistic view re-examining the mechanisms of frustrated entrepreneurs to identify opportunities and evaluate resources.
    Relation: Journal of Small Business Strategy, 29:1, pp.30-42
    Data Type: article
    Appears in Collections:[科技管理與智慧財產研究所] 期刊論文

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