Individual responses to firm failure: appraisals, grief, and the influence of prior failure experience

Jenkins, Anna S., Wiklund, Johan and Brundin, Ethel (2014) Individual responses to firm failure: appraisals, grief, and the influence of prior failure experience. Journal of Business Venturing, 29 1: 17-33. doi:10.1016/j.jbusvent.2012.10.006


Author Jenkins, Anna S.
Wiklund, Johan
Brundin, Ethel
Title Individual responses to firm failure: appraisals, grief, and the influence of prior failure experience
Journal name Journal of Business Venturing   Check publisher's open access policy
ISSN 0883-9026
Publication date 2014-01-01
Year available 2012
Sub-type Article (original research)
DOI 10.1016/j.jbusvent.2012.10.006
Volume 29
Issue 1
Start page 17
End page 33
Total pages 17
Place of publication New York, United States
Publisher Elsevier
Language eng
Subject 1403 Econometrics
1405 Management of Technology and Innovation
Abstract This paper provides a systematic assessment of how entrepreneurs react to firm failure. We use appraisal theory as an overarching theoretical framework and hypothesize that the more the failure experience is appraised as stressful in terms of its implications for harm or loss, the greater the feelings of grief. To test this hypothesis we developed a unique database of entrepreneurs who recently filed for firm bankruptcy. Our results support that there is great variation in responses to firm failure, and we provide theoretically valid explanations to why this is the case. These findings have substantial implications for how scholars conceive and theorize about entrepreneurial failure.
Keyword Appraisals
Firm failure
Grief
Prior failure experience
Psychological capital
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Non-UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Non HERDC
UQ Business School Publications
 
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Citation counts: TR Web of Science Citation Count  Cited 27 times in Thomson Reuters Web of Science Article | Citations
Scopus Citation Count Cited 30 times in Scopus Article | Citations
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Created: Mon, 24 Mar 2014, 22:45:45 EST by Karen Morgan on behalf of UQ Business School