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Overview of Entrepreneurial Failure: From an Attributional Perspective

Received: 11 January 2021    Accepted: 20 January 2021    Published: 25 January 2021
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Abstract

Entrepreneurial failure is a hot topic in entrepreneurship research. Existing literature on entrepreneurial failure mainly focuses on the definition of entrepreneurial failure, the analysis of the causes of entrepreneurial failure, the different attributions of failure caused by different stakeholders due to cognitive biases, and the different reentrepreneurial actions caused by these differences in attributions. Based on the above literature and attribution theory, this paper proposes that future research should explore whether differences in gender, experience background (such as educational experience, etc.) and task type affect the attribution of entrepreneurial failure, as well as the mechanism by which they influence the attribution. The failure of enterprise entrepreneurship affects the healthy and sustainable development of the economy. Based on attribution reasons, the influencing factors of entrepreneurship failure are discussed, which provides useful evidence for government policy formulation. This Attribution theory points out that the diversity of individual attributions in different situations is not only due to the complexity of individual perception and motivation, but also due to the diversity of tasks. By comparing the causes of entrepreneurial failure and the attribution theory in previous entrepreneurial failure literatures, we propose three possible research directions in the future. Studies should make an in-depth study of entrepreneurs' perceptions of failure and the impact of these perceptions on learning.

Published in Journal of Investment and Management (Volume 10, Issue 1)
DOI 10.11648/j.jim.20211001.11
Page(s) 1-7
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Entrepreneurial Failure, The Attribution Theory, Self-serving Bias, Serial Entrepreneurship

References
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  • APA Style

    Jing Li, Jiangyu Huang, Jianhong Li. (2021). Overview of Entrepreneurial Failure: From an Attributional Perspective. Journal of Investment and Management, 10(1), 1-7. https://doi.org/10.11648/j.jim.20211001.11

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    ACS Style

    Jing Li; Jiangyu Huang; Jianhong Li. Overview of Entrepreneurial Failure: From an Attributional Perspective. J. Invest. Manag. 2021, 10(1), 1-7. doi: 10.11648/j.jim.20211001.11

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    AMA Style

    Jing Li, Jiangyu Huang, Jianhong Li. Overview of Entrepreneurial Failure: From an Attributional Perspective. J Invest Manag. 2021;10(1):1-7. doi: 10.11648/j.jim.20211001.11

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  • @article{10.11648/j.jim.20211001.11,
      author = {Jing Li and Jiangyu Huang and Jianhong Li},
      title = {Overview of Entrepreneurial Failure: From an Attributional Perspective},
      journal = {Journal of Investment and Management},
      volume = {10},
      number = {1},
      pages = {1-7},
      doi = {10.11648/j.jim.20211001.11},
      url = {https://doi.org/10.11648/j.jim.20211001.11},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jim.20211001.11},
      abstract = {Entrepreneurial failure is a hot topic in entrepreneurship research. Existing literature on entrepreneurial failure mainly focuses on the definition of entrepreneurial failure, the analysis of the causes of entrepreneurial failure, the different attributions of failure caused by different stakeholders due to cognitive biases, and the different reentrepreneurial actions caused by these differences in attributions. Based on the above literature and attribution theory, this paper proposes that future research should explore whether differences in gender, experience background (such as educational experience, etc.) and task type affect the attribution of entrepreneurial failure, as well as the mechanism by which they influence the attribution. The failure of enterprise entrepreneurship affects the healthy and sustainable development of the economy. Based on attribution reasons, the influencing factors of entrepreneurship failure are discussed, which provides useful evidence for government policy formulation. This Attribution theory points out that the diversity of individual attributions in different situations is not only due to the complexity of individual perception and motivation, but also due to the diversity of tasks. By comparing the causes of entrepreneurial failure and the attribution theory in previous entrepreneurial failure literatures, we propose three possible research directions in the future. Studies should make an in-depth study of entrepreneurs' perceptions of failure and the impact of these perceptions on learning.},
     year = {2021}
    }
    

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    AB  - Entrepreneurial failure is a hot topic in entrepreneurship research. Existing literature on entrepreneurial failure mainly focuses on the definition of entrepreneurial failure, the analysis of the causes of entrepreneurial failure, the different attributions of failure caused by different stakeholders due to cognitive biases, and the different reentrepreneurial actions caused by these differences in attributions. Based on the above literature and attribution theory, this paper proposes that future research should explore whether differences in gender, experience background (such as educational experience, etc.) and task type affect the attribution of entrepreneurial failure, as well as the mechanism by which they influence the attribution. The failure of enterprise entrepreneurship affects the healthy and sustainable development of the economy. Based on attribution reasons, the influencing factors of entrepreneurship failure are discussed, which provides useful evidence for government policy formulation. This Attribution theory points out that the diversity of individual attributions in different situations is not only due to the complexity of individual perception and motivation, but also due to the diversity of tasks. By comparing the causes of entrepreneurial failure and the attribution theory in previous entrepreneurial failure literatures, we propose three possible research directions in the future. Studies should make an in-depth study of entrepreneurs' perceptions of failure and the impact of these perceptions on learning.
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Author Information
  • Faculty of Management and Economics, Kunming University of Science and Technology, Kunming, China

  • College of Big Data Application and Economics, Guizhou University of Finance and Economics, Guiyang, China

  • Faculty of Management and Economics, Kunming University of Science and Technology, Kunming, China

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