Business Failure and Entrepreneurship: Emergence, Evolution and Future Research

Grace S. Walsh, James Cunningham

Research output: Book/ReportBookpeer-review

81 Citations (Scopus)
24 Downloads (Pure)

Abstract

Business failure research has been the focus of renewed interest in the entrepreneurship field. It is complex, being both a sign of economic vibrancy and the source of great individual trauma. An understanding of these complexities is important to academics, practitioners and regulators. This monograph provides a review of the literature to date. It charts the emergence of business failure research in the finance literature through to its recent development within the contemporary entrepreneurship field. The multidisciplinary nature of business failure research is explored through incorporation of studies from accountancy, information systems, social psychology, general management, economics and entrepreneurship. Research on the topic is diverse; the lack of a universally accepted definition of failure coupled with the absence of an underpinning theory has resulted in an expansive range of studies. The aim of this review is to provide a comprehensive and critical review of business failure research, bridge the gap between the various perspectives, and develop a cohesive understanding of the phenomena, upon which future studies can be based.
Original languageEnglish
Publishernow
Number of pages138
Volume12
ISBN (Print)9781680831566
DOIs
Publication statusPublished - 27 Jul 2016

Publication series

NameFoundation and Trends in Entrepreneurship
Publishernow
ISSN (Electronic)1551-3114

Keywords

  • Business Failure
  • Learning
  • Attribution
  • Process Models
  • Recovery
  • Costs of Failure
  • Methodology
  • Grief
  • Fear
  • Sensemaking
  • Passion

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