Once bitten, twice shy? The relationship between business failure experience and entrepreneurial collaboration

Joseph Amankwah-Amoah, Samuel Adomako, Damoah Obi Berko

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Abstract

This paper draws on entrepreneurial failure and firm collaboration literature to conduct two studies on serial entrepreneurs in a developing economy. In Study 1, we used qualitative semi-structured interviews to derive insights from 16 entrepreneurs with business failure experience. We observed that business failure experience incentivizes some serial entrepreneurs to collaborate with other entrepreneurs, and this phenomenon is shaped by religious orientation. In Study 2, we conducted a survey of 421 serial entrepreneurs to empirically test the effect of business failure experience and entrepreneurial collaboration. We also examined the moderating roles of religious and family orientations on this relationship. The results from the survey revealed a positive relationship between entrepreneurs’ business failure experience and entrepreneurial collaboration. In addition, our results indicate that the positive impact of business failure experience on entrepreneurial collaboration is stronger among entrepreneurs leading non-family firms than family firms. Among firms led by non-religious oriented entrepreneurs, business failure experience was more positively related to collaboration. Theoretical and practical implications are considered.
Original languageEnglish
Pages (from-to)983-992
Number of pages10
JournalJournal of Business Research
Volume139
Early online date28 Oct 2021
DOIs
Publication statusPublished - Feb 2022

Keywords

  • Africa
  • Business failure experience
  • Entrepreneurial collaboration
  • Ghana
  • Religious orientation

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