Searching for Success—Entrepreneurs' Responses to Crowdfunding Failure. (May 2021)
- Record Type:
- Journal Article
- Title:
- Searching for Success—Entrepreneurs' Responses to Crowdfunding Failure. (May 2021)
- Main Title:
- Searching for Success—Entrepreneurs' Responses to Crowdfunding Failure
- Authors:
- Piening, Erk P.
Thies, Ferdinand
Wessel, Michael
Benlian, Alexander - Abstract:
- In this study, we seek to provide new insights into the process of problemistic search by examining entrepreneurs' behavioral responses to failures. Using a comprehensive dataset of over 65, 000 crowdfunding projects, we specifically explore how negative performance feedback influences entrepreneurs' search distance. Our results demonstrate that the severity and persistence of failure have a U-shaped and inverted U-shaped relationship with search distance, respectively. Moreover, greater temporal distance between an entrepreneur's failure experience and a subsequent crowdfunding project is not only associated with increases in search distance, but also attenuates the curvilinear main effects.
- Is Part Of:
- Entrepreneurship theory and practice. Volume 45:Number 3(2021)
- Journal:
- Entrepreneurship theory and practice
- Issue:
- Volume 45:Number 3(2021)
- Issue Display:
- Volume 45, Issue 3 (2021)
- Year:
- 2021
- Volume:
- 45
- Issue:
- 3
- Issue Sort Value:
- 2021-0045-0003-0000
- Page Start:
- 626
- Page End:
- 657
- Publication Date:
- 2021-05
- Subjects:
- failure -- problemistic search -- search distance -- entrepreneurs -- crowdfunding
Small business -- Periodicals
New business enterprises -- Periodicals
Entrepreneurship -- Periodicals
658.421 - Journal URLs:
- http://onlinelibrary.wiley.com/ ↗
- DOI:
- 10.1177/1042258720980710 ↗
- Languages:
- English
- ISSNs:
- 1042-2587
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 3790.548000
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 15446.xml