Details
| Originalsprache | Englisch |
|---|---|
| Seiten (von - bis) | 626-657 |
| Seitenumfang | 32 |
| Fachzeitschrift | Entrepreneurship: Theory and Practice |
| Jahrgang | 45 |
| Ausgabenummer | 3 |
| Publikationsstatus | Veröffentlicht - 24 Dez. 2020 |
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.
ASJC Scopus Sachgebiete
- Betriebswirtschaft, Management und Rechnungswesen (insg.)
- Betriebswirtschaft und Internationales Management
- Volkswirtschaftslehre, Ökonometrie und Finanzen (insg.)
- Volkswirtschaftslehre und Ökonometrie
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in: Entrepreneurship: Theory and Practice, Jahrgang 45, Nr. 3, 24.12.2020, S. 626-657.
Publikation: Beitrag in Fachzeitschrift › Artikel › Forschung › Peer-Review
}
TY - JOUR
T1 - Searching for Success
T2 - Entrepreneurs’ Responses to Crowdfunding Failure
AU - Piening, Erk P.
AU - Thies, Ferdinand
AU - Wessel, Michael
AU - Benlian, Alexander
PY - 2020/12/24
Y1 - 2020/12/24
N2 - 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.
AB - 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.
KW - crowdfunding
KW - entrepreneurs
KW - failure
KW - problemistic search
KW - search distance
UR - http://www.scopus.com/inward/record.url?scp=85098006456&partnerID=8YFLogxK
U2 - 10.1177/1042258720980710
DO - 10.1177/1042258720980710
M3 - Article
AN - SCOPUS:85098006456
VL - 45
SP - 626
EP - 657
JO - Entrepreneurship: Theory and Practice
JF - Entrepreneurship: Theory and Practice
SN - 1042-2587
IS - 3
ER -