Details
| Original language | English |
|---|---|
| Pages (from-to) | 567-588 |
| Number of pages | 22 |
| Journal | Journal of economic geography |
| Volume | 19 |
| Issue number | 3 |
| Early online date | 14 May 2018 |
| Publication status | Published - May 2019 |
Abstract
Entrepreneurial role models influence decisions to start firms. This effect is even stronger if peers and observers live in the same region. However, most studies remain silent about the role of entrepreneurial failure for the direction of role modeling. Failed role models can trigger a deterrence of entrepreneurship in others of the same region. We hypothesize that observing successful entrepreneurs reduces fear of failure, while observing business failure increases fear of failure. By using data on regional entries and exits, we find considerable support for our hypothesis and contribute to literature on regional entrepreneurship.
Keywords
- D01, Entrepreneurial failure, entrepreneurship, Global Entrepreneurship Monitor, L26, M13, peer effect, role models
ASJC Scopus subject areas
- Social Sciences(all)
- Geography, Planning and Development
- Economics, Econometrics and Finance(all)
- Economics and Econometrics
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In: Journal of economic geography, Vol. 19, No. 3, 05.2019, p. 567-588.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - Failing role models and the formation of fear of entrepreneurial failure: a study of regional peer effects in German regions
AU - Wyrwich, Michael
AU - Sternberg, Rolf
AU - Stuetzer, Michael
PY - 2019/5
Y1 - 2019/5
N2 - Entrepreneurial role models influence decisions to start firms. This effect is even stronger if peers and observers live in the same region. However, most studies remain silent about the role of entrepreneurial failure for the direction of role modeling. Failed role models can trigger a deterrence of entrepreneurship in others of the same region. We hypothesize that observing successful entrepreneurs reduces fear of failure, while observing business failure increases fear of failure. By using data on regional entries and exits, we find considerable support for our hypothesis and contribute to literature on regional entrepreneurship.
AB - Entrepreneurial role models influence decisions to start firms. This effect is even stronger if peers and observers live in the same region. However, most studies remain silent about the role of entrepreneurial failure for the direction of role modeling. Failed role models can trigger a deterrence of entrepreneurship in others of the same region. We hypothesize that observing successful entrepreneurs reduces fear of failure, while observing business failure increases fear of failure. By using data on regional entries and exits, we find considerable support for our hypothesis and contribute to literature on regional entrepreneurship.
KW - D01
KW - Entrepreneurial failure
KW - entrepreneurship
KW - Global Entrepreneurship Monitor
KW - L26
KW - M13
KW - peer effect
KW - role models
UR - http://www.scopus.com/inward/record.url?scp=85072513577&partnerID=8YFLogxK
U2 - 10.1093/jeg/lby023
DO - 10.1093/jeg/lby023
M3 - Article
AN - SCOPUS:85072513577
VL - 19
SP - 567
EP - 588
JO - Journal of economic geography
JF - Journal of economic geography
SN - 1468-2702
IS - 3
ER -