Abstract

Research relating to why some new business fail while other succeed has for decades interested entrepreneurship scholars. Due to that different types of business failure vary substantially in degree of seriousness for the founders and their surroundings, there is an increased awareness of that there is a need to consider different modes of business failure. This research aims to contribute to increased knowledge about different new business failure modes by addressing two research questions: 1) Which of the entrepreneurs’ human capital attributes are associated with different modes of new venture failure? And 2) Which aspects of new firms’ domain definition strategy are associated with different modes of new venture failure? Three failure modes will be explored: 1) Firm closure vs. survival, 2) Firm closure including dormant firms vs. survival including mergers and 3) Firm bankruptcy/forced liquidation vs. all other outcomes.

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