Business closures seem to elicit strong feelings particularly because closures are often interpreted as failures, especially in the general discussion. In entrepreneurship closures are often referred to as the dark side of business dynamics. Official statistics in most countries offer a perplexing dilemma as both numbers on new venture creation and closures are rather close to one another. Following Cardon and Porter (2003) we see that the causes of actual business failure are both external and internal to the entrepreneur as issues such as industry, relationship between environment and business and qualities of the entrepreneur (eg. Abdesselam, Bonnet & Le Pape 2004) play into the complex process. The aim of the current study is to look more closely at the nature of firm closures, especially at those closures where the owner-entrepreneurs openly state having no desire to get into business again. What features make them differ from habitual, especially serial or potential serial entrepreneurs?
Niittykangas, Hannu T. and Kauko-Valli, Sofia A.
"FOCUS ON ENTREPRENEURIAL EXITS – WHO SHOULD WE BE CONCERNED ABOUT? (SUMMARY),"
Frontiers of Entrepreneurship Research: Vol. 27
, Article 8.
Available at: https://digitalknowledge.babson.edu/fer/vol27/iss5/8