The Factors Influencing Re-Entry Into Entrepreneurship After Failure

Abstract

This research aims to estimate the influence of age, entrepreneur household provider status, public financial support, and close business for bankruptcy, on the willingness of the entrepreneur to restart after business failure. The sample include 274 Chilean entrepreneurs who failed in their last entrepreneurial activity and who declare their intention to start again or not. The results suggests that the age and bankruptcy have significant influence, both negative, on the probability of restart-up. This research contributes to identifies the variables that influence the likelihood that an entrepreneur will restart a business after failure. In this vein, the findings may have practical implications on public policy to stimulate the resilience and develop a favorable entrepreneurial ecosystem for serial entrepreneurs.