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The resilience of the entrepreneur. Influence on the success of the business. A longitudinal analysis

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  • Ayala, Juan-Carlos
  • Manzano, Guadalupe

Abstract

The literature regarding entrepreneurship suggests that the resilience of entrepreneur may help to explain entrepreneurial success. In this article, we test whether a connection exists between resilience dimensions and the success of established entrepreneurs in the Spanish tourism sector, and whether any gender-specific differences exist. Resilience of subjects was measured 5years before the follow-up data was collected. The results show that the three dimensions of resilience (hardiness, resourcefulness and optimism) help to predict entrepreneurial success. The key factor in predicting the success of the entrepreneur is resourcefulness. This could be said about both men and women. However, the ability to predict entrepreneurial success of those who have hardiness and optimism is different for men and women. The influence of optimism on the success of their businesses is greater for women than for men.

Suggested Citation

  • Ayala, Juan-Carlos & Manzano, Guadalupe, 2014. "The resilience of the entrepreneur. Influence on the success of the business. A longitudinal analysis," Journal of Economic Psychology, Elsevier, vol. 42(C), pages 126-135.
    • Handle: RePEc:eee:joepsy:v:42:y:2014:i:c:p:126-135
    DOI: 10.1016/j.joep.2014.02.004
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    References listed on IDEAS

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    More about this item

    Keywords

    Longitudinal; Entrepreneur; Gender; Resilience; Small business; Success;
    All these keywords.

    JEL classification:

    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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