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The development and reconceptualization of entrepreneurial resilience

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  • Satoshi KAWAKATSU
  • Tomoki SEKIGUCHI

Abstract

The current entrepreneurial resilience research is a mixed bag—ranging from simply applying the construct of psychological resilience to entrepreneurs to focusing on the entrepreneur-specific aspect of resilience. This highlights three issues. First, the difference between psychological resilience and entrepreneurial resilience is not yet clear. Second, as observed in several previous studies, this ambiguity leads to the fallacy of directly correlating individual psychological resilience to business performance. Third, the extent to which entrepreneurial resilience as a trait affects firm performance remains unclear. These issues blur the essence of why resilience is important for entrepreneurial activity. To advance the literature, this article reconceptualizes entrepreneurial resilience as consisting of four elements: traits, processes, outcomes, and external factors, and argues that entrepreneurial resilience research should include and analyze all these elements. We also propose a methodology based on the reconceptualization, which paves the way for finding the significance of entrepreneurial resilience research.

Suggested Citation

  • Satoshi KAWAKATSU & Tomoki SEKIGUCHI, 2022. "The development and reconceptualization of entrepreneurial resilience," Discussion papers e-22-002, Graduate School of Economics , Kyoto University.
    • Handle: RePEc:kue:epaper:e-22-002
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    References listed on IDEAS

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    1. Imen Mzid & Nada Khachlouf & Richard Soparnot, 2019. "How does family capital influence the resilience of family firms?," Journal of International Entrepreneurship, Springer, vol. 17(2), pages 249-277, June.
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    More about this item

    Keywords

    resilience; entrepreneurial resilience; four factors of resilience; multi-level approach;
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