摘要：Entrepreneurial failure is a phenomenon at least as important as entrepreneurial success. However, both scholars and practitioners have devoted much more attention to the latter. This study focuses on failure by suggesting that to understand it, the institutional context and the quality of entrepreneurship need to be considered. In a sample of 69 countries during the period 2007-2012, we illustrate their entrepreneurial failure rates according to the development of the institutional context and the quality of entrepreneurship. Our descriptive results show that entrepreneurship failure is lower when institutions are well-developed and when the quality of entrepreneurship is higher. More interestingly, the lowest rates of business failure are found when both dimensions –institutions and quality– point to the same direction.
其他摘要：Entrepreneurial failure is a phenomenon at least as important as entrepreneurial success. However, both scholars and practitioners have devoted much more attention to the latter. This study focuses on failure by suggesting that to understand it, the institutional context and the quality of entrepreneurship need to be considered. In a sample of 69 countries during the period 2007-2012, we illustrate their entrepreneurial failure rates according to the development of the institutional context and the quality of entrepreneurship. Our descriptive results show that entrepreneurship failure is lower when institutions are well-developed and when the quality of entrepreneurship is higher. More interestingly, the lowest rates of business failure are found when both dimensions –institutions and quality– point to the same direction.
