Purpose

This study aims to evaluate the role of entrepreneurial ecosystems conditions (formal, informal and social capital) on different types of entrepreneurial re-entry at a global scale.

Design/methodology/approach

Given this phenomenon’s nature, this study builds a panel of data of 54 economies covering different (advanced and emerging) countries across the globe during the period 2004–2017 by mixing multiples sources of information (e.g. Global Entrepreneurship Monitor, the World Economic Forum, the World Bank and the International Monetary Fund). The statistical analysis consisted of the fixed-effect dynamic generalized method of moments (GMM) estimation for panel data.

Findings

Three empirical insights emerge from the study. First, the entrepreneurial ecosystem’s formal conditions are mainly configured to support high-growth entrepreneurship ignoring re-entrepreneurs. Consequently, the formal conditions’ contribution is very limited in emerging economies. Second, the analysis of informal conditions revealed social media’s critical contribution for legitimizing entrepreneurship and supporting those entrepreneurs who want to re-enter the domestic or international market after a business failure. Third, social networks built during previous business angels or entrepreneurial experiences or with other entrepreneurs also play a crucial role for re-entrepreneurs to overcome the weaknesses in the entrepreneurial ecosystems’ conditions.

Originality/value

The study contributes to two ongoing academic debates among entrepreneurship scholars. The first is related to how the entrepreneurial ecosystem supports entrepreneurial activity in different economic contexts. The second is related to the study of the contextual determinants of entrepreneurial re-entry after a business failure.

中文翻译：

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剖析企业失败后重新进入生态系统的决定因素

目的

本研究旨在评估创业生态系统条件（正式、非正式和社会资本）对全球范围内不同类型的创业重新进入的作用。

设计/方法/方法

鉴于这种现象的性质，本研究通过混合多种信息来源（例如全球创业监测、世界经济论坛、世界银行和国际货币基金组织）。统计分析包括面板数据的固定效应动态广义矩估计法 (GMM)。

发现

该研究得出了三个实证见解。首先，创业生态系统的形式条件主要配置为支持高成长性创业，忽略再创业者。因此，形式条件对新兴经济体的贡献非常有限。其次，对非正式条件的分析揭示了社交媒体在使创业合法化和支持那些希望在企业失败后重新进入国内或国际市场的企业家方面做出了重要贡献。第三，在以前的天使投资人或创业经历中或与其他企业家建立的社交网络对于再创业者克服创业生态系统条件的弱点也起着至关重要的作用。

原创性/价值

该研究有助于创业学者之间正在进行的两场学术辩论。第一个与创业生态系统如何支持不同经济背景下的创业活动有关。第二个与对企业失败后重新进入创业的背景决定因素的研究有关。