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Applying “attribution theory” to determine the factors that lead to the failure of entrepreneurial ventures in Colombia

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dc.creatorPardo Martínez, Clara Inés
dc.creatorAlfonso Piña, William H.
dc.date.accessioned2020-08-19T14:41:25Z
dc.date.available2020-08-19T14:41:25Z
dc.date.created2017-08-21spa
dc.description.abstractPurpose – The purpose of this paper is to use attribution theory to identify the factors that contribute to the failure of entrepreneurial ventures in Colombia. Design/methodology/approach – The research study upon which this paper is based involved an online survey. A total of 324 Colombian entrepreneurs who had experienced business failure answered this survey. The study included six factors (financial, organizational, marketing, external environment, operational, and human resources) with their respective attributions as well as a personality test and segmentation questions. Two multivariate techniques were used (principal component analysis and a multinomial distribution model) to analyze the results of the survey. Findings – The results showed that the principal attributions of failure for Colombian entrepreneurs were financial and organizational issues, the external environment, and marketing. Specific sub-issues included insufficient income generated to maintain the business, lack of proper financing, problems with the control of the business, as well as legal and economic instability. Practical implications – These results of this research study are important for the creation and development of policies that promote entrepreneurship in Colombia and other developing countries. The findings may also provide entrepreneurs with an analysis of the attributions that are most frequently associated with failure and related lessons, which could individually and cumulatively increase the probability of success for entrepreneurs who are starting new business ventures. Originality/value – This study makes an important contribution to the extant entrepreneurship literature by identifying and categorizing factors associated with business failure in Colombia. In developing countries, it is especially important to analyze failure attributions to determine relevant official policy instruments that could promote successful business ventures.eng
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.1108/JSBED-10-2016-0167
dc.identifier.issnISSN: 1462-6004
dc.identifier.issnEISSN: 1758-7840
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/27228
dc.language.isoengspa
dc.publisherEmerald Publishingspa
dc.relation.citationEndPage584
dc.relation.citationIssueNo. 3
dc.relation.citationStartPage562
dc.relation.citationTitleJournal of Small Business and Enterprise Development
dc.relation.citationVolumeVol. 24
dc.relation.ispartofJournal of Small Business and Enterprise Development, ISSN: 1462-6004;EISSN: 1758-7840, Vol.24, No.3 (2017); pp. 562-584spa
dc.relation.urihttps://www.emerald.com/insight/content/doi/10.1108/JSBED-10-2016-0167/full/htmlspa
dc.rights.accesRightsinfo:eu-repo/semantics/restrictedAccess
dc.rights.accesoRestringido (Acceso a grupos específicos)spa
dc.sourceJournal of Small Business and Enterprise Developmentspa
dc.source.instnameinstname:Universidad del Rosario
dc.source.reponamereponame:Repositorio Institucional EdocUR
dc.subject.keywordEntrepreneursspa
dc.subject.keywordEntrepreneurshipspa
dc.subject.keywordColombiaspa
dc.subject.keywordAttribution theoryspa
dc.subject.keywordBusiness failurespa
dc.titleApplying “attribution theory” to determine the factors that lead to the failure of entrepreneurial ventures in Colombiaspa
dc.title.TranslatedTitleAplicar la “teoría de la atribución” para determinar los factores que conducen al fracaso de los emprendimientos empresariales en Colombiaspa
dc.typearticleeng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaArtículospa
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