What is Entrepreneurial Fear of Failure?

Fear of Failure (FoF) is not exclusive to entrepreneurship. The concept is stemmed from behavioral studies in psychology. Although entrepreneurship is similar in a performative context, entrepreneurship measures of success still need to be defined. Uncertainties combined with social stigmas of entre...

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Main Authors: Stievan Kurniadi Halim, Desman Hidayat, Yuli Eni, Erick Fernando
Format: Article
Language:English
Published: Bina Nusantara University 2022-12-01
Series:Binus Business Review
Subjects:
Online Access:https://journal.binus.ac.id/index.php/BBR/article/view/8658
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author Stievan Kurniadi Halim
Desman Hidayat
Yuli Eni
Erick Fernando
author_facet Stievan Kurniadi Halim
Desman Hidayat
Yuli Eni
Erick Fernando
author_sort Stievan Kurniadi Halim
collection DOAJ
description Fear of Failure (FoF) is not exclusive to entrepreneurship. The concept is stemmed from behavioral studies in psychology. Although entrepreneurship is similar in a performative context, entrepreneurship measures of success still need to be defined. Uncertainties combined with social stigmas of entrepreneurial failure have significantly constrained the growth of entrepreneurship. The aim of the research was to map the literature regarding FoF in an entrepreneurial context. The research sought to understand how much the subject was known, how it was measured, and what factors influenced it. The research applied a systematic literature review study by adopting the PRISMA 2020 statement method and finding 41 articles that specifically studied the subject. It identified a growing interest in the subject, novel reconceptualization, and a few socio-cultural factors influencing FoF in the entrepreneurial context. Then, an experimental measurement scale was also developed. The analysis shows that many articles in FoF are exploratory, with the qualitative approach being the most utilized. Then, GEM data are the most used source in these studies. The research also identifies popular theories, sample regions, methods of measurement, and factors influencing FoF. The result concludes that the topic needs to be explored more, implying many potential areas and formative constructs for future research.
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spelling doaj.art-182e6db5b52c4d20b4699549f4a7e2e62023-09-18T09:07:07ZengBina Nusantara UniversityBinus Business Review2087-12282476-90532022-12-01141738410.21512/bbr.v14i1.86587732What is Entrepreneurial Fear of Failure?Stievan Kurniadi Halim0Desman Hidayat1Yuli Eni2Erick Fernando3Bina Nusantara UniversityBina Nusantara UniversityBina Nusantara UniversityInstitute Teknologi dan Bisnis KalbisFear of Failure (FoF) is not exclusive to entrepreneurship. The concept is stemmed from behavioral studies in psychology. Although entrepreneurship is similar in a performative context, entrepreneurship measures of success still need to be defined. Uncertainties combined with social stigmas of entrepreneurial failure have significantly constrained the growth of entrepreneurship. The aim of the research was to map the literature regarding FoF in an entrepreneurial context. The research sought to understand how much the subject was known, how it was measured, and what factors influenced it. The research applied a systematic literature review study by adopting the PRISMA 2020 statement method and finding 41 articles that specifically studied the subject. It identified a growing interest in the subject, novel reconceptualization, and a few socio-cultural factors influencing FoF in the entrepreneurial context. Then, an experimental measurement scale was also developed. The analysis shows that many articles in FoF are exploratory, with the qualitative approach being the most utilized. Then, GEM data are the most used source in these studies. The research also identifies popular theories, sample regions, methods of measurement, and factors influencing FoF. The result concludes that the topic needs to be explored more, implying many potential areas and formative constructs for future research.https://journal.binus.ac.id/index.php/BBR/article/view/8658fear of failureentrepreneurshipliterature reviewentrepreneurship education
spellingShingle Stievan Kurniadi Halim
Desman Hidayat
Yuli Eni
Erick Fernando
What is Entrepreneurial Fear of Failure?
Binus Business Review
fear of failure
entrepreneurship
literature review
entrepreneurship education
title What is Entrepreneurial Fear of Failure?
title_full What is Entrepreneurial Fear of Failure?
title_fullStr What is Entrepreneurial Fear of Failure?
title_full_unstemmed What is Entrepreneurial Fear of Failure?
title_short What is Entrepreneurial Fear of Failure?
title_sort what is entrepreneurial fear of failure
topic fear of failure
entrepreneurship
literature review
entrepreneurship education
url https://journal.binus.ac.id/index.php/BBR/article/view/8658
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