Learning from failure : do narcissists learn?
Sewaid, Ahmed Khalid Abdulrahman (MBS College of Business and Entrepreneurship)
Silaghi, Florina (Universitat Autònoma de Barcelona.)
Garcia-Cestona, Miguel (Universitat Autònoma de Barcelona.)

Imprint:	Springer-Verlag, 2024
Abstract:	We investigate the narcissists' response to failure and whether narcissists efectively learn from this negative experience. To address this, we leverage data from a leading crowdfunding platform, and analyze 116,981 failed crowdfunding attempts. Our analysis shows a positive relationship between narcissism and the probability of relaunching which is negatively moderated by the degree of failure. Indeed, due to their fragility, narcissistic entrepreneurs are more likely to engage in ego-defensive behavior, and thus, they are less likely to relaunch following high degrees of failure. Moreover, narcissistic entrepreneurs exhibit poorer performance in their subsequent endeavors. This underperformance is driven by external attribution of failure and lower levels of proactivity. In fact, following failure, narcissistic entrepreneurs are less likely to change internal factors that might contribute to their previous failure and they are more likely to respond to failure by reattempting in a diferent context. Managerial and policy implications are discussed.
Grants:	Agencia Estatal de Investigación PID2020-114460GB-C31 Agencia Estatal de Investigación PID2020-115018RB-C32
Note:	Altres ajuts: acords transformatius de la UAB
Rights:	Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, la comunicació pública de l'obra i la creació d'obres derivades, fins i tot amb finalitats comercials, sempre i quan es reconegui l'autoria de l'obra original.
Language:	Anglès
Document:	Article ; recerca ; Versió publicada
Subject:	Learning from failure ; Narcissism ; Performance ; Crowdfunding
Published in:	Small business economics, ISSN 1573-0913

DOI: 10.1007/s11187-024-00891-6

22 p, 686.6 KB

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