000126743 001__ 126743 000126743 005__ 20240731103320.0 000126743 0247_ $$2doi$$a10.1108/IJEBR-05-2022-0433 000126743 0248_ $$2sideral$$a132731 000126743 037__ $$aART-2023-132731 000126743 041__ $$aeng 000126743 100__ $$0(orcid)0000-0002-9002-6727$$aFuentelsaz, Lucio$$uUniversidad de Zaragoza 000126743 245__ $$aEntrepreneurial growth aspirations at re-entry after failure 000126743 260__ $$c2023 000126743 5060_ $$aAccess copy available to the general public$$fUnrestricted 000126743 5203_ $$aPurpose: Utilising the Theory of Planned Behaviour as the conceptual framework, the authors argue that entrepreneurial financial failure enhances entrepreneurial growth aspirations for the subsequent start-up projects. Furthermore, this effect is particularly strong for individuals rich in human capital, both general and specific; for them, financial failure of an entrepreneurial business is likely to be subsequently transformed into higher entrepreneurial growth aspirations. Design/methodology/approach: The authors employ multilevel estimation techniques applied to Global Entrepreneurship Monitor data consisting of annual subsamples, each with at least 2,000 observations drawn from the working age population of 95 countries, for the period 2007–2019. Findings: The results confirm that the experience of financial failure, both individual and societal, leads to higher growth aspirations for subsequent ventures, while exit for opportunity reasons has an even stronger positive effect on growth aspirations. Furthermore, higher education and entrepreneurial experience enhance the positive impact of financial failure on the growth aspirations of subsequent start-ups. Originality/value: The authors demonstrate that the Theory of Planned Behaviour, which centres on intentions, can be successfully utilised to understand why entrepreneurial failure may be transformed into high growth aspirations for subsequent projects and why this effect may be enhanced by the human capital of the entrepreneur. Furthermore, the authors apply multilevel methods to a large international dataset from Global Entrepreneurship Monitor and produce novel empirical evidence supporting their theoretical predictions. 000126743 536__ $$9info:eu-repo/grantAgreement/ES/DGA/S64-20R$$9info:eu-repo/grantAgreement/ES/MINECO-FEDER/ECO2017-85451-R$$9info:eu-repo/grantAgreement/ES/UZ/Cátedra Emprender 000126743 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc$$uhttp://creativecommons.org/licenses/by-nc/3.0/es/ 000126743 590__ $$a4.5$$b2023 000126743 592__ $$a1.353$$b2023 000126743 591__ $$aMANAGEMENT$$b99 / 401 = 0.247$$c2023$$dQ1$$eT1 000126743 593__ $$aBusiness, Management and Accounting (miscellaneous)$$c2023$$dQ1 000126743 591__ $$aBUSINESS$$b75 / 302 = 0.248$$c2023$$dQ1$$eT1 000126743 593__ $$aBusiness and International Management$$c2023$$dQ1 000126743 594__ $$a10.2$$b2023 000126743 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion 000126743 700__ $$0(orcid)0000-0001-5801-9386$$aGonzález, Consuelo$$uUniversidad de Zaragoza 000126743 700__ $$aMickiewicz, Tomasz 000126743 7102_ $$14012$$2650$$aUniversidad de Zaragoza$$bDpto. Direcc.Organiza.Empresas$$cÁrea Organización de Empresas 000126743 773__ $$g29, 2 (2023), 297-327$$pInt. j. entrep. behav. res.$$tInternational Journal of Entrepreneurial Behaviour & Research$$x1355-2554 000126743 8564_ $$s453700$$uhttps://zaguan.unizar.es/record/126743/files/texto_completo.pdf$$yPostprint 000126743 8564_ $$s1762067$$uhttps://zaguan.unizar.es/record/126743/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint 000126743 909CO $$ooai:zaguan.unizar.es:126743$$particulos$$pdriver 000126743 951__ $$a2024-07-31-09:42:44 000126743 980__ $$aARTICLE