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This chapter examines the psychological processes involved in entrepreneurial exits, including both successful (harvest) and unsuccessful (failure) outcomes. The authors argue that while existing research has focused on negative emotions and learning from failure, positive emotions also play a role in this process. They propose that studying emotions in the context of harvest can provide new insights into how entrepreneurs respond to failure and build resilience afterward. The authors suggest that future research could take a longitudinal approach, examining changes over time, and adopt a multi-stakeholder perspective to gain a more comprehensive understanding of the emotional experience of failure. Additionally, ethnographic studies could be conducted at specialized bankruptcy and liquidation firms to gain a deeper understanding of the emotions, tensions, and celebrations surrounding failure. The chapter concludes by suggesting that exploring pre-exit experiences may offer insights not only into the timing of the exit but also how entrepreneurs respond to it.
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psychological processes
processes involved
failure
chapter examines
entrepreneurial exits
entrepreneurs respond
emotions
outcomes
including
successful
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