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Much ado about nothing? The surprising persistence of nascent entrepreneurs through macroeconomic crisis
Jönköping University, Jönköping International Business School, JIBS, Business Administration. Australian Centre for Entrepreneurship Research, Queensland University of Technology.ORCID iD: 0000-0002-6363-1382
Entrepreneurship, Commercialisation, and Innovation Centre, The University of Adelaide.
2016 (English)In: Entrepreneurship: Theory & Practice, ISSN 1042-2587, E-ISSN 1540-6520, Vol. 40, no 4, 915-941 p.Article in journal (Refereed) Published
Abstract [en]

We hypothesize that a major macroeconomic crisis triggers four alternative responses among nascent entrepreneurs: disengagement, delay, compensation, and adaptation. We also suggest that commitment and ambition (or “high potential”) moderate these responses. Our most important finding is the relative absence of behavioral crisis responses. However, crises may make high-tech founders become more likely to disengage, whereas the opposite holds for founders far into the process. Our study sheds light on the mechanisms behind aggregate effects of crises on the number and type of start-ups in an economy, and can guide future research on the effect of crises on nascent entrepreneurship.

Place, publisher, year, edition, pages
2016. Vol. 40, no 4, 915-941 p.
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-28754DOI: 10.1111/etap.12152ISI: 000380013100009Scopus ID: 2-s2.0-84923658806OAI: oai:DiVA.org:hj-28754DiVA: diva2:888441
Available from: 2015-12-22 Created: 2015-12-22 Last updated: 2016-09-06Bibliographically approved

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  • apa
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