The COVID-19 Crises: The Threats, Uncertainties and Risks in Entrepreneurial Development

Nadia Abdelhamid Abdelmegeed Abdelwahed () and Bahadur Ali Soomro
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Nadia Abdelhamid Abdelmegeed Abdelwahed: Department of Business Administration, College of Business Management, King Faisal University, Al Hofuf 3802, Saudi Arabia
Bahadur Ali Soomro: Department of Economics, Federal Urdu University of Arts, Science and Technology, Karachi 75300, Pakistan

Risks, 2023, vol. 11, issue 5, 1-19

Abstract: The COVID-19 pandemic and its different waves brought several complications to people’s social lives and massively affected business activities worldwide. Accordingly, in this study, we explored the various COVID-19 threats, uncertainties, and risks that are faced by entrepreneurship, propensity, and development. We applied a deductive approach in this study and utilized cross-sectional data that we collected through a questionnaire. We based this study’s findings on 320 valid cases. By employing structural equation modeling (SEM), we reveal that factors, such as quality of business environment (QoBE) and access to financial resources (AtFR,) have a positive and significant impact on entrepreneurial propensity (EP). On the other hand, the findings reveal that two factors, namely the uncertainties caused by the COVID-19 pandemic (UoCOVID-19) and the risk perceptions of the COVID-19 pandemic (RPoCOVID-19), have a negative effect on EP. This study’s findings provide valuable information about the COVID-19 pandemic and, on particular, on the development of EP among university students. In addition, this study’s findings guide and support policymakers and higher authorities in understanding the impact of the COVID-19 pandemic and other business-related factors for developing EP. Further, these findings support the creation of conducive business environments even during a global pandemic or another natural disaster. Finally, this study’s findings contribute other empirical evidence to enrich previous research on health, business, and management.

Keywords: COVID-19 pandemic crises; risks; uncertainties; entrepreneurial propensity; quality of business environment; Saudi Arabia (search for similar items in EconPapers)
JEL-codes: C G0 G1 G2 G3 K2 M2 M4 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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