EconPapers    
Economics at your fingertips  
 

Much Ado about Nothing? The Surprising Persistence of Nascent Entrepreneurs through Macroeconomic Crisis

Per Davidsson and Scott R. Gordon

Entrepreneurship Theory and Practice, 2016, vol. 40, issue 4, 915-941

Abstract: 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.

Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (53)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1111/etap.12152 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:entthe:v:40:y:2016:i:4:p:915-941

DOI: 10.1111/etap.12152

Access Statistics for this article

More articles in Entrepreneurship Theory and Practice
Bibliographic data for series maintained by SAGE Publications ().

 
Page updated 2025-03-19
Handle: RePEc:sae:entthe:v:40:y:2016:i:4:p:915-941