Does the impact of the COVID-19 inhibit global entrepreneurial activities? Structural equation model analysis based on GEM data of 90 countries

Jinsheng Zhu and Yue Wu ()
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Jinsheng Zhu: Wuhan University of Technology
Yue Wu: Wuhan University of Technology, Hubei Province

International Entrepreneurship and Management Journal, 2024, vol. 20, issue 2, No 36, 1529 pages

Abstract: Abstract Using survey data from 90 nations polled by the Global Entrepreneurship Monitor (GEM) in the past two years from 2020 to 2022, this study evaluates the effect of COVID-19 on global entrepreneurship and its mechanism using a structural equation model (SEM). The results show that under the impact of COVID-19, entrepreneurial activities are still active, becoming the fortunate choice for many people to turn danger into opportunity. Entrepreneurial self-efficacy and motivation play a significant chain-mediating role in the impact of COVID-19 on entrepreneurial activities. The entrepreneurial environment played a positive moderating role in the relationship between COVID-19 and entrepreneurial activities. Further heterogeneity analysis shows that this moderating effect is more significant in low- and middle-income economies and in the stage of epidemic normalization. Finally, this study offers policy suggestions on how to propel the entrepreneurial environment, improve entrepreneurial self-efficacy, stimulate entrepreneurial motivation, and promote entrepreneurial activities.

Keywords: COVID-19; Entrepreneurship; Global Entrepreneurship Monitor (GEM); Structural Equation Model (SEM) (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s11365-023-00890-1

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