Entrepreneurial intention and resilience An experiment during the Covid-19 lockdown

Malin Arve, Claudine Desrieux () and Romain Espinosa ()
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Claudine Desrieux: CRED - Centre de Recherche en Economie et Droit - Université Paris-Panthéon-Assas
Romain Espinosa: CIRED - Centre International de Recherche sur l'Environnement et le Développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École nationale des ponts et chaussées - Université Paris-Saclay - CNRS - Centre National de la Recherche Scientifique

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Abstract: We study what profiles of individuals were the most likely to give up their entrepreneurial project at the beginning of the Covid-19 crisis. To reach this goal, we run an experiment during the first lockdown in the UK. Our results show that the first months of the crisis have a sharp screening effect: 63% of prospective entrepreneurs postpone or cancel their project in May 2020. Taste for risk or competition does not characterize those who stick to their project. Instead, low opportunity costs to continue and concern for one's own interest instead of cooperation are common among entrepreneurs who persist.

Keywords: Entrepreneurship; Covid-19; Experiment; Resilience; Risk; Competition; Cooperation; Altruism (search for similar items in EconPapers)
Date: 2023
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03897754v1
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Published in Managerial and Decision Economics, 2023, 44 (2), pp.698-715. ⟨10.1002/mde.3736⟩

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Working Paper: Entrepreneurial intention and resilience: An experiment during the Covid-19 lockdown (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-03897754

DOI: 10.1002/mde.3736

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