Publication
Title
When the going gets tough, the entrepreneurs get less entrepreneurial?
Author
Abstract
We investigate how the 2008–2012 economic crisis relates to entrepreneurs’ confidence ten years later and, in turn, their venture’s entrepreneurial orientation. Conceptually, we introduce the new concept of ‘hard times’ to capture an entrepreneur’s sense of their venture’s hardship during the crisis. Theoretically, we extend ideas on imprinting, to build the argument that hard times cause a persistent reduction in an entrepreneur’s entrepreneurial self-efficacy and sense of job security, both of which in turn cause a contemporaneous reduction in their venture’s entrepreneurial orientation. We contrast the crisis imprinting hypothesis with a hypothesis from the more established behavioral theory of the firm. Strikingly, rich data of about 300 Flemish entrepreneurs and their ventures are in line with a small crisis imprinting effect.
Language
English
Source (journal)
PLoS ONE
Publication
2023
ISSN
1932-6203
DOI
10.1371/JOURNAL.PONE.0290253
Volume/pages
18 :12 (2023) , p. 1-21
Article Reference
e0290253
ISI
001130083600031
Pubmed ID
38134203
Full text (Publisher's DOI)
Full text (open access)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
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Record
Identifier
Creation 02.01.2024
Last edited 01.02.2024
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