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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... Mehr ...
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| Dokumenttyp: | Text |
| Erscheinungsdatum: | 2023 |
| Schlagwörter: | Ecology / Sociology / Developmental Biology / Science Policy / Environmental Sciences not elsewhere classified / Biological Sciences not elsewhere classified / Chemical Sciences not elsewhere classified / going gets tough / established behavioral theory / 300 flemish entrepreneurs / venture &# 8217 / entrepreneurs &# 8217 / entrepreneur &# 8217 / 2008 &# 8211 / hard times cause / crisis imprinting hypothesis / &# 8216 / xlink \ / > / turn cause / rich data / persistent reduction / new concept / job security / extend ideas / entrepreneurial self / entrepreneurial orientation / contemporaneous reduction |
| Sprache: | unknown |
| Permalink: | https://search.fid-benelux.de/Record/base-26705591 |
| Datenquelle: | BASE; Originalkatalog |
| Powered By: | BASE |
| Link(s) : | https://doi.org/10.1371/journal.pone.0290253.s001 |
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.