Entrepreneurial intentions in the context of a natural disaster
Journal
International Journal of Emerging Markets
ISSN
1746-8809
Date Issued
2020
Type
Resource Types::text::journal::journal article
URL Institutional Repository
Abstract
<jats:sec><jats:title content-type="abstract-subheading">Purpose</jats:title><jats:p>This research aims to explore the moderating effect of a natural disaster on the well-studied relationship between entrepreneurship-oriented beliefs (behavioral, normative, and control beliefs) and entrepreneurial intentions.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title><jats:p>This study relies on data from the Global Entrepreneurship Monitor before and after the earthquake that took place in Chile on February 27, 2010. The study was performed by applying a multilevel hierarchical logit regression over a sample of 14,724 individuals from the six more affected regions.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Findings</jats:title><jats:p>The results indicate that a natural disasters shape the relationship between entrepreneurial intentions and all its three motivational antecedents, however in opposing directions. The results also suggest that a natural disaster strengthens the relationship between entrepreneurial attitudes and entrepreneurial intentions; nevertheless the effect of subjective norms becomes less relevant in shaping entrepreneurial intentions. Furthermore, the authors found that the earthquake had a positive effect on the relationship between perceived behavioral control and entrepreneurial intentions.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Originality/value</jats:title><jats:p>This study advances the emerging stream of research on the micro-level consequences of exogenous shocks and how they shape individual functioning. A key implication for policymakers wishing to facilitate the recovery phase after a natural disaster is that it is important to focus on fostering entrepreneurship by developing individuals' personal attitude and perceived control over the firm-creation behavior, rather than relying on the perceived social pressure to become an entrepreneur.</jats:p></jats:sec>
Subjects
entrepreneurial intentions
;
natural disasters
;
theory of planned behavior
;
entrepreneurship