When the going gets tough, the entrepreneurs get less entrepreneurial?

Autor: van Hugten J; Management & Organization, School of Business and Economics, Vrije Universiteit Amsterdam, Amsterdam, The Netherlands., Vanderstraeten J; Department of Management, Faculty of Business and Economics, University of Antwerp, Antwerp, Belgium., van Witteloostuijn A; Ethics, Governance and Society, School of Business and Economics, Vrije Universiteit Amsterdam, Amsterdam, The Netherlands., Coreynen W; Department of Management, Faculty of Business and Economics, University of Antwerp, Antwerp, Belgium.; School of Management, Zhejiang University, Hangzhou, China.
Jazyk: angličtina
Zdroj: PloS one [PLoS One] 2023 Dec 22; Vol. 18 (12), pp. e0290253. Date of Electronic Publication: 2023 Dec 22 (Print Publication: 2023).
DOI: 10.1371/journal.pone.0290253
Abstrakt: 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.
Competing Interests: The authors have declared that no competing interests exist.
(Copyright: © 2023 van Hugten et al. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.)
Databáze: MEDLINE
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