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The COVID-19 Crises: The Threats, Uncertainties and Risks in Entrepreneurial Development

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  • Nadia Abdelhamid Abdelmegeed Abdelwahed

    (Department of Business Administration, College of Business Management, King Faisal University, Al Hofuf 3802, Saudi Arabia)

  • Bahadur Ali Soomro

    (Department of Economics, Federal Urdu University of Arts, Science and Technology, Karachi 75300, Pakistan)

Abstract

The COVID-19 pandemic and its different waves brought several complications to people’s social lives and massively affected business activities worldwide. Accordingly, in this study, we explored the various COVID-19 threats, uncertainties, and risks that are faced by entrepreneurship, propensity, and development. We applied a deductive approach in this study and utilized cross-sectional data that we collected through a questionnaire. We based this study’s findings on 320 valid cases. By employing structural equation modeling (SEM), we reveal that factors, such as quality of business environment (QoBE) and access to financial resources (AtFR,) have a positive and significant impact on entrepreneurial propensity (EP). On the other hand, the findings reveal that two factors, namely the uncertainties caused by the COVID-19 pandemic (UoCOVID-19) and the risk perceptions of the COVID-19 pandemic (RPoCOVID-19), have a negative effect on EP. This study’s findings provide valuable information about the COVID-19 pandemic and, on particular, on the development of EP among university students. In addition, this study’s findings guide and support policymakers and higher authorities in understanding the impact of the COVID-19 pandemic and other business-related factors for developing EP. Further, these findings support the creation of conducive business environments even during a global pandemic or another natural disaster. Finally, this study’s findings contribute other empirical evidence to enrich previous research on health, business, and management.

Suggested Citation

  • Nadia Abdelhamid Abdelmegeed Abdelwahed & Bahadur Ali Soomro, 2023. "The COVID-19 Crises: The Threats, Uncertainties and Risks in Entrepreneurial Development," Risks, MDPI, vol. 11(5), pages 1-19, May.
    • Handle: RePEc:gam:jrisks:v:11:y:2023:i:5:p:89-:d:1142201
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    References listed on IDEAS

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    7. Bahadur Ali Soomro & Ghulam Rasool Lakhan & Naimatullah Shah, 2021. "COVID‐19 impediments and business start‐ups in Pakistan: Evidence from the second wave of the pandemic," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(7), pages 1909-1918, October.
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    Cited by:

    1. Giuseppina Maria Cardella & Virginia Barba-Sánchez & Ángel Meseguer-Martinez & Brizeida Hernández-Sánchez & José Carlos Sánchez-García, 2024. "Analyzing university students’ entrepreneurial intentions under the influence of the COVID-19 pandemic," International Entrepreneurship and Management Journal, Springer, vol. 20(4), pages 2567-2590, December.

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