IDEAS home Printed from https://ideas.repec.org/a/gam/jrisks/v11y2023i5p89-d1142201.html
   My bibliography  Save this article

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2227-9091/11/5/89/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2227-9091/11/5/89/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Suwaluck Uansa-ard & Wisuwat Wannamakok, 2022. "University students’ entrepreneurial intentions during COVID-19: The perspective of social cognitive career theory," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 18(3), pages 75-106.
    2. Yongseok Jang & Woo Jin Lee & Brandy Hadley, 2020. "Interactive Effects of Business Environment Assessment and Institutional Programs on Opportunity Entrepreneurship," Sustainability, MDPI, vol. 12(13), pages 1-18, July.
    3. Veronika Vakulenko & Igor Khodachek & Anatoli Bourmistrov, 2020. "Ideological and financial spaces of budgetary responses to COVID-19 lockdown strategies: comparative analysis of Russia and Ukraine," Journal of Public Budgeting, Accounting & Financial Management, Emerald Group Publishing Limited, vol. 32(5), pages 865-874, October.
    4. Cornaggia, Jess & Li, Jay Yin, 2019. "The value of access to finance: Evidence from M&As," Journal of Financial Economics, Elsevier, vol. 131(1), pages 232-250.
    5. Sorin Gabriel Anton & Ionel Bostan, 2017. "The Role of Access to Finance in Explaining Cross-National Variation in Entrepreneurial Activity: A Panel Data Approach," Sustainability, MDPI, vol. 9(11), pages 1-16, October.
    6. Laspita, Stavroula & Sitaridis, Ioannis & Kitsios, Fotis & Sarri, Katerina, 2023. "Founder or employee? The effect of social factors and the role of entrepreneurship education," Journal of Business Research, Elsevier, vol. 155(PA).
    7. Creţan Remus, 2021. "Andreas Eckert and Felicitas Hentschke: Corona and Work around the Globe," Comparative Southeast European Studies, De Gruyter, vol. 69(2-3), pages 429-432, September.
    8. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Halil Dincer Kaya, 2023. "The Impact Of The 2008-2009 Global Crisis On Retailers’ And Core Industry Firms’ Loan Applications," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 16-24, February.
    2. Rolando Rubilar-Torrealba & Karime Chahuán-Jiménez & Hanns de la Fuente-Mella & Mercedes Marzo-Navarro, 2022. "Econometric Modeling to Measure the Social and Economic Factors in the Success of Entrepreneurship," Sustainability, MDPI, vol. 14(13), pages 1-15, June.
    3. Valentin-Marian Antohi & Monica Laura Zlati & Romeo Victor Ionescu & Mihaela Neculita & Raluca Rusu & Aurelian Constantin, 2020. "Attracting European Funds in the Romanian Economy and Leverage Points for Securing their Sustainable Management: A Critical Auditing Analysis," Sustainability, MDPI, vol. 12(13), pages 1-27, July.
    4. Olayinka Oyekola & Sofia Johan & Rilwan Sakariyahu & Oluwatoyin Esther Dosumu & Shima Amini, 2023. "Political institutions, financial liberalisation, and access to finance: firm-level empirical evidence," Discussion Papers 2307, University of Exeter, Department of Economics.
    5. Williamson, Rohan & Yang, Jie, 2021. "Tapping into financial synergies: Alleviating financial constraints through acquisitions," Journal of Corporate Finance, Elsevier, vol. 68(C).
    6. Berger, Allen N. & Molyneux, Phil & Wilson, John O.S., 2020. "Banks and the real economy: An assessment of the research," Journal of Corporate Finance, Elsevier, vol. 62(C).
    7. Alberto Burchi & Bogdan Włodarczyk & Marek Szturo & Duccio Martelli, 2021. "The Effects of Financial Literacy on Sustainable Entrepreneurship," Sustainability, MDPI, vol. 13(9), pages 1-21, April.
    8. Cephas Tetteh & Misagh Tasavori & Charan R. Bhattarai & Reza Zaefarian & Tazeeb Rajwani, 2024. "How do environmental factors shape entrepreneurial intention? A review and future research," International Entrepreneurship and Management Journal, Springer, vol. 20(4), pages 2955-2977, December.
    9. Keren Chen, 2022. "Industrial Policy’s Effect on Cross-Border Mergers’ Decisions—Theoretical and Empirical Analysis," Sustainability, MDPI, vol. 14(20), pages 1-25, October.
    10. Chen, Yixin & Liu, Tingting, 2024. "Bankruptcy judicial reform and corporate trade credit financing," China Economic Review, Elsevier, vol. 85(C).
    11. ARTENE, Alin, 1915. "Focusing economic research on the issues of sustainability and environmental protection," LawArXiv g7hpy, Center for Open Science.
    12. Malin Arve & Claudine Desrieux & Romain Espinosa, 2023. "Entrepreneurial intention and resilience: An experiment during the Covid‐19 lockdown," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(2), pages 698-715, March.
    13. Olha Bielienkova & Anton Moholivets & Yana Loktionova, 2021. "Measurement Of The Level Of Economic Security Of Enterprises By The Indicator Of The Attractiveness For Hostile Takeovers," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 7(5).
    14. Aurel Burciu & Rozalia Kicsi & Ionel Bostan & Iulian Condratov & Cristian Valentin Hapenciuc, 2020. "Sustainable Economic Growth Based on R&D Amplification and Technological Content of Exports. Evidences from Romania and The V4 Economies," Sustainability, MDPI, vol. 12(5), pages 1-17, February.
    15. Daianu Dana Codruta & Abrudan Denisa, 2018. "Aspects Regarding The Contribution Of Innovations To The Development Of Entrepreneurship In The European Union," Management Strategies Journal, Constantin Brancoveanu University, vol. 42(4), pages 40-48.
    16. Boris Urban & Brian Ndou, 2019. "Informal Entrepreneurship: A Focus On South African Township Entrepreneurs," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 24(04), pages 1-19, December.
    17. Ma, Rui & Guo, Fei & Li, Dongdong, 2024. "Can public data availability affect stock price crash risk? Evidence from China," International Review of Financial Analysis, Elsevier, vol. 94(C).
    18. ARTENE, Alin, 2018. "Focusing economic research on the issues of sustainability and environmental protection," SocArXiv jc6f5, Center for Open Science.
    19. Yinghui Chen & Xiaolin Gong & Chien-Chi Chu & Yang Cao, 2018. "Access to the Internet and Access to Finance: Theory and Evidence," Sustainability, MDPI, vol. 10(7), pages 1-38, July.
    20. Meng, Qingxi & He, Yan & Zhang, Anting & Gong, Xiaoyun, 2023. "Does mandatory operating information disclosure affect stock price crash risk? Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 82(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jrisks:v:11:y:2023:i:5:p:89-:d:1142201. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.