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Entrepreneurship and Innovation in a Context of Crisis

In: Entrepreneurship, Innovation and Economic Crisis

Author

Listed:
  • Marta Peris-Ortiz

    (Universitat Politècnica de València)

  • Vicenta Fuster-Estruch

    (Universitat Politècnica de València)

  • Carlos Devece-Carañana

    (Universitat Politècnica de València)

Abstract

There is no consensus in the literature on the effects of an economic crisis on entrepreneurial activity. Some authors consider that situations of weak growth, recession, or stagnation may favor discovery of opportunities and innovation; whereas others claim that economic slowdowns have a negative effect on entrepreneurial attitude, reducing discovery of opportunities and investment in innovation. This chapter, by relating entrepreneurs with their experience, specific business management skills and knowledge, their innovation practices, attitude, and perception of opportunities, postulates that entrepreneurs with these characteristics and practices, embodying entrepreneurship in the fullest sense, will maintain an entrepreneurial attitude in situations of economic crisis. The study is based on Global Entrepreneurship Monitor data which show a positive, significant relationship between this type of entrepreneur and entrepreneurial performance during the economic crisis.

Suggested Citation

  • Marta Peris-Ortiz & Vicenta Fuster-Estruch & Carlos Devece-Carañana, 2014. "Entrepreneurship and Innovation in a Context of Crisis," Springer Books, in: Klaus Rüdiger & Marta Peris Ortiz & Alicia Blanco González (ed.), Entrepreneurship, Innovation and Economic Crisis, edition 127, chapter 0, pages 1-10, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-02384-7_1
    DOI: 10.1007/978-3-319-02384-7_1
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    Citations

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    Cited by:

    1. Devece, Carlos & Peris-Ortiz, Marta & Rueda-Armengot, Carlos, 2016. "Entrepreneurship during economic crisis: Success factors and paths to failure," Journal of Business Research, Elsevier, vol. 69(11), pages 5366-5370.
    2. Federico Vegetti & Dragoş Adăscăliţei, 2017. "The impact of the economic crisis on latent and early entrepreneurship in Europe," International Entrepreneurship and Management Journal, Springer, vol. 13(4), pages 1289-1314, December.
    3. Kotsopoulos, Dimosthenis & Karagianaki, Angeliki & Baloutsos, Stratos, 2022. "The effect of human capital, innovation capacity, and Covid-19 crisis on Knowledge-Intensive Enterprises’ growth within a VC-driven innovation ecosystem," Journal of Business Research, Elsevier, vol. 139(C), pages 1177-1191.
    4. Alfonso Rodríguez-Ramírez & Álvaro Zapata-Domínguez, 2020. "La crisis como escenario para surgimiento del emprendimiento social: caso de la Universidad del Valle," Revista Sociedad y Economía, Universidad del Valle, CIDSE, issue 41, pages 121-142, July.
    5. Simon Coulombe & Marcus Dejardin & Sylvain Luc, 2022. "Covid or not Covid? Psychological Distress and Entrepreneurial Intentions among Canadian Workers during the Pandemic," Post-Print halshs-03659225, HAL.

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