An attention-based perspective on how climate impact affects opportunity entrepreneurship
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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in: Small Business Economics, 2025.
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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TY - JOUR
T1 - An attention-based perspective on how climate impact affects opportunity entrepreneurship
AU - Hirschmann, Mirko
AU - Fisch, Christian
AU - Farny, Steffen
N1 - Publisher Copyright: © The Author(s) 2025.
PY - 2025
Y1 - 2025
N2 - Climate impact, which refers to the losses resulting from climate change-related events, is one of the most pressing challenges for societies worldwide. Contributing to the climate impact–entrepreneurship nexus, we assess how climate impact affects individual engagement in opportunity entrepreneurship. Drawing on the attention-based view (ABV) and on socio-cognitive theory (SCT), we hypothesize that climate impact increases opportunity entrepreneurship, and that this effect is moderated by individuals’ socio-cognitive characteristics. Combining data from the Global Entrepreneurship Monitor (GEM) and the Climate Risk Index (CRI), we conduct a multilevel analysis that involves 964,440 individuals from 94 countries from 2010 to 2018. In support of our hypotheses, our results suggest that climate impact is positively related to engagement in opportunity entrepreneurship. We also find that this association is negatively moderated by entrepreneurial self-efficacy and entrepreneurial alertness, and positively by entrepreneurial fear of failure. We conclude by discussing the implications of our attention-based understanding of climate impact as a catalyst for opportunity entrepreneurship.
AB - Climate impact, which refers to the losses resulting from climate change-related events, is one of the most pressing challenges for societies worldwide. Contributing to the climate impact–entrepreneurship nexus, we assess how climate impact affects individual engagement in opportunity entrepreneurship. Drawing on the attention-based view (ABV) and on socio-cognitive theory (SCT), we hypothesize that climate impact increases opportunity entrepreneurship, and that this effect is moderated by individuals’ socio-cognitive characteristics. Combining data from the Global Entrepreneurship Monitor (GEM) and the Climate Risk Index (CRI), we conduct a multilevel analysis that involves 964,440 individuals from 94 countries from 2010 to 2018. In support of our hypotheses, our results suggest that climate impact is positively related to engagement in opportunity entrepreneurship. We also find that this association is negatively moderated by entrepreneurial self-efficacy and entrepreneurial alertness, and positively by entrepreneurial fear of failure. We conclude by discussing the implications of our attention-based understanding of climate impact as a catalyst for opportunity entrepreneurship.
KW - Attention-based view (ABV)
KW - Climate impact
KW - Climate Risk Index (CRI)
KW - Multilevel analysis
KW - Opportunity entrepreneurship
KW - Sustainability sciences, Management & Economics
UR - http://www.scopus.com/inward/record.url?scp=105005106742&partnerID=8YFLogxK
U2 - 10.1007/s11187-025-01054-x
DO - 10.1007/s11187-025-01054-x
M3 - Journal articles
AN - SCOPUS:105005106742
JO - Small Business Economics
JF - Small Business Economics
SN - 0921-898X
ER -