TY - JOUR

T1 - Climate Change as an External Enabler of Entrepreneurial Activity

AU - Hirschmann, Mirko

AU - Farny, Steffen

AU - Fisch, Christian

N1 - Conference code: 83

PY - 2023/8/1

Y1 - 2023/8/1

N2 - This study examines the relationship between climate change and new entrepreneurial activity. We propose, using the emerging Theory of External Enablers (TEE), that climate change can enable entrepreneurial activity when individuals perceive environmental uncertainty as an attractive opportunity to start a business. Our multi-level analysis of 1,116,324 individuals from 100 countries over a 10-year period strongly supports the idea that climate change can stimulate entrepreneurial activity. Our moderation analysis further shows that women and individuals with a larger entrepreneurial network are even more likely to view climate change as a potential entrepreneurial opportunity. However, those with higher entrepreneurial self-efficacy are generally less likely to see climate change in this way. We discuss the implications of this evidence-based understanding of climate change as a catalyst for new entrepreneurial action for the fields of entrepreneurship and management.

AB - This study examines the relationship between climate change and new entrepreneurial activity. We propose, using the emerging Theory of External Enablers (TEE), that climate change can enable entrepreneurial activity when individuals perceive environmental uncertainty as an attractive opportunity to start a business. Our multi-level analysis of 1,116,324 individuals from 100 countries over a 10-year period strongly supports the idea that climate change can stimulate entrepreneurial activity. Our moderation analysis further shows that women and individuals with a larger entrepreneurial network are even more likely to view climate change as a potential entrepreneurial opportunity. However, those with higher entrepreneurial self-efficacy are generally less likely to see climate change in this way. We discuss the implications of this evidence-based understanding of climate change as a catalyst for new entrepreneurial action for the fields of entrepreneurship and management.

KW - Management studies

UR - https://www.mendeley.com/catalogue/65ff9f40-796f-3243-ab10-630c5b8fb824/

U2 - 10.5465/amproc.2023.12845abstract

DO - 10.5465/amproc.2023.12845abstract

M3 - Conference abstract in journal

VL - 2023

JO - Academy of Management Proceedings

JF - Academy of Management Proceedings

SN - 0065-0668

IS - 1

T2 - 83rd Annual Meeting of the Academy of Management - AOM 2023

Y2 - 4 August 2023 through 8 August 2023

ER -