Entrepreneurship under adverse conditions: Global study of individual resilience and self-efficacy

Abstract

The drivers of entrepreneurial decisions in adverse environments remain poorly understood. In this study we empirically examine the effects of an adverse society (country-level) as well as the effects of individual-level resilience and self-efficacy on entrepreneurial intentions. Eight countries are included in the analyses, and primary survey data has been collected from each country (total n=2,591). Our findings suggest that adverse social conditions in the country impede the development of entrepreneurial intentions among its citizens. Furthermore, adversity dampens the positive relationship between entrepreneurial self-efficacy (belief in one’s entrepreneurial skills) and entrepreneurial intentions, but strengthens the importance of resilience (ability to grow from adversity) for the development of these intentions.

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