2016
DOI: 10.1016/j.jbusres.2016.04.139
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Entrepreneurship during economic crisis: Success factors and paths to failure

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Cited by 242 publications
(209 citation statements)
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“…Things have changed, and the future is uncertain. In this commentary, we discuss entrepreneurship as a means of transitioning from surviving to thriving [1][2][3].…”
Section: Introductionmentioning
confidence: 99%
“…Things have changed, and the future is uncertain. In this commentary, we discuss entrepreneurship as a means of transitioning from surviving to thriving [1][2][3].…”
Section: Introductionmentioning
confidence: 99%
“…We considered ROA as a performance criterion for identifying those companies that performed better during the economic crisis, assuming that this can be ascribed to their greater innovation capacity. As shown by a recent study (Devece, Peris‐Ortiz, & Rueda‐Armengot, ), entrepreneurship can have better results during a recession than during boom periods thanks to its ability to innovate. In comparison to other economic indicators (such as return on investments), ROA is considered most appropriate for comparing how well different firms within the same industry generate profits with the assets they have.…”
Section: Methodsmentioning
confidence: 94%
“…From the findings, we observed that the majority of respondents in the current study are perceived to be motivated to start their businesses out of economic necessity rather than free choice. Thus, in developing countries, many nascent entrepreneurs engaged in entrepreneurial activities driven by necessity (Kennedy, et al 2003;Cañares, 2011;Devece et al, 2016). In contrast, in advanced countries, entrepreneurial careers are in most cases chosen in free will (Olomi, 2009;Benzing and Chu, 2009).…”
Section: Findings and Discussionmentioning
confidence: 99%