Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/335525 
Year of Publication: 
2025
Citation: 
[Journal:] Small Business Economics [ISSN:] 1573-0913 [Volume:] 65 [Issue:] 4 [Publisher:] Springer US [Place:] New York [Year:] 2025 [Pages:] 2217-2257
Publisher: 
Springer US, New York
Abstract: 
Abstract 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.
Subjects: 
Climate impact
Opportunity entrepreneurship
Attention-based view (ABV)
Climate Risk Index (CRI)
Multilevel analysis
Persistent Identifier of the first edition: 
Additional Information: 
L26;Q01;Q54
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version
Appears in Collections:

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.