Natural disasters, entrepreneurship, and creation after destruction: A conceptual approach. Issue 4 (6th December 2017)

• Record Type: Journal Article
• Authors: Monllor, Javier; Murphy, Patrick J.
• Is Part Of: International journal of entrepreneurial behaviour & research. Volume 23:Issue 4(2017)
• Page Start: 618
• Page End: 637
• Publication Date: 2017-12-06
• Subjects: Creative destruction -- Entrepreneurial intentions -- Natural disasters -- Entrepreneurial opportunities -- Entrepreneurial action; Entrepreneurship -- Periodicals; Small business -- Periodicals; 338.04
• DOI: 10.1108/IJEBR-02-2016-0050
• Languages: English
• ISSNs: 1355-2554

Abstract

Abstract : Purpose: The purpose of this paper is to contribute a deeper understanding of how natural disasters influence entrepreneurial intentionality as an important antecedent of entrepreneurial intention. It reviews the conceptual and operational backgrounds of natural disaster research and entrepreneurship theories and formulates a distinctive conceptual approach to entrepreneurial intentions in natural disaster settings. Design/methodology/approach: An exhaustive review of research articles published in peer-reviewed entrepreneurship journals is provided and focuses on entrepreneurship, natural disasters, and entrepreneurial opportunities. Findings: Six propositions about the influence of natural disasters on entrepreneurial intentions in ways that are distinct to the specific circumstances of post-disaster environments. Research limitations/implications: The paper's findings serve as a useful foundation for future research of post-disaster entrepreneurial behavior. The propositions highlight the relationship between opportunities, self-efficacy, feasibility, desirability, fear of failure, and resilience that complement macro-level research with micro-level antecedents. Implications entail new methodological avenues for future studies of humanitarian and post-disaster entrepreneurial activities. Practical implications: This paper suggests ways in which public policy and educational, state and community programs can be designed and executed so that entrepreneurial intentions are developed and entrepreneurial action is not hindered. Moreover, it clarifies several ways to achieve more effective action (or inaction) to serve those affected by natural disasters and minimize disaffection. Originality/value: The study illustrates that natural disasters can and do create opportunities for entrepreneurial behavior even as they generate powerful and sweeping negative effects on socioeconomic systems. Its unique approach explores individual-level variables concerning intent and motivation that drive entrepreneurial decisions in disaster contexts.