Entrepreneurial opportunity recognition in the face of disasters. Issue 4 (11th April 2020)

• Record Type: Journal Article
• Authors: Gur, Furkan Amil; Bendickson, Joshua S.; Madden, Laura; McDowell, William C.
• Is Part Of: International journal of entrepreneurial behaviour & research. Volume 26:Issue 4(2020)
• Page Start: 671
• Page End: 693
• Publication Date: 2020-04-11
• Subjects: Deepwater horizon oil spill -- Regional recovery -- Psychological elements of disasters -- Entrepreneurial opportunity -- Qualitative content analysis; Entrepreneurship -- Periodicals; Small business -- Periodicals; 338.04
• DOI: 10.1108/IJEBR-09-2019-0537
• Languages: English
• ISSNs: 1355-2554

Abstract

Abstract : Purpose: Disasters drastically affect regional industries; consequently, the study of regional resilience is of much interest to organizational researchers. To that end, this study examines the role of entrepreneurial opportunity recognition, stakeholder engagement, and elements of psychological recovery in the US Gulf Coast following the Deepwater Horizon oil spill of 2010. Design/methodology/approach: Through a qualitative content analysis of 183 industry-relevant articles published during and after the disaster, this study unpacks the most significant themes at work in the recovery process, including the psychological elements of the oil spill and its aftermath, the role of various internal and external stakeholders, and emerging opportunities for entrepreneurial activity in the region for regional resilience and recovery. Findings: The nine themes that emerged from the data were captured in three categories mapped over time. Category one, psychogical states during and after the oil spill, include denial, coping, and recovery. Category two, regional recovery efforts and the role of stakeholders, includes the themes distractions, bargains, and material support. Category three, emerging opportunities, includes financial support, new markets, and reparations. Originality/value: By mapping these themes over distinct time periods, this study identifies and explores patterns in the recovery period and use them to draw theoretical and practical implications.