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Business Start-ups and Innovation: The Effect of the 2008 Economic Crisis

In: Entrepreneurship, Innovation and Economic Crisis

Author

Listed:
  • Marta Peris-Ortiz

    (Universitat Politècnica de València)

  • Francisco Borja Trujillo-Ruiz

    (Universitat Politècnica de València)

  • Jose Luis Hervás-Oliver

    (Universitat Politècnica de València)

Abstract

This research aims to analyze if innovation, regarded as a distinctive feature of entrepreneurship, is a key element for obtaining satisfactory performance during a recession. The relationships between entrepreneurship and recession are difficult to establish, and there is no consensus in the literature on the effects of recession on entrepreneurial activities. This research has been conducted on four items in the “Individual level data GEM 2009 APS Global” survey. Results show the ineffective trend of innovation strategies in start-ups during times of economic prosperity. However, this negative effect disappears and even becomes positive in situations of economic crisis.

Suggested Citation

  • Marta Peris-Ortiz & Francisco Borja Trujillo-Ruiz & Jose Luis Hervás-Oliver, 2014. "Business Start-ups and Innovation: The Effect of the 2008 Economic Crisis," Springer Books, in: Klaus Rüdiger & Marta Peris Ortiz & Alicia Blanco González (ed.), Entrepreneurship, Innovation and Economic Crisis, edition 127, chapter 0, pages 41-47, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-02384-7_5
    DOI: 10.1007/978-3-319-02384-7_5
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    Citations

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    Cited by:

    1. Emilio Pindado & Mercedes Sánchez, 2017. "Researching the entrepreneurial behaviour of new and existing ventures in European agriculture," Small Business Economics, Springer, vol. 49(2), pages 421-444, August.
    2. Kotsopoulos, Dimosthenis & Karagianaki, Angeliki & Baloutsos, Stratos, 2022. "The effect of human capital, innovation capacity, and Covid-19 crisis on Knowledge-Intensive Enterprises’ growth within a VC-driven innovation ecosystem," Journal of Business Research, Elsevier, vol. 139(C), pages 1177-1191.
    3. Galina Shirokova & Liudmila Ivvonen & Elena Gafforova, 2019. "Strategic Entrepreneurship in Russia during Economic Crisis," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 13(3), pages 62-76.

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