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Learning from crisis: a systematic literature review


  • Jan Brzozowski

    () (Università Politecnica delle Marche, MoFiR)

  • Marco Cucculelli

    () (Università Politecnica delle Marche, Dipartimento di Scienze economiche e sociali)


The recent economic crisis has revived the interest on the reactions to the recession pursued by the entrepreneurs. Understanding how to act in troubled times becomes an asset which is vital for the firm survival, and to the future competitive advantage after the economic recovery. This papers reviews the state of the art on the firms. reaction to economic crisis and on the firms. ability to learn from previous events. The study aims at identifying the main trends and findings in this research field. Based on the Scopus and Web of Science indexes, the systematic review of the literature is carried out on the sample of 38 papers, by investigating the objectives, geographical coverage, methodologies and results. Consequently, most important gaps in knowledge on the learning from crisis research have been identified and most promising topics are described.

Suggested Citation

  • Jan Brzozowski & Marco Cucculelli, 2016. "Learning from crisis: a systematic literature review," Mo.Fi.R. Working Papers 123, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
  • Handle: RePEc:anc:wmofir:123

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    References listed on IDEAS

    1. Li, Sanxi & Peitz, Martin & Zhao, Xiaojian, 2016. "Information disclosure and consumer awareness," Journal of Economic Behavior & Organization, Elsevier, vol. 128(C), pages 209-230.
    2. Osili, Una Okonkwo & Paulson, Anna, 2014. "Crises and confidence: Systemic banking crises and depositor behavior," Journal of Financial Economics, Elsevier, vol. 111(3), pages 646-660.
    3. Tewari, Meenu, 1999. "Successful Adjustment in Indian Industry: the Case of Ludhiana's Woolen Knitwear Cluster," World Development, Elsevier, vol. 27(9), pages 1651-1671, September.
    4. Cope, Jason, 2011. "Entrepreneurial learning from failure: An interpretative phenomenological analysis," Journal of Business Venturing, Elsevier, vol. 26(6), pages 604-623.
    5. Luke Pittaway & Richard Thorpe, 2012. "A framework for entrepreneurial learning: A tribute to Jason Cope," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 24(9-10), pages 837-859, December.
    6. Pal, Rudrajeet & Torstensson, Håkan & Mattila, Heikki, 2014. "Antecedents of organizational resilience in economic crises—an empirical study of Swedish textile and clothing SMEs," International Journal of Production Economics, Elsevier, vol. 147(PB), pages 410-428.
    7. Dominic Elliott & Denis Smith, 2006. "Cultural Readjustment After Crisis: Regulation and Learning from Crisis Within the UK Soccer Industry," Journal of Management Studies, Wiley Blackwell, vol. 43(2), pages 289-317, March.
    8. Edward Deverell, 2010. "Flexibility and Rigidity in Crisis Management and Learning at Swedish Public Organizations," Public Management Review, Taylor & Francis Journals, vol. 12(5), pages 679-700, September.
    9. Rocío Aliaga-Isla (PhD) & Alex Rialp (PhD), 2013. "Systematic review of immigrant entrepreneurship literature: previous findings and ways forward," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 25(9-10), pages 819-844, December.
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    More about this item


    organizational learning; crisis; economic recession;

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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