Climate risk and informal entrepreneurship in emerging economies : The moderating effects of entrepreneurs’ socio-cognitions

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dc.contributor.authorWei, Shihao
dc.contributor.authorBoudreaux, Christopher J.
dc.contributor.authorStenholm, Pekka
dc.contributor.authorSu,Zhongfeng
dc.contributor.authorZhang, Yiyun
dc.contributor.organizationfi=yrittäjyys |en=Entrepreneurship|
dc.contributor.organization-code1.2.246.10.2458963.20.91614305778
dc.converis.publication-id498429052
dc.converis.urlhttps://research.utu.fi/converis/portal/Publication/498429052
dc.date.accessioned2026-01-21T14:46:07Z
dc.date.available2026-01-21T14:46:07Z
dc.description.abstract<p> This study examines the impact of climate risk on informal entrepreneurship in emerging economies. Drawing on a sample of 6,317 new ventures across 38 emerging countries during the 2012–2013 period, we find that climate risk discourages informal entrepreneurship. This effect is particularly pronounced among entrepreneurs who fear failure but does not vary with their level of self-efficacy. This study extends the implications of climate risk to informal entrepreneurship and enriches our knowledge of the antecedents of informal entrepreneurship. Moreover, by contextualizing the impact of climate risk on informal entrepreneurship in emerging markets, this study offers a more fine-grained analysis of the relationship between climate risk and entrepreneurship. <br></p>
dc.embargo.lift2028-10-31
dc.identifier.eissn1873-7978
dc.identifier.jour-issn0148-2963
dc.identifier.olddbid213677
dc.identifier.oldhandle10024/196695
dc.identifier.urihttps://www.utupub.fi/handle/11111/55731
dc.identifier.urlhttps://doi.org/10.1016/j.jbusres.2025.115518
dc.identifier.urnURN:NBN:fi-fe202601216893
dc.language.isoen
dc.okm.affiliatedauthorStenholm, Pekka
dc.okm.discipline512 Business and managementen_GB
dc.okm.discipline512 Liiketaloustiedefi_FI
dc.okm.internationalcopublicationinternational co-publication
dc.okm.internationalityInternational publication
dc.okm.typeA1 ScientificArticle
dc.publisherElsevier
dc.publisher.countryUnited Statesen_GB
dc.publisher.countryYhdysvallat (USA)fi_FI
dc.publisher.country-codeUS
dc.relation.articlenumber115518
dc.relation.doi10.1016/j.jbusres.2025.115518
dc.relation.ispartofjournalJournal of Business Research
dc.relation.volume199
dc.source.identifierhttps://www.utupub.fi/handle/10024/196695
dc.titleClimate risk and informal entrepreneurship in emerging economies : The moderating effects of entrepreneurs’ socio-cognitions
dc.year.issued2025

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