Details
| Original language | English |
|---|---|
| Article number | e00469 |
| Number of pages | 14 |
| Journal | Journal of Business Venturing Insights |
| Volume | 21 |
| Early online date | 5 May 2024 |
| Publication status | Published - Jun 2024 |
Abstract
Using household panel data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey and satellite re-analysis temperature and rainfall data, we present the first study to examine the impact of weather shocks on entrepreneurship. We measure temperature and rainfall shocks at the postcode level, and find that an increase in weather shocks in the previous period is associated with a decline in the probability of self-employment in the next period. We find suggestive evidence that health, cognitive functioning and economic activity are mechanisms through which temperature shocks transmit to entrepreneurship. The key insight of this study is that it is less likely that those directly affected by climate events will act entrepreneurially, at least in the short run.
Keywords
- Entrepreneurship, Rainfall, Self-employment, Shocks, Temperature, Weather
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- Business and International Management
- Business, Management and Accounting(all)
- Management of Technology and Innovation
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In: Journal of Business Venturing Insights, Vol. 21, e00469, 06.2024.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - From disastrous heat waves to extreme rains
T2 - Effects of weather shocks on entrepreneurship
AU - Awaworyi Churchill, Sefa
AU - Munyanyi, Musharavati Ephraim
AU - Trinh, Trong Anh
AU - Wiklund, Johan
N1 - Publisher Copyright: © 2024 The Authors
PY - 2024/6
Y1 - 2024/6
N2 - Using household panel data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey and satellite re-analysis temperature and rainfall data, we present the first study to examine the impact of weather shocks on entrepreneurship. We measure temperature and rainfall shocks at the postcode level, and find that an increase in weather shocks in the previous period is associated with a decline in the probability of self-employment in the next period. We find suggestive evidence that health, cognitive functioning and economic activity are mechanisms through which temperature shocks transmit to entrepreneurship. The key insight of this study is that it is less likely that those directly affected by climate events will act entrepreneurially, at least in the short run.
AB - Using household panel data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey and satellite re-analysis temperature and rainfall data, we present the first study to examine the impact of weather shocks on entrepreneurship. We measure temperature and rainfall shocks at the postcode level, and find that an increase in weather shocks in the previous period is associated with a decline in the probability of self-employment in the next period. We find suggestive evidence that health, cognitive functioning and economic activity are mechanisms through which temperature shocks transmit to entrepreneurship. The key insight of this study is that it is less likely that those directly affected by climate events will act entrepreneurially, at least in the short run.
KW - Entrepreneurship
KW - Rainfall
KW - Self-employment
KW - Shocks
KW - Temperature
KW - Weather
UR - http://www.scopus.com/inward/record.url?scp=85192105489&partnerID=8YFLogxK
U2 - 10.1016/j.jbvi.2024.e00469
DO - 10.1016/j.jbvi.2024.e00469
M3 - Article
AN - SCOPUS:85192105489
VL - 21
JO - Journal of Business Venturing Insights
JF - Journal of Business Venturing Insights
M1 - e00469
ER -