How Stable Are Students’ Entrepreneurial Intentions in the COVID-19 Pandemic Context?

Examining the Impact of COVID-19 on Entrepreneurial Intention through a Stimulus–Organism–Response Perspective

Among scholars, there is an interest in understanding how entrepreneurial behavior is influenced by the consequences of crises. The COVID-19 pandemic may negatively or positively affect individuals’ behavior, including entrepreneurial intention. Thus, this paper seeks to study whether or not the economic shock caused by the pandemic reinforces the intention to start a business. The research was administered at the individual level by distributing a structured survey. The hypotheses were developed based on a unique conceptual framework integrating the planned behavior theory and a stimulus–organism–response perspective. The relationships were tested using the structural equation modeling method with an original dataset of more than 800 respondents from three post-communist transition countries. The results indicate that the COVID-19 pandemic, seen as an opportunity, positively influences both the antecedents of entrepreneurial intention and individuals’ intention to start a business. The message that these findings convey is that, even in crises, there are opportunities from which one can benefit, including the individual’s propensity to engage in startup activities. By examining the impact of the COVID-19 crisis on entrepreneurial behavior, educational institutions and policymakers can design effective policies to foster entrepreneurship and reduce unemployment, particularly among the youth.

College Students’ Entrepreneurial Intention and Alertness in the Context of the COVID-19 Pandemic

This research aims to explore how the COVID-19 pandemic has affected college students’ entrepreneurial intention (EI), as well as whether the well-studied link between entrepreneurial alertness (EA) and EI is involved. Data were collected from 612 respondents, and using the stepwise regression method we examined the moderating role of college students’ perceived risk of COVID-19 on the connection between EA and EI. The results show that students’ perceived risk of COVID-19 reduces their EI. Furthermore, the perceived risk of COVID-19 attenuates the relationship between EA and EI. Specifically, those who perceived a greater risk tended to show lower EI. This article contributes to a better understanding of how the relationship between EA and EI has changed during the pandemic.