Innovative entrepreneurial entry over the business cycle: variation by form of innovation and country economic development

IF 5.9 1区经济学 Q1 BUSINESS

Small Business Economics Pub Date : 2026-09-12 DOI:10.1007/s11187-026-01270-z

Paul Steffens,Kim Klyver

引用次数: 0

Abstract

Abstract While prior studies indicate innovation and product introductions decrease during economic downturns and recessions, the nature of innovative entry by startups is unclear. Furthermore, studies of business entry, which is dominated by non-innovative firms, show mixed results. We build on innovation theories to propose that likelihood of entry varies with business cycle fluctuations, following an inverted U-shape relationship with startup innovativeness and with related contextual variations by level of economic development. Using GEM data to study entrepreneurial entry in 66 countries between 2003 and 2018—evaluating both the recovery from the dot.com crash and Global Financial Crisis—we find evidence supporting our proposed counter-cyclic disruption mechanism for discontinuously innovative entry, pro-cyclic prosperity pull mechanism for incrementally innovative entry, and counter-cyclic recession push mechanism for imitative entry, together with contextual variations with economic development.

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经济周期中的创新创业进入：创新形式与国家经济发展的差异

虽然已有研究表明，在经济低迷和衰退期间，创新和产品引入会减少，但创业公司创新进入的性质尚不清楚。此外，对以非创新型企业为主的企业进入的研究显示出喜忧参半的结果。我们在创新理论的基础上提出，进入的可能性随商业周期波动而变化，遵循与创业创新和经济发展水平相关的背景变化的倒u型关系。利用创业板数据研究2003年至2018年间66个国家的创业进入——评估互联网泡沫破裂和全球金融危机后的复苏——我们发现证据支持我们提出的非连续性创新进入的逆周期破坏机制、渐进式创新进入的顺周期繁荣推动机制和模仿进入的逆周期衰退推动机制，以及经济发展的背景变化。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Small Business Economics Multiple-

CiteScore

14.10

自引率

9.40%

发文量

124

期刊介绍： Small Business Economics: An Entrepreneurship Journal (SBEJ) publishes original, rigorous theoretical and empirical research addressing all aspects of entrepreneurship and small business economics, with a special emphasis on the economic and societal relevance of research findings for scholars, practitioners and policy makers. SBEJ covers a broad scope of topics, ranging from the core themes of the entrepreneurial process and new venture creation to other topics like self-employment, family firms, small and medium-sized enterprises, innovative start-ups, and entrepreneurial finance. SBEJ welcomes scientific studies at different levels of analysis, including individuals (e.g. entrepreneurs'' characteristics and occupational choice), firms (e.g., firms’ life courses and performance, innovation, and global issues like digitization), macro level (e.g., institutions and public policies within local, regional, national and international contexts), as well as cross-level dynamics. As a leading entrepreneurship journal, SBEJ welcomes cross-disciplinary research. Officially cited as: Small Bus Econ