Assessing the impact of climate change on entrepreneurship: short-term and long-term effects
Abstract Climate change is one of the biggest crises facing humanity today, but the existing literature lacks discussion on the impact of climate change on economic development from the perspective of entrepreneurial activities. This study investigates the impact of climate change risks on entrepren...
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| Format: | Article |
| Language: | English |
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Springer Nature
2025-03-01
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| Series: | Humanities & Social Sciences Communications |
| Online Access: | https://doi.org/10.1057/s41599-025-04763-6 |
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| author | Sujuan Han Mei Zhou |
| author_facet | Sujuan Han Mei Zhou |
| author_sort | Sujuan Han |
| collection | DOAJ |
| description | Abstract Climate change is one of the biggest crises facing humanity today, but the existing literature lacks discussion on the impact of climate change on economic development from the perspective of entrepreneurial activities. This study investigates the impact of climate change risks on entrepreneurship, distinguishing between short-term and long-term effects. Using data on firm dynamics, natural disasters, and financial institution presence, we find that climate-related disasters reduce firm entries and increase exits in the short term due to overreaction to immediate shocks. Long-term impacts involve increasing firm exits and decreasing firm survival rates. Areas with dense financial institutions show greater resilience, emphasizing the importance of financial infrastructure. Our findings highlight the importance of robust financial infrastructure in disaster-affected regions to support entrepreneurial resilience and economic stability. |
| format | Article |
| id | doaj-art-dcafeef756ec46df8aeda3f4e7f89381 |
| institution | DOAJ |
| issn | 2662-9992 |
| language | English |
| publishDate | 2025-03-01 |
| publisher | Springer Nature |
| record_format | Article |
| series | Humanities & Social Sciences Communications |
| spelling | doaj-art-dcafeef756ec46df8aeda3f4e7f893812025-08-20T02:49:32ZengSpringer NatureHumanities & Social Sciences Communications2662-99922025-03-011211810.1057/s41599-025-04763-6Assessing the impact of climate change on entrepreneurship: short-term and long-term effectsSujuan Han0Mei Zhou1Qinghai Normal UniversitySouthwestern University of Finance and EconomicsAbstract Climate change is one of the biggest crises facing humanity today, but the existing literature lacks discussion on the impact of climate change on economic development from the perspective of entrepreneurial activities. This study investigates the impact of climate change risks on entrepreneurship, distinguishing between short-term and long-term effects. Using data on firm dynamics, natural disasters, and financial institution presence, we find that climate-related disasters reduce firm entries and increase exits in the short term due to overreaction to immediate shocks. Long-term impacts involve increasing firm exits and decreasing firm survival rates. Areas with dense financial institutions show greater resilience, emphasizing the importance of financial infrastructure. Our findings highlight the importance of robust financial infrastructure in disaster-affected regions to support entrepreneurial resilience and economic stability.https://doi.org/10.1057/s41599-025-04763-6 |
| spellingShingle | Sujuan Han Mei Zhou Assessing the impact of climate change on entrepreneurship: short-term and long-term effects Humanities & Social Sciences Communications |
| title | Assessing the impact of climate change on entrepreneurship: short-term and long-term effects |
| title_full | Assessing the impact of climate change on entrepreneurship: short-term and long-term effects |
| title_fullStr | Assessing the impact of climate change on entrepreneurship: short-term and long-term effects |
| title_full_unstemmed | Assessing the impact of climate change on entrepreneurship: short-term and long-term effects |
| title_short | Assessing the impact of climate change on entrepreneurship: short-term and long-term effects |
| title_sort | assessing the impact of climate change on entrepreneurship short term and long term effects |
| url | https://doi.org/10.1057/s41599-025-04763-6 |
| work_keys_str_mv | AT sujuanhan assessingtheimpactofclimatechangeonentrepreneurshipshorttermandlongtermeffects AT meizhou assessingtheimpactofclimatechangeonentrepreneurshipshorttermandlongtermeffects |