This study measures an individual's evaluation of the situation of COVID-19 and the result of such an evaluation on their business venturing decision. We have considered a three-step model of exposure–evaluation–action using partial least squares (PLS)-based structural equation modeling with a sample of 497 working-class members and small business owners. Unlike previous researches on “economic uncertainty,” our results show that the systemic economic uncertainty during COVID-19 inhibited business venturing. This was caused by the negative opportunity cost due to higher sustenance costs during the pandemic. We further found that “entrepreneurial intent” independently did not lead to business venturing, but the act of venturing depended on the recognition of opportunity.

中文翻译：

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必要性或机会：COVID-19 大流行期间的企业冒险决策案例

这项研究衡量了个人对 COVID-19 情况的评估以及这种评估对其业务冒险决策的结果。我们已经考虑了使用基于偏最小二乘 (PLS) 的结构方程建模的暴露-评估-行动的三步模型，其中包含 497 名工人阶级成员和小企业主的样本。与之前关于“经济不确定性”的研究不同，我们的研究结果表明，COVID-19 期间的系统性经济不确定性抑制了企业冒险。这是由于大流行期间较高的维持成本导致的负机会成本造成的。我们进一步发现，独立的“创业意图”并没有导致创业，但创业的行为取决于对机会的认识。