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Entrepreneurial Innovation and Sustainable Growth in the Era of the COVID-19 Crisis

A special issue of Sustainability (ISSN 2071-1050).

Deadline for manuscript submissions: closed (31 December 2023) | Viewed by 7430

Special Issue Editors


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Guest Editor
1. Miguel Torga Institute of Higher Education, Largo Cruz de Celas nº1, 3000-132 Coimbra, Portugal
2. NECE—Research Unit in Business Sciences, University of Beira Interior, Estrada do Sineiro, s/n, 6200-209 Covilhã, Portugal
Interests: regional innovation systems; RIS3; smart specialization; tourism; strategy; entrepreneurship; marketing; innovation; circular economy; competitiveness
Special Issues, Collections and Topics in MDPI journals

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Guest Editor
School of Economics and Management, University of Minho, Campus Gualtar, 4710-057 Braga, Portugal
Interests: management; strategy; sustainability; entrepreneurship; marketing; circular economy
Special Issues, Collections and Topics in MDPI journals

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Guest Editor
REMIT—Research on Economics, Management and Information Technologies, University Portucalense, R. Dr. António Bernardino de Almeida 541, 4200-072 Porto, Portugal
Interests: entrepreneurship; corporate finance; financial risk; economics; banking
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

With the emergence of coronavirus (SARS-CoV-2) and the rapid diffusion of the COVID-19 pandemic by the end of 2019, the planet has been facing serious problems regarding the health of the population. Consequently, and in a short period of time, health problems have turned into economic and social problems on a global scale, and this new context has created an unprecedented environment of uncertainty.

Within this context, entrepreneurship and innovation play an essential role and may decisively contribute to mitigate the negative impacts derived from the COVID-19 pandemic. Entrepreneurship is widely recognized as being a catalyst for sustainable socioeconomic development and can improve citizens' wellbeing by increasing the wealth and value of nations and their regions. As such, the experience of entrepreneurs and their resources, as well as individual talent, must be part of the solution, allowing this crisis to be overcome and enabling weaknesses to be transformed into sustainable competitive advantages.

However, many entrepreneurs have been forced to close their companies temporarily to comply with restrictions imposed by authorities. Other companies had to close for good because they were unable to pay their expenses. It is an unfortunate fact that the situation caused by the COVID-19 pandemic decelerated entrepreneurial intention.

To bring new contributions to the sustainable socioeconomic development of countries and regions, and new business models for companies, during and after the COVID-19 pandemic, this Special Issue on  “Entrepreneurial Innovation and Sustainable Growth in the Era of the COVID-19 crisis” invites articles on but not limited to the following topics:

  • Institutions and policies to enhance academic entrepreneurship and innovation
  • Regional and global dynamics of academic entrepreneurship and innovation
  • University and science-based innovation and technology transfer
  • Impact of pandemics on entrepreneurial activity
  • Crisis management and entrepreneurial resilience
  • Entrepreneurship and small and medium-sized enterprise (SME) policy
  • Entrepreneurship and innovation
  • Resilience of entrepreneurs
  • Business model change in growth and performance of entrepreneurial
  • The role of capabilities related to growth and business models
  • New forms of ventures
  • The role of networks and partnerships in growth models/business models
  • The influence of technology and digitization in business change and growth in entrepreneurship
  • Sustainable business and circular economy
  • The individual/inventor level
  • The network level
  • Informal entrepreneurship;
  • Microentrepreneurship;
  • The level of young firms;
  • Entrepreneurial, cooperative networks, and social capital;
  • Trends in youth empowerment and entrepreneurship;
  • Entrepreneurship education and entrepreneurial intentions;
  • Digital entrepreneurship;
  • The nascent entrepreneurial level;
  • Innovative financing of SMEs;
  • Policies at the global, national, and regional levels;
  • New approaches to entrepreneurial leadership;
  • The convergence of gender, science and technology, and entrepreneurship;
  • Emerging strategies of SME businesses;
  • Social entrepreneurship;
  • University entrepreneurship ecosystems;
  • The system level, innovation, or technological systems;
  • New insights into innovation in SMEs;
  • International entrepreneurship;
  • Societal changes and entrepreneurship;
  • Digital social entrepreneurship.

Dr. João M. Lopes
Prof. Dr. José Oliveira
Dr. Sofia Gomes
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • innovation
  • sustainability
  • entrepreneurial resilience
  • business resilience
  • entrepreneurship
  • academic entrepreneurship
  • COVID-19

Published Papers (3 papers)

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Research

13 pages, 953 KiB  
Article
Are Sustainability Indices Infected by the Volatility of Stock Indices? Analysis before and after the COVID-19 Pandemic
by Manuel Carlos Nogueira and Mara Madaleno
Sustainability 2022, 14(22), 15434; https://doi.org/10.3390/su142215434 - 20 Nov 2022
Cited by 1 | Viewed by 1824
Abstract
Considering the growing importance of sustainable investments worldwide, we explore the volatility transmission effects between the EURO STOXX Sustainability Index and the stock market indexes of its stocks. Using daily index return data, during 2000–2022, covering the COVID-19 pandemic, Multivariate Generalized Auto-Regressive Conditional [...] Read more.
Considering the growing importance of sustainable investments worldwide, we explore the volatility transmission effects between the EURO STOXX Sustainability Index and the stock market indexes of its stocks. Using daily index return data, during 2000–2022, covering the COVID-19 pandemic, Multivariate Generalized Auto-Regressive Conditional Heteroskedasticity (MGARCH) models are used to explore if volatility effects of the stock indices felt during the pandemic implied any evolution in the effects already felt between the volatilities existing in these stock indices and the effects of stock market indices’ volatility over the sustainability index. Results point to the great dependence that the sustainability index has on stock index movements. The volatility felt in stock indices during the pandemic period did not become decisive in reversing a previous correlation trajectory between the stock market and sustainability indexes. Provided that sustainability is not observed exclusively in financial and economic terms, but in a triple bottom line context (including the social and environmental sides), we should not verify a high influence of stock market indexes over the sustainability index, as the results point out. Policymakers and investors should be aware of the high influence and take measures to turn the sustainability index more independent. Full article
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20 pages, 941 KiB  
Article
Circular Economy Initiatives: Strategic Implications, Resource Management, and Entrepreneurial Innovation in a Brazilian Craft Beer Ecosystem during the COVID Era
by Marcia Cristiane Gruba, Danielle Denes, Rodrigo Cortopassi Goron Lobo and Andrew Jay Isaak
Sustainability 2022, 14(19), 11826; https://doi.org/10.3390/su141911826 - 20 Sep 2022
Cited by 1 | Viewed by 1702
Abstract
A new brewery is founded in Brazil every two days. Yet with climate change, drinking water is increasingly scarce. Previous studies have begun exploring the brewing industry, but an examination of circular economy initiatives in Latin America is lacking, particularly during the COVID [...] Read more.
A new brewery is founded in Brazil every two days. Yet with climate change, drinking water is increasingly scarce. Previous studies have begun exploring the brewing industry, but an examination of circular economy initiatives in Latin America is lacking, particularly during the COVID era. This study analyzes strategic implications of circular economy initiatives, together with their role in the coevolution of the craft beer sociotechnical system in Brazil from a resource perspective during the COVID pandemic. Using a qualitative methodology based on analytic induction, 11 in-depth semi-structured interviews were carried out with key actors from the craft beer sociotechnical system in Guarapuava. For the content analysis, we triangulated the interviews with an analysis of 74 related documents. We found evidence of circular economy practices and sociotechnical transitions with the simultaneous coevolution of the system actors. Increasing rejection of the linear take–make–waste economy was observed as subject organizations largely adopted a regenerative model reducing operational waste. Hence, entrepreneurial innovation was apparently crucial for resource allocation during the COVID era. This work contributes to further understanding resource configurations in the circular economy, with practical implications for integrating sustainability into strategy, business models, and production. Full article
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22 pages, 577 KiB  
Article
How Stable Are Students’ Entrepreneurial Intentions in the COVID-19 Pandemic Context?
by Elena-Aurelia Botezat, Alexandru Constăngioară, Anca-Otilia Dodescu and Ioana-Crina Pop-Cohuţ
Sustainability 2022, 14(9), 5690; https://doi.org/10.3390/su14095690 - 08 May 2022
Cited by 7 | Viewed by 1955
Abstract
The purposed longitudinal study analyzes the evolution of students’ Entrepreneurial Intentions (EI) and its antecedents over the COVID-19 pandemic period and explores the inter-individual differences and the intra-individual changes. Our main contribution consists of proposing two-panel estimations techniques: first, a Latent Change Score [...] Read more.
The purposed longitudinal study analyzes the evolution of students’ Entrepreneurial Intentions (EI) and its antecedents over the COVID-19 pandemic period and explores the inter-individual differences and the intra-individual changes. Our main contribution consists of proposing two-panel estimations techniques: first, a Latent Change Score model (LCS) approach to analyze the stability of our constructs, and second, a Generalized Least Squares (GLS) Random-Effect estimation of a complex network of relationships that we have identified within the Theory of Planned Behavior (TPB) framework. Our empirical results show that students’ EI enrolled in an entrepreneurship education (EE) program increased during the COVID-19 pandemic. Individuals with initial higher scores for EI have changed less than those with lower initial scores, and a gender difference exists in the initial level of EI and its antecedents. Our results also document the moderation effects of entrepreneurial self-efficacy and the importance of inspiration and resources in building students’ EI and provide valuable policy recommendations for universities regarding the design of EE programs to contribute to the economic recovery in the post-pandemic era. Full article
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