Evaluation of the early-stage entrepreneurship activity in the United States during the COVID-19 pandemic

Pengsheng Kang; Lin Guo; Zhou Lu; Lili Zhu

doi:10.3389/fpubh.2022.972203

Evaluation of the early-stage entrepreneurship activity in the United States during the COVID-19 pandemic

Front Public Health. 2022 Sep 15:10:972203. doi: 10.3389/fpubh.2022.972203. eCollection 2022.

Authors

Pengsheng Kang¹, Lin Guo², Zhou Lu³, Lili Zhu⁴

Affiliations

¹ Macau University of Science and Technology, Macao, Macao SAR, China.
² Tianjin University of Commerce, Tianjin, China.
³ Qingdao City University, Qingdao, China.
⁴ Shenandoah University, Winchester, VA, United States.

Abstract

This paper examines the effects of the COVID-19 pandemic (measured by total cases and deaths per 100K people) on the early-stage entrepreneurship activity (measured by the Kauffman Early-Stage Entrepreneurship indicators) in the United States. The empirical analyses are based on the panel dataset of 51 States between 2020 and 2021. The findings show that the COVID-19 pandemic negatively affects early-stage entrepreneurship activity. Further analyses indicate the positive impact of the COVID-19 pandemic on the startup's early survival rate. However, new entrepreneurs' rate and opportunity share are negatively affected by the COVID-19 pandemic. Implications for the post-COVID-19 era are also discussed.

Keywords: COVID-19 pandemic; early-stage entrepreneurship activity; entrepreneurship; pandemic; startup's early survival rate.

Publication types

Research Support, Non-U.S. Gov't

MeSH terms

COVID-19* / epidemiology
Entrepreneurship*
Humans
Pandemics
United States / epidemiology