Does climate risk affect entrepreneurial growth aspirations? The moderating effects of gender and solo-founded ventures

This study examines the effect of climate risk on entrepreneurs’ growth aspirations (EGAs) between female and male entrepreneurs on the one hand and between solo and non-solo founders on the other. Drawing on data pertaining to 54,814 entrepreneurs across 48 countries and regions for the 2005–2016 period, we find that climate risk has a positive effect on EGAs and this effect is stronger for female entrepreneurs and non-solo founders. This study extends the consequences of climate risk to individual entrepreneurship, identifies climate risk as an antecedent of EGAs, and advances our knowledge of differences between female and male entrepreneurs and between solo and non-solo founders.