Psychological factors explaining Ukrainian refugee entrepreneurs’ venture idea novelty

In this study we investigate the (relative) importance of four psychological factors previously identify as important for entrepreneurship in adversity. Specifically, we investigate the importance of personal initiative, individual resilience, entrepreneurial self-efficacy and crisis self-efficacy for new venture novelty among Ukrainian refugee entrepreneurs arriving in Denmark in 2022 early after the Russian invasion. We identify and surveyed a sample of Ukrainian refugee entrepreneurs through Google's training program labelled ‘WeStart for Ukrainians’. We found that crisis self-efficacy seems to be the most important psychological factor explaining new venture novelty among refugee entrepreneurs.