Abstract: Lebanon, a nation plagued by persistent crises, has witnessed a profound impact on its entrepreneurial landscape, particularly within the innovation ecosystem. This study delves into the repercussions of the country's financial crisis on entrepreneurs. Drawing on data and extensive research, we examine the shifts in financial behavior, budgeting, spending, and saving patterns among entrepreneurs in the wake of these crises.
The financial turmoil in Lebanon has led to a significant reduction in annual investments in local startups, triggering a mass exodus of startups relocating abroad. The economic and political instability, compounded by the COVID-19 pandemic and the Beirut port explosion, have left small businesses and entrepreneurs struggling for survival. Nevertheless, Lebanese entrepreneurs have displayed resilience and adaptability in the face of adversity.....
Key words: Lebanese crisis, Entrepreneurial behavior, Financial behavior, Small and medium-sized enterprises (SMEs), Financial literacy, Economic instability, Crisis impact, Financial decision-making, Financial resilience, Entrepreneurship in Lebanon