Assessing the impact of individual and context factors on the entrepreneurial process. A cross-country multilevel approach
| Autor: | Ivano Dileo, Thaís García Pereiro |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: |
Entrepreneurship
Multilevel models Public economics Corruption media_common.quotation_subject 05 social sciences Multilevel model Developing country New Ventures Entrepreneurial process Management Information Systems Management of Technology and Innovation Perception Entrepreneurship Individual and context variables Multilevel models 0502 economics and business 050211 marketing Business Individual and context variables Developed country 050203 business & management media_common |
| Popis: | This paper attempts to fill the gap on the existing entrepreneurship literature by empirically testing the influence of two groups of individual-level factors (socio-economic, demographic and perceptual characteristics) and two groups of country-level factors (both formal and informal institutional measures and macroeconomic variables) on three stages of the entrepreneurial process. We analyze the interplay between individual and context factors in nascent, young and established entrepreneurs across 49 different countries, mixing data from different sources and applying multilevel binary logistic regression models. Our results show that entrepreneurial activities are male headed, irrespectively of the entrepreneurial stage of their activities, and that highly-educated entrepreneurs are more oriented to start up new ventures. The existence of a wider network of people involved in entrepreneurship contributes to updating information on new markets and opportunities, leading to a more accurate entrepreneurial decision. The level of development of a country constitutes an important determinant of entrepreneurship but also moderates the relationship between entrepreneurship and institutional factors. In more developed countries, individual characteristics may be still determinant factors shaping the decision to become an entrepreneur, although their magnitude may depend on the stage of the entrepreneurial process. Finally, the key to entrepreneurship for both more and less developed countries seems to be their fiscal systems: a fair tax system that actively fights tax evasion and corruption seems to be essential to reducing the economic pressure associated with the creation and survival of ventures. |
| Databáze: | OpenAIRE |
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