Environmental Factors and Entrepreneurship in Spain: A Regional Comparison

22 Pages Posted: 23 Feb 2016

See all articles by Alicia Coduras

Alicia Coduras

Instituto de Empresa

Álvaro Rojas Vázquez

Universidad de Cádiz

Jose Ruiz-Navarro

Universidad de Cádiz

David Urbano

Autonomous University of Barcelona

Date Written: July 26, 2007

Abstract

Purpose – The main objective is to analyse the relationship between environmental factors and entrepreneurship in a regional Spanish level. The research is based on the GEM theoretical model and Institutional Economics is used as a theoretical framework.

Design/methodology/approach – GEM regional Spanish data is used in the empirical part of the study, using both univariable and multivariable techniques in the statistical analysis.

Findings – There exists a significant influence of the environmental factors in the total entrepreneurial early stage activity index (TEA) of the Spanish regions. This influence is summarized by two canonical functions that represent the institutional and the natural entrepreneurial framework conditions, which discriminate the 17 regional TEA in the four established groups with a goodness of fit higher than a 75%. The most influent variables are those that represent the expert evaluation over post secondary educational entrepreneurial orientation, over government policies referred to laws and bureaucracy and over the opportunities existence.

Research limitations/implications – The study is focused specifically on institutional factors. There is a need to distinguish in the future research, formal and informal environmental factors, to determine their effects on entrepreneurship.

Practical implications – The results of this paper open the door to new developments in the study of the influence of the framework conditions in undernational entrepreneurship level. Also, the methodology of this research could be useful for other countries to advance in the regional entrepreneurship studies with GEM data and to compare their obtained results.

Originality/value – The study provides a framework for analysing environmental factors to new firm creation in a regional level.

Keywords: Entrepreneurship, environmental factors, new business creation, regional analysis, GEM, Spain

JEL Classification: L26, M13

Suggested Citation

Coduras, Alicia and Rojas Vázquez, Álvaro and Ruiz-Navarro, Jose and Urbano, David, Environmental Factors and Entrepreneurship in Spain: A Regional Comparison (July 26, 2007). Available at SSRN: https://ssrn.com/abstract=2736343 or http://dx.doi.org/10.2139/ssrn.2736343

Alicia Coduras

Instituto de Empresa ( email )

C/ María de Molina, 13
Madrid, 28006
Spain

Álvaro Rojas Vázquez (Contact Author)

Universidad de Cádiz ( email )

Ancha, 16 - 11001
Cádiz
Spain

Jose Ruiz-Navarro

Universidad de Cádiz ( email )

Ancha, 16 - 11001
Cádiz
Spain

David Urbano

Autonomous University of Barcelona ( email )

Edifici B, Campus UAB
Bellaterra, Barcelona 08193
Spain
34935811209 (Phone)

HOME PAGE: http://www.davidurbano.eu

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