Formal Institutional Factors Influencing the Entrepreneurial Intent in Quindío (Colombia)

8 Pages Posted: 27 Sep 2019

See all articles by Edwin Tarapuez

Edwin Tarapuez

Universidad del Quindío

Beatriz Guzmán

Universidad del Quindío

Ramiro Parra

Universidad del Quindío

Date Written: August 20, 2019

Abstract

The objective of this research is to analyze the formal institutional framework that influences the intention to create companies in the department of Quindío (Colombia). The study is descriptive and uses the transversal-nature non-experimental methodology. According to the structure of the project and the type of information collected, the research is mixed natured. This work involves obtaining information from two groups of sources that were chosen by convenience: fourteen public and private institutions connected to entrepreneurship in the region, to which a semi-structured questionnaire was applied, and four experts on entrepreneurship on whom an unstructured interview was applied. The research uses the theoretical institutional framework proposed by Douglas North as regards formal institutions. The findings conclude that the works by the different formal entities that support entrepreneurship in Quindío is disperse and that they are not articulated in a specialized and collaborative work scheme that fosters the achievement of a common goal to generate a positive impact of greater magnitude at the departmental level.

Keywords: Douglas North, entrepreneurial intent, entrepreneurship, institutionalism

Suggested Citation

Tarapuez, Edwin and Guzmán, Beatriz and Parra, Ramiro, Formal Institutional Factors Influencing the Entrepreneurial Intent in Quindío (Colombia) (August 20, 2019). RAIS Conference Proceedings - The 14th International RAIS Conference on Social Sciences and Humanities, Available at SSRN: https://ssrn.com/abstract=3459587 or http://dx.doi.org/10.2139/ssrn.3459587

Edwin Tarapuez

Universidad del Quindío ( email )

Armenia, Armenia
Colombia

Beatriz Guzmán (Contact Author)

Universidad del Quindío ( email )

Armenia, Armenia
Colombia

Ramiro Parra

Universidad del Quindío ( email )

Armenia, Armenia
Colombia

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