Formal Institutional Factors Influencing the Entrepreneurial Intent in Quindío, Colombia

Edwin Tarapuez (), Beatriz Guzman-Diaz () and Ramiro Parra-Hernandez ()
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Edwin Tarapuez: Universidad del Quindío, Armenia, Colombia
Beatriz Guzman-Diaz: Universidad del Quindío, Armenia, Colombia
Ramiro Parra-Hernandez: Universidad del Quindío, Armenia, Colombia

No 005ET, Proceedings of the 14th International RAIS Conference, August 19-20, 2019 from Research Association for Interdisciplinary Studies

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 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2019-08
New Economics Papers: this item is included in nep-ent
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Published in Proceedings of the 14th International RAIS Conference on Social Sciences and Humanities, August 19-20,2019, pages 25-32

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