Do contextual factors influence entrepreneurship? Spain’s regional evidences

Josefina Novejarque Civera (), Mabel Pisá Bó () and José Fernando López-Muñoz ()
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Josefina Novejarque Civera: ESIC Business & Marketing School
Mabel Pisá Bó: ESIC Business & Marketing School
José Fernando López-Muñoz: ESIC Business & Marketing School

International Entrepreneurship and Management Journal, 2021, vol. 17, issue 1, No 6, 105-129

Abstract: Abstract This paper examines the socioeconomical forces influencing entrepreneurial activity at both the regional and country level in Spain during the period from 2000 to 2017. Using institutional data, we find significant differences in new firm formation rates by regions. Such variations in firm birth rates are mainly explained by economic growth, unemployment, establishment size, and human capital. Moreover, human capital greatly determines the effect of research and development investment on new firm formation rates. As a result, our work enriches our knowledge of the socioeconomical drivers motivating entrepreneurial action.

Keywords: Entrepreneurship; Environmental factors; Regions; Human capital (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (4)

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DOI: 10.1007/s11365-019-00625-1

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