THE ROLE OF THE ENTREPRENEUR IN NEW TECHNOLOGY-BASED FIRMS (NTBFs): AN ANALYSIS ACCORDING TO CONTEXT DEVELOPMENT

Guillermo Andrés ZAPATA Huamaní, Sara Fernández-López, Isabel NEIRA Gómez and Lucía REY Ares

Regional and Sectoral Economic Studies, 2017, vol. 17, issue 2, 25-42

Abstract: The importance of New Technology-Based Firms’ (NTBFs) contribution to economic growth makes it necessary to understand the factors that condition their emergence. We use a logit model to measure the effect of individual characteristics of the entrepreneurial population on NTBF creation. The analysis is performed at global level, using the GEM database and distinguishing three groups of countries based on the country’s development level (factor-, efficiency- and innovation-driven economies). Being under 35 years of age, having studied beyond secondary school, having work experience, knowing an entrepreneur personally and believing one has the ability to be an entrepreneur are factors with a positive and significant influence on technological entrepreneurship (TE). The results are similar independently of the context in which they were analysed. However, setting up NTBFs is more complex in factor-driven economies.

Keywords: New Technology-Based Firms (NTBFs); Technological Entrepreneurship (TE); individual determinants; economic development. (search for similar items in EconPapers)
JEL-codes: L26 M13 O32 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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