Predicting the Entrepreneurial Behaviour of Starting Up a New Company: A Regional Study Using PLS-SEM and Data from the Global Entrepreneurship Monitor

José Alberto Martínez-González, Carmen Dolores Álvarez-Albelo, Javier Mendoza-Jiménez and Urszula Kobylinska
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José Alberto Martínez-González: Department of Business Management and Economic History, Faculty of Economics, Business and Tourism, Universidad de La Laguna, 38200 Santa Cruz de Tenerife, Spain
Carmen Dolores Álvarez-Albelo: Department of Economics, Accounting and Finance, Faculty of Economics, Business and Tourism, Universidad de La Laguna, 38200 San Cristóbal de La Laguna, Spain
Javier Mendoza-Jiménez: Department of Business Management and Economic History, Faculty of Economics, Business and Tourism, Universidad de La Laguna, 38200 Santa Cruz de Tenerife, Spain
Urszula Kobylinska: Faculty of Engineering Management, Bialystok University of Technology, 15-351 Bialystok, Poland

Mathematics, 2022, vol. 10, issue 5, 1-25

Abstract: It is essential to understand the variables that explain and predict the behaviour of starting up a new company in a regional context. This study aims to analyse the theoretical basis and predictive potential of the Global Entrepreneurship Monitor (GEM) data, considering the concerns and suggestions of other authors. In addition to an extensive literature review, a PLS-SEM methodology and data on variables and countries from the latest GEM report are used in this study. The results show that GEM reports have a sufficient theoretical foundation for quality studies in this field. In addition, a valid and reliable causal model is designed that includes all personal and contextual GEM variables. The hypotheses of the proposed model are based on the existing causal relationships in the literature, using GEM data in its formulation. The model is comprehensive and practical because it significantly predicts entrepreneurial behaviour, particularly entrepreneurial intention and action. The usefulness of this study is high, both for researchers, practitioners and institutions wishing to understand better and further promote entrepreneurial behaviour at a regional (country) level.

Keywords: Global Entrepreneurship Monitor; entrepreneurial behaviour; entrepreneurial intention; contextual variables of entrepreneurship; personal variables of entrepreneurship; regional entrepreneurship (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2022
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