Panta Rhei! Disentangling the temporal dynamics of nascent and future entrepreneurship

Brahim Gaies (), Massimiliano Vesci (), Chiara Crudele, Andrea Calabrò () and Adnane Maalaoui ()
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Brahim Gaies: IPAG Lab, IPAG Business School
Massimiliano Vesci: Department of Business Sciences– Management and Innovation Systems, University of Salerno
Chiara Crudele: Department of Business Sciences– Management and Innovation Systems, University of Salerno
Andrea Calabrò: IPAG Lab, IPAG Business School
Adnane Maalaoui: IPAG Lab, IPAG Business School

International Entrepreneurship and Management Journal, 2025, vol. 21, issue 1, No 5, 46 pages

Abstract: Abstract Stemming from entrepreneurship capital and role model theories, this study aims at advancing the knowledge on the temporal persistence of nascent entrepreneurship at country level, enlarging the applicability of the theories to a macro level of analysis. This article directly establishes relationships with the new venture creation process in the long run, empirically performing a panel data analysis on the Global Entrepreneurship Monitor dataset (2002–2019) to study nascent entrepreneurship determinants in 35 OECD countries, also investigating relationships towards opportunity versus necessity driven motives. The main findings suggest that the entrepreneurship capital of a nation together with the role model effect tend to be an enduring condition, supporting the overall self-reinforcing nature of nascent entrepreneurship over time. Furthermore, such positive dynamic remains strongly significant controlling both for aggregate and perceptual determinants.The work advances on the narrow literature on the temporal dynamic of nascent entrepreneurship, trying to disentangle the forces behind its persistence. The study highlights new insight on the country level determinants of nascent entrepreneurship offering a framework in which the entrepreneurship capital strongly account for its temporal, self-reinforcing nature.

Keywords: Entrepreneurship Capital; Role Models; Opportunity entrepreneurship; Necessity Entrepreneurship; Panel data; Global Entrepreneurshp Monitor (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s11365-024-01029-6

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