Nations of Entrepreneurs: A Legitimacy Perspective

Ana Cruz-Suárez, Camilo Prado-Roman (cpradoroman@gmail.com) and Sandra Escamilla-Solano
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Ana Cruz-Suárez: Rey Juan Carlos University and European Academy of Management and Business Economics (AEDEM)
Sandra Escamilla-Solano: Rey Juan Carlos University and European Academy of Management and Business Economics (AEDEM)

Chapter Chapter 11 in New Challenges in Entrepreneurship and Finance, 2015, pp 157-168 from Springer

Abstract: Abstract One of the objectives of any country is to improve its economy by encouraging entrepreneurial activity. To that end, states, as well as companies, must create an image of viability and legitimacy before being able to receive any support. This study suggests that a country with greater legitimacy will obtain higher entrepreneurial activity, which will be moderated by the risk perceived by entrepreneurs. Through a research carried out on the eight most populated countries of the Eurozone, the existence of a positive trend between countries’ legitimacy and their entrepreneurial activity is presented. Likewise, the study indicates that the risk perceived by the entrepreneurs has a negative relation with respect to countries’ legitimacy.

Keywords: Entrepreneurial Activity; Institutional Environment; Institutional Context; Institutional Theory; Global Entrepreneurship Monitor (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-08888-4_11

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DOI: 10.1007/978-3-319-08888-4_11

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