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Impact of high‐growth start‐ups on entrepreneurial environment based on the level of national economic development

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  • Salustiano Martínez‐Fierro
  • José María Biedma‐Ferrer
  • José Ruiz‐Navarro

Abstract

In this paper, we examine the relationship between the conditions of the entrepreneurial environment and high‐potential entrepreneurship according to the stage of economic development of the country. A structural equation model was designed based on data from the Global Entrepreneurship Monitor project, which contains information about 62 countries. Our results suggest that economic development and high‐potential entrepreneurship have a greater impact on the entrepreneurial ecosystem than entrepreneurial activity in general—with special effects on government programs, R&D transfer, and access to the domestic market. Notably, the level of influence of sustainable economic development and high‐potential entrepreneurship depends on the level of economic development of the country.

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  • Salustiano Martínez‐Fierro & José María Biedma‐Ferrer & José Ruiz‐Navarro, 2020. "Impact of high‐growth start‐ups on entrepreneurial environment based on the level of national economic development," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1007-1020, March.
    • Handle: RePEc:bla:bstrat:v:29:y:2020:i:3:p:1007-1020
    DOI: 10.1002/bse.2413
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