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The effect of social, cultural, and economic factors on entrepreneurship

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  • Castaño, María-Soledad
  • Méndez, María-Teresa
  • Galindo, Miguel-Ángel

Abstract

Current economic downturn encourages extensive research into economic growth engines, with entrepreneurship as one of the key drivers of growth. Although crucial, determining which variables stimulate entrepreneurial activity constitutes a difficult task due to interrelated factors. This study analyzes three groups of factors affecting entrepreneurship and entrepreneurs' perceptions of opportunity: social, cultural, and economic variables. Therefore, this study employs the partial least squares method for two groups of countries: (1) European countries, and (2) Latin-American and Caribbean countries. This approach identifies how these factors' effects differ across different countries.

Suggested Citation

  • Castaño, María-Soledad & Méndez, María-Teresa & Galindo, Miguel-Ángel, 2015. "The effect of social, cultural, and economic factors on entrepreneurship," Journal of Business Research, Elsevier, vol. 68(7), pages 1496-1500.
  • Handle: RePEc:eee:jbrese:v:68:y:2015:i:7:p:1496-1500
    DOI: 10.1016/j.jbusres.2015.01.040
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    11. Castaño, María-Soledad & Méndez, María-Teresa & Galindo, Miguel-Ángel, 2016. "Innovation, internationalization and business-growth expectations among entrepreneurs in the services sector," Journal of Business Research, Elsevier, vol. 69(5), pages 1690-1695.
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    15. G. Ribes-Giner & I. Moya-Clemente & R. Cervelló-Royo & M. R. Perello-Marin, 2019. "Wellbeing indicators affecting female entrepreneurship in OECD countries," Quality & Quantity: International Journal of Methodology, Springer, vol. 53(2), pages 915-933, March.
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    18. Pradhan, Rudra P. & Arvin, Mak B. & Nair, Mahendhiran & Bennett, Sara E., 2020. "The dynamics among entrepreneurship, innovation, and economic growth in the Eurozone countries," Journal of Policy Modeling, Elsevier, vol. 42(5), pages 1106-1122.
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