IDEAS home Printed from https://ideas.repec.org/a/plo/pone00/0282993.html

A group decision making method with preference analysis to re-build the Global Entrepreneurship Index

Author

Listed:
  • Caixiang Chen
  • Shiliang Mo
  • Jinling Zhao

Abstract

This study proposes a group decision making (GDM) method with preference analysis to re-build the Global Entrepreneurship Index (GEI). Specifically, a single decision maker is firstly identified using a specified individual judgement about the importance order of three sub-indices of the GEI. A preliminary group decision matrix is constructed in terms of taking all possible individual judgments into account. Then the analysis of the preferential differences and preferential priorities with respect to the preliminary group decision matrix is conducted to obtain a revised group decision matrix, in which preferential differences calculate the weighted differences as the degrees of differences among different alternatives for each decision maker, preferential priorities describe the favorite ranking of alternatives for each decision maker. Finally, we employ the Stochastic Multicriteria Acceptability Analysis for group decision-making (SMAA-2) to create the holistic acceptability indices for measuring the entrepreneurship performance. In addition, a satisfaction index is developed to indicate the merits of proposed GDM method. A case study using the GEI-2019 of 19 G20 countries is carried out to validate our GDM method.

Suggested Citation

  • Caixiang Chen & Shiliang Mo & Jinling Zhao, 2023. "A group decision making method with preference analysis to re-build the Global Entrepreneurship Index," PLOS ONE, Public Library of Science, vol. 18(4), pages 1-19, April.
    • Handle: RePEc:plo:pone00:0282993
    DOI: 10.1371/journal.pone.0282993
    as

    Download full text from publisher

    File URL: https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0282993
    Download Restriction: no
    File URL: https://journals.plos.org/plosone/article/file?id=10.1371/journal.pone.0282993&type=printable
    Download Restriction: no
    File URL: https://libkey.io/10.1371/journal.pone.0282993?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Kai Du & Allan O’Connor, 2018. "Entrepreneurship and advancing national level economic efficiency," Small Business Economics, Springer, vol. 50(1), pages 91-111, January.
    2. Yeu-Shiang Huang & Wei-Hao Li, 2012. "A Study on Aggregation of TOPSIS Ideal Solutions for Group Decision-Making," Group Decision and Negotiation, Springer, vol. 21(4), pages 461-473, July.
    3. Huang, Yeu-Shiang & Chang, Wei-Chen & Li, Wei-Hao & Lin, Zu-Liang, 2013. "Aggregation of utility-based individual preferences for group decision-making," European Journal of Operational Research, Elsevier, vol. 229(2), pages 462-469.
    4. Yang Ding & Yelin Fu & Kin Keung Lai & W. K. John Leung, 2018. "Using Ranked Weights and Acceptability Analysis to Construct Composite Indicators: A Case Study of Regional Sustainable Society Index," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 139(3), pages 871-885, October.
    5. Zoltan Acs & Sameeksha Desai & Jolanda Hessels, 2008. "Entrepreneurship, economic development and institutions," Small Business Economics, Springer, vol. 31(3), pages 219-234, October.
    6. Fu, Yelin & Lai, Kin Keung & Yu, Lean, 2021. "Multi-nation comparisons of energy architecture performance: A group decision-making method with preference structure and acceptability analysis," Energy Economics, Elsevier, vol. 96(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yu, Yinyun & Li, Congdong & Fu, Yelin & Yang, Weiming, 2023. "A group decision-making method to measure national energy architecture performance: A case study of the International energy Agency," Applied Energy, Elsevier, vol. 330(PA).
    2. Fu, Yelin & Lai, Kin Keung & Yu, Lean, 2021. "Multi-nation comparisons of energy architecture performance: A group decision-making method with preference structure and acceptability analysis," Energy Economics, Elsevier, vol. 96(C).
    3. Gaies, Brahim & Vesci, Massimiliano & Crudele, Chiara & Calabrò, Andrea & Maalaoui, Adnane, 2025. "How does institutional quality influence opportunity entrepreneurship? A panel data analysis of OECD countries," Journal of Business Research, Elsevier, vol. 192(C).
    4. Wenyi Zeng & Deqing Li & Peizhuang Wang, 2016. "Variable Weight Decision Making and Balance Function Analysis Based on Factor Space," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 15(05), pages 999-1014, September.
    5. Ali, Abdul & Kelley, Donna J. & Levie, Jonathan, 2020. "Market-driven entrepreneurship and institutions," Journal of Business Research, Elsevier, vol. 113(C), pages 117-128.
    6. Rodrigues Brás Gonçalo & Soukiazis Elias, 2019. "The Determinants of Entrepreneurship at the Country Level: A Panel Data Approach," Entrepreneurship Research Journal, De Gruyter, vol. 9(4), pages 1-17, October.
    7. Edwards, Chase J. & Bendickson, Joshua S. & Baker, Brent L. & Solomon, Shelby J., 2020. "Entrepreneurship within the history of marketing," Journal of Business Research, Elsevier, vol. 108(C), pages 259-267.
    8. Aparicio, Sebastian & Urbano, David & Audretsch, David, 2016. "Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence," Technological Forecasting and Social Change, Elsevier, vol. 102(C), pages 45-61.
    9. Helena Marques, 2017. "Gender, entrepreneurship and development: which policies matter?," Development Policy Review, Overseas Development Institute, vol. 35(2), pages 197-228, January.
    10. Mariana Pita & Joana Costa & António Carrizo Moreira, 2021. "Entrepreneurial Ecosystems and Entrepreneurial Initiative: Building a Multi-Country Taxonomy," Sustainability, MDPI, vol. 13(7), pages 1-26, April.
    11. Sameeksha Desai & Johan E. Eklund & Emma Lappi, 2020. "Entry Regulation and Persistence of Profits in Incumbent Firms," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 57(3), pages 537-558, November.
    12. Albert Tchey Agbenyegah, 2019. "A Comparative Study of Rural Entrepreneurial Challenges: Towards Rural Economic Development and a Policy Framework," Journal of Economics and Behavioral Studies, AMH International, vol. 11(3), pages 58-71.
    13. Chong Kyoon Lee & Griffin W. Cottle & Sharon A. Simmons & Johan Wiklund, 2021. "Fear not, want not: Untangling the effects of social cost of failure on high-growth entrepreneurship," Small Business Economics, Springer, vol. 57(1), pages 531-553, June.
    14. Galina Shirokova & Nailya Galieva & Joshua V. White & Diana Doktorova, 2024. "Narcissism, workaholism, family support and new venture performance: a moderated mediation model," Small Business Economics, Springer, vol. 63(1), pages 379-419, June.
    15. Mohsen Mohammadi Khyareh & Nasrin Rostami, 2022. "Macroeconomic Conditions, Innovation and Competitiveness," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(2), pages 1321-1340, June.
    16. Emanuel Wittberg & Gissur Ó. Erlingsson & Karl Wennberg, 2024. "Does local government corruption inhibit entrepreneurship?," Small Business Economics, Springer, vol. 62(2), pages 775-806, February.
    17. Souksavanh VIXATHEP, 2017. "Entrepreneurship, Human and Social Capital, and Government Policy in Small and Medium Enterprise Development in Laos," Japan Social Innovation Journal, University of Hyogo Institute for Policy Analysis and Social Innovation, vol. 7(1), pages 1-33, March.
    18. Rodrigo Barbosa & Mayara Barbosa & Amalia Raquel Pérez-Nebra & Esther Villajos & Fernando González-Ladrón-de-Guevara, 2025. "A half-century perspective of entrepreneur’s well-being: comparing academic and global entrepreneurship monitor trends," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-15, December.
    19. Eric Yaw Naminse & Jincai Zhuang, 2018. "Does farmer entrepreneurship alleviate rural poverty in China? Evidence from Guangxi Province," PLOS ONE, Public Library of Science, vol. 13(3), pages 1-18, March.
    20. Fadil Sahiti, 2021. "Institutions and entrepreneurial activity: a comparative analysis of Kosovo and other economies," Journal of Entrepreneurship and Public Policy, Emerald Group Publishing Limited, vol. 10(1), pages 98-119, February.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:plo:pone00:0282993. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: plosone (email available below). General contact details of provider: https://journals.plos.org/plosone/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.