Building a Statistical System on Entrepreneurship: a Theoretical Framework

Congregado, Emilio; Golpe, Antonio A.; Millán, José María; Román, Concepción

doi:10.1007/978-0-387-72288-7_16

Cited by 6 publications

(4 citation statements)

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“…While some authors focus on definition, data and measurement issues (e.g. Congregado et al, 2008;Davis, 2008;Parker, 2008), others investigate the controversial relationship between entrepreneurship and economic performance (e.g. Porter, 1990;Baumol, 1990Baumol, , 1993Wong et al, 2005;van Stel et al 2005;van Praag and Versloot, 2007), and other ones seek to disentangle its determinants (for instance : Storey, 1991;Verheul et al, 2002;Freytag and Thurik, 2007;Grilo and Thurik, 2008;Barreneche García, 2014).…”

Section: Introductionmentioning

confidence: 99%

Bank market power and firm creation: a multi-country analysis

Agostino

Trivieri

2016

Journal of Small Business and Enterprise Development

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Purpose – The purpose of this paper is to investigate the relationship between bank market power and firm creation, which represents a debated issue in the economic literature, still lacking empirical evidence. Design/methodology/approach – The analysis is carried out by taking an international perspective, using different measures of banking competition, and controlling for a large set of determinants suggested by the variegate literature on firms’ birth drivers. Findings – The main finding suggests that credit market competition may benefit firms’ creation, as the relationship between the latter and bank market power – when statistically significant – appears to be negative. In addition, the detrimental impact of market power appears greater (in absolute terms) when departing from higher levels of banking competition. Research limitations/implications – The empirical evidence seems supporting the competitive position in the debate on the role of banking competition. Furthermore, the authors reckon that the findings reinforce the belief of a crucial role played by the availability of funds for nascent firms, with evident implications for the policy strategies more appropriate to foster entrepreneurship. The “fashion” followed by several countries of lowering administrative entry barriers (van Stel et al., 2007) needs to be reappraised, pondering also means to enrich resources availability. Originality/value – To the best of the knowledge, the paper is the first one addressing the issue of the role of bank market structure on firms’ creation in a multi-country setting.

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Section: Introductionmentioning

confidence: 99%

Bank market power and firm creation: a multi-country analysis

Agostino

Trivieri

2016

Journal of Small Business and Enterprise Development

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“…The coloured map indicates that countries in North America, West Europe and Australia are leading when it comes to the entrepreneurial ecosystem quality. In these countries, entrepreneurship is supported by the government, and the individuals are motivated to be creative, take risks and become entrepreneurs [50]. Other countries covered by the GEI should be aware that there is a place for further improvement in the entrepreneurial ecosystem, that policies should be changed accordingly, that more support should be provided to the youth and entrepreneurs, internationalisation, and that education on entrepreneurship should be included in high school and university education [51].…”

Section: Discussionmentioning

confidence: 99%

Using Indicators of Entrepreneurial Ecosystem Quality for Segmenting Countries: A Biclustering Approach

Rajkovic,

Maricic,

Andjelic

et al. 2023

Proceedings of the 5th International Conference on Statistics: Theory and Applications

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The term entrepreneurial ecosystem emerged in the 1980s and 1990s and stands on the premise that entrepreneurship should be observed and studied through the perspective that incorporates the role of social, cultural and economic forces. A rich entrepreneurial ecosystem has been described as one with a strong entrepreneurial culture and supportive public policies, which leads to the creation of a socio-economic system that supports the creation and growth of new ventures. Policymakers and decision-makers were in need of quantifying the quality of the entrepreneurial ecosystem. Their need led to the development of different metrics and approaches. The first direction proposes using individual indicators. However, contemporary literature suggests that individual indicators cannot measure the complexity of the entrepreneurial ecosystem. As a remedy, multidimensional approaches, such as composite indicators, were proposed. So far, several composite indexes related to entrepreneurship have been proposed, whereas the Global Entrepreneurship Index (GEI) stands out for its methodology and continued publication. The research question of this study is how countries can be segmented based on the quality of the entrepreneurial ecosystem measured by the GEI. The statistical analysis used to answer the research question is biclustering, while the specific algorithm is a variant of the Xmotif biclustering. The data on which the analysis was conducted was for the year 2018. It is believed that the obtained results could shed light on two aspects. First, the results could show whether there is a need to collect data for 14 pillars or whether the structure of the GEI can be simplified. Second, the results could yield information on how the observed 137 countries can be grouped. The presented research could act as a driver of further research on composite metrics in the field of entrepreneurship, on the GEI, as well as the application of advanced statistical methods for segmentation analysis.

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“…The search for indicators and even the articulation of specific statistics has become crucial in order to make progress in the applied research as well as to design, implement, and assess the various measurements of public intervention (Congregado, 2008). We should also consider the fact that entrepreneurship exhibits different stages of development among national economies.…”

Section: Theory Background and Hypothesis Developmentmentioning

confidence: 99%