IDEAS home Printed from https://ideas.repec.org/a/spr/intemj/v17y2021i1d10.1007_s11365-019-00625-1.html
   My bibliography  Save this article

Do contextual factors influence entrepreneurship? Spain’s regional evidences

Author

Listed:
  • Josefina Novejarque Civera

    (ESIC Business & Marketing School)

  • Mabel Pisá Bó

    (ESIC Business & Marketing School)

  • José Fernando López-Muñoz

    (ESIC Business & Marketing School)

Abstract

This paper examines the socioeconomical forces influencing entrepreneurial activity at both the regional and country level in Spain during the period from 2000 to 2017. Using institutional data, we find significant differences in new firm formation rates by regions. Such variations in firm birth rates are mainly explained by economic growth, unemployment, establishment size, and human capital. Moreover, human capital greatly determines the effect of research and development investment on new firm formation rates. As a result, our work enriches our knowledge of the socioeconomical drivers motivating entrepreneurial action.

Suggested Citation

  • Josefina Novejarque Civera & Mabel Pisá Bó & José Fernando López-Muñoz, 2021. "Do contextual factors influence entrepreneurship? Spain’s regional evidences," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 105-129, March.
    • Handle: RePEc:spr:intemj:v:17:y:2021:i:1:d:10.1007_s11365-019-00625-1
    DOI: 10.1007/s11365-019-00625-1
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11365-019-00625-1
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s11365-019-00625-1?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Michael Fritsch & David J. Storey, 2014. "Entrepreneurship in a Regional Context: Historical Roots, Recent Developments and Future Challenges," Regional Studies, Taylor & Francis Journals, vol. 48(6), pages 939-954, June.
    2. Zoltan J. Acs & Catherine Armington, 2008. "Employment Growth and Entrepreneurial Activity in Cities," Chapters, in: Entrepreneurship, Growth and Public Policy, chapter 25, pages 353-369, Edward Elgar Publishing.
    3. Mohnen, Pierre & Roller, Lars-Hendrik, 2005. "Complementarities in innovation policy," European Economic Review, Elsevier, vol. 49(6), pages 1431-1450, August.
    4. Paz Rico Belda & Bernardí Cabrer-Borrás, 2018. "Necessity and opportunity entrepreneurs: survival factors," International Entrepreneurship and Management Journal, Springer, vol. 14(2), pages 249-264, June.
    5. André Stel & Martin Carree & Roy Thurik, 2005. "The Effect of Entrepreneurial Activity on National Economic Growth," Small Business Economics, Springer, vol. 24(3), pages 311-321, February.
    6. William B. Gartner, 1988. "“Who Is an Entrepreneur?†Is the Wrong Question," Entrepreneurship Theory and Practice, , vol. 12(4), pages 11-32, April.
    7. Norris F. Krueger Jr. & Deborah V. Brazeal, 1994. "Entrepreneurial Potential and Potential Entrepreneurs," Entrepreneurship Theory and Practice, , vol. 18(3), pages 91-104, April.
    8. Maddala,G. S., 1986. "Limited-Dependent and Qualitative Variables in Econometrics," Cambridge Books, Cambridge University Press, number 9780521338257, September.
    9. Koen Frenken & Ron A. Boschma, 2007. "A theoretical framework for evolutionary economic geography: industrial dynamics and urban growth as a branching process," Journal of Economic Geography, Oxford University Press, vol. 7(5), pages 635-649, September.
    10. Acs,Zoltan J. & Armington,Catherine, 2011. "Entrepreneurship, Geography, and American Economic Growth," Cambridge Books, Cambridge University Press, number 9781107402539.
    11. Michael Fritsch & Pamela Mueller, 2008. "The effect of new business formation on regional development over time: the case of Germany," Small Business Economics, Springer, vol. 30(1), pages 15-29, January.
    12. Mark S. Freel, 1998. "Evolution, innovation and learning: evidence from case studies," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 10(2), pages 137-149, January.
    13. Sara Amoroso & David B. Audretsch & Albert N. Link, 2018. "Sources of knowledge used by entrepreneurial firms in the European high-tech sector," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 8(1), pages 55-70, March.
    14. Iyigun, Murat F & Owen, Ann L, 1998. "Risk, Entrepreneurship, and Human-Capital Accumulation," American Economic Review, American Economic Association, vol. 88(2), pages 454-457, May.
    15. Emiel L. Eijdenberg & Enno Masurel, 2013. "ENTREPRENEURIAL MOTIVATION IN A LEAST DEVELOPED COUNTRY: PUSH FACTORS AND PULL FACTORS AMONG MSEsIN UGANDA," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 21(01), pages 19-43.
    16. Erik Stam & Karl Wennberg, 2009. "The roles of R&D in new firm growth," Small Business Economics, Springer, vol. 33(1), pages 77-89, June.
    17. Sander Wennekers & André Stel & Roy Thurik & Paul Reynolds, 2008. "Nascent entrepreneurship and the level of economic development," Small Business Economics, Springer, vol. 30(3), pages 325-325, March.
    18. Dubini, Paola, 1989. "The influence of motivations and environment on business start-ups: Some hints for public policies," Journal of Business Venturing, Elsevier, vol. 4(1), pages 11-26, January.
    19. Sternberg, Rolf, 2009. "Regional Dimensions of Entrepreneurship," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 5(4), pages 211-340, May.
    20. Audretsch, David B. & Feldman, Maryann P., 2004. "Knowledge spillovers and the geography of innovation," Handbook of Regional and Urban Economics, in: J. V. Henderson & J. F. Thisse (ed.), Handbook of Regional and Urban Economics, edition 1, volume 4, chapter 61, pages 2713-2739, Elsevier.
    21. David Audretsch & Michael Fritsch, 2002. "Growth Regimes over Time and Space," Regional Studies, Taylor & Francis Journals, vol. 36(2), pages 113-124.
    22. Catherine Armington & Zoltan J. Acs, 2008. "The Determinants of Regional Variation in New Firm Formation," Chapters, in: Entrepreneurship, Growth and Public Policy, chapter 18, pages 224-243, Edward Elgar Publishing.
    23. Easterly, William, 2005. "What did structural adjustment adjust?: The association of policies and growth with repeated IMF and World Bank adjustment loans," Journal of Development Economics, Elsevier, vol. 76(1), pages 1-22, February.
    24. Baumol, William J., 1993. "Formal entrepreneurship theory in economics: Existence and bounds," Journal of Business Venturing, Elsevier, vol. 8(3), pages 197-210, May.
    25. David Audretsch & Max Keilbach, 2004. "Entrepreneurship and regional growth: an evolutionary interpretation," Journal of Evolutionary Economics, Springer, vol. 14(5), pages 605-616, December.
    26. André Stel & Kashifa Suddle, 2008. "The impact of new firm formation on regional development in the Netherlands," Small Business Economics, Springer, vol. 30(1), pages 31-47, January.
    27. Tomasz Skica & Teresa Mroczek & Małgorzata Leśniowska-Gontarz, 2019. "The impact of selected factors on new business formation in the private healthcare sector," International Entrepreneurship and Management Journal, Springer, vol. 15(1), pages 307-320, March.
    28. Simon C. Parker, 2005. "Explaining Regional Variations in Entrepreneurship as Multiple Occupational Equilibria," Journal of Regional Science, Wiley Blackwell, vol. 45(4), pages 829-850, November.
    29. David B. Audretsch & Albert N. Link, 2019. "Entrepreneurship and knowledge spillovers from the public sector," International Entrepreneurship and Management Journal, Springer, vol. 15(1), pages 195-208, March.
    30. Devi R. Gnyawali & Daniel S. Fogel, 1994. "Environments for Entrepreneurship Development: Key Dimensions and Research Implications," Entrepreneurship Theory and Practice, , vol. 18(4), pages 43-62, July.
    31. José Álvarez-García & Claudia Patricia Maldonado-Erazo & María de la Cruz Río-Rama & Paúl Oswaldo Sarango-Lalangui, 2018. "Entrepreneurship and Regional Development: Study of Academic Publications in Scientific Journals," Studies on Entrepreneurship, Structural Change and Industrial Dynamics, in: Luísa Cagica Carvalho & Conceição Rego & M.Raquel Lucas & M. Isabel Sánchez-Hernández & Adriana Back (ed.), Entrepreneurship and Structural Change in Dynamic Territories, pages 29-51, Springer.
    32. Pontus Braunerhjelm & Zoltán J. Ács & David B. Audretsch & Bo Carlsson, 2015. "The missing link: knowledge diffusion and entrepreneurship in endogenous growth," Chapters, in: Global Entrepreneurship, Institutions and Incentives, chapter 6, pages 108-128, Edward Elgar Publishing.
    33. Vaughn,Karen I., 1994. "Austrian Economics in America," Cambridge Books, Cambridge University Press, number 9780521445528, September.
    34. Jerome A. Katz, 1995. "Modelling Entrepreneurial Career Progressions: Concepts and Considerations," Entrepreneurship Theory and Practice, , vol. 19(2), pages 23-39, January.
    35. Michael Fritsch (ed.), 2011. "Handbook of Research on Entrepreneurship and Regional Development," Books, Edward Elgar Publishing, number 13399.
    36. Peretto, Pietro F., 1999. "Cost reduction, entry, and the interdependence of market structure and economic growth," Journal of Monetary Economics, Elsevier, vol. 43(1), pages 173-195, February.
    37. Aragon-Mendoza, Juan & del Val, Manuela Pardo & Roig-Dobón, Salvador, 2016. "The influence of institutions development in venture creation decision: A cognitive view," Journal of Business Research, Elsevier, vol. 69(11), pages 4941-4946.
    38. Ruta Aidis & Saul Estrin & Tomasz Mickiewicz, 2012. "Size matters: entrepreneurial entry and government," Small Business Economics, Springer, vol. 39(1), pages 119-139, July.
    39. Feldman, Maryann P, 2001. "The Entrepreneurial Event Revisited: Firm Formation in a Regional Context," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 10(4), pages 861-891, December.
    40. Paul A. Coomes & Jose Fernandez & Stephan F. Gohmann, 2013. "The Rate of Proprietorship Among Metropolitan Areas: The Impact of the Local Economic Environment and Capital Resources," Entrepreneurship Theory and Practice, , vol. 37(4), pages 745-770, July.
    41. Maribel Guerrero & Iñaki Peña-Legazkue, 2019. "Renascence after post-mortem: the choice of accelerated repeat entrepreneurship," Small Business Economics, Springer, vol. 52(1), pages 47-65, January.
    42. Niels Bosma & Rolf Sternberg, 2014. "Entrepreneurship as an Urban Event? Empirical Evidence from European Cities," Regional Studies, Taylor & Francis Journals, vol. 48(6), pages 1016-1033, June.
    43. Yannis Georgellis & Nicholas Tsitsianis & Ya Yin, 2009. "Personal Values as Mitigating Factors in the Link Between Income and Life Satisfaction: Evidence from the European Social Survey," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 91(3), pages 329-344, May.
    44. Davide Antonioli & Francesco Nicolli & Laura Ramaciotti & Ugo Rizzo, 2016. "The Effect of Intrinsic and Extrinsic Motivations on Academics’ Entrepreneurial Intention," Administrative Sciences, MDPI, vol. 6(4), pages 1-18, November.
    45. Minniti, Maria, 2009. "Gender Issues in Entrepreneurship," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 5(7–8), pages 497-621, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. José Alberto Martínez-González & Urszula Kobylinska & Desiderio Gutiérrez-Taño, 2021. "Exploring Personal and Contextual Variables of the Global Entrepreneurship Monitor through the Rasch Mathematical Model," Mathematics, MDPI, vol. 9(16), pages 1-23, August.
    2. Sebastian Aparicio & David Audretsch & David Urbano, 2022. "Governmental Support for Entrepreneurship in Spain: An Institutional Approach," Hacienda Pública Española / Review of Public Economics, IEF, vol. 243(4), pages 29-49, December.
    3. José Alberto Martínez-González & Carmen Dolores Álvarez-Albelo & Javier Mendoza-Jiménez & Urszula Kobylinska, 2022. "Predicting the Entrepreneurial Behaviour of Starting Up a New Company: A Regional Study Using PLS-SEM and Data from the Global Entrepreneurship Monitor," Mathematics, MDPI, vol. 10(5), pages 1-25, February.
    4. Cayetano Medina Molina & Domingo Ribeiro Soriano & Cristina Blanco González-Tejero, 2023. "Multi-level corporate entrepreneurship in SMEs: an intra-metropolitan analysis," Review of Managerial Science, Springer, vol. 17(7), pages 2185-2213, October.

    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. Mabel Pisá-Bó & José Fernando López-Muñoz & Josefina Novejarque-Civera, 2021. "The ever-changing socioeconomic conditions for entrepreneurship," International Entrepreneurship and Management Journal, Springer, vol. 17(3), pages 1335-1355, September.
    2. Heike Delfmann & Sierdjan Koster & Philip McCann & Jouke Van Dijk, 2014. "Population Change and New Firm Formation in Urban and Rural Regions," Regional Studies, Taylor & Francis Journals, vol. 48(6), pages 1034-1050, June.
    3. Alejandro Almeida & Antonio Golpe & Raquel Justo, 2021. "From hot to cold: A spatial analysis of self‐employment in the United States," Papers in Regional Science, Wiley Blackwell, vol. 100(4), pages 1005-1023, August.
    4. David Urbano & David Audretsch & Sebastian Aparicio & Maria Noguera, 2020. "Does entrepreneurial activity matter for economic growth in developing countries? The role of the institutional environment," International Entrepreneurship and Management Journal, Springer, vol. 16(3), pages 1065-1099, September.
    5. David Audretsch & Maksim Belitski & Sameeksha Desai, 2015. "Entrepreneurship and economic development in cities," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 55(1), pages 33-60, October.
    6. David Urbano & Sebastian Aparicio & David Audretsch, 2019. "Twenty-five years of research on institutions, entrepreneurship, and economic growth: what has been learned?," Small Business Economics, Springer, vol. 53(1), pages 21-49, June.
    7. Heike Delfmann, 2012. "Population change and new firm formation in urban and rural regions," ERSA conference papers ersa12p466, European Regional Science Association.
    8. Marcus Dejardin, 2011. "Linking net entry to regional economic growth," Small Business Economics, Springer, vol. 36(4), pages 443-460, May.
    9. Fritsch, Michael, 2013. "New Business Formation and Regional Development: A Survey and Assessment of the Evidence," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 9(3), pages 249-364, February.
    10. Ivano Dileo & Thaís García Pereiro, 2019. "Assessing the impact of individual and context factors on the entrepreneurial process. A cross-country multilevel approach," International Entrepreneurship and Management Journal, Springer, vol. 15(4), pages 1393-1441, December.
    11. Jean Bonnet & Sébastien Bourdin & Fatten Gazzah, 2017. "The entrepreuneurial context, a factor of Economic Growth in the Europe Union? A GWR analysis on the EU Regions," Working Papers halshs-01619798, HAL.
    12. Michael Fritsch, 2011. "The effect of new business formation on regional development - Empirical evidence, interpretation, and avenues for further research," Jena Economics Research Papers 2011-006, Friedrich-Schiller-University Jena.
    13. Ho, Sin Yu & Beri, Parfait Bihkongnyuy, 2024. "The impact of SME sector on economic growth in Africa," MPRA Paper 122552, University Library of Munich, Germany.
    14. Michael Fritsch, 2008. "How does new business formation affect regional development? Introduction to the special issue," Small Business Economics, Springer, vol. 30(1), pages 1-14, January.
    15. Niklas Elert, 2014. "What determines entry? Evidence from Sweden," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 53(1), pages 55-92, August.
    16. 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.
    17. Thomas Neumann, 2021. "The impact of entrepreneurship on economic, social and environmental welfare and its determinants: a systematic review," Management Review Quarterly, Springer, vol. 71(3), pages 553-584, July.
    18. Roberta Capello & Camilla Lenzi, 2016. "Innovation modes and entrepreneurial behavioral characteristics in regional growth," Small Business Economics, Springer, vol. 47(4), pages 875-893, December.
    19. del Olmo-García, Francisco & Domínguez-Fabián, Inmaculada & Crecente-Romero, Fernando Javier & del Val-Núñez, María Teresa, 2023. "Determinant factors for the development of rural entrepreneurship," Technological Forecasting and Social Change, Elsevier, vol. 191(C).
    20. Peter van der Zwan & Ingrid Verheul & Roy Thurik & Isabel Grilo, 2009. "Entrepreneurial Progress: Climbing the Entrepreneurial Ladder in Europe and the US," Tinbergen Institute Discussion Papers 09-070/3, Tinbergen Institute, revised 17 Mar 2010.

    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:spr:intemj:v:17:y:2021:i:1:d:10.1007_s11365-019-00625-1. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.