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The entrepreneur in the regional innovation system. A comparative study for high- and low-income regions

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  • José Fernández-Serrano
  • Juan A. Martínez-Román
  • Isidoro Romero

Abstract

This paper investigates the influence of entrepreneurs’ characteristics on innovation in regions with different levels of development. By doing so, this work seeks to contribute to a better understanding of the role of entrepreneurs in the functioning and performance of regional innovation systems. The influence of entrepreneurs’ personal characteristics and their perceptions of the business environment on firm innovation are investigated via a survey of companies carried out in six Spanish regions. The results allow the identifying of significant differences in the main determinants of innovation in the high-income regions and low-income regions studied. Entrepreneurs’ generalized trust stimulates innovation only in high-income regions, where necessity motivation has also a negative effect on innovation. Growth ambition seems to play a highly positive role only in the case of low-income regions. Human capital and infrastructure are perceived by the entrepreneurs as the main bottlenecks for innovation in low-income regions, whereas in the case of high-income regions the legal, fiscal and financial systems are considered the key institutional barriers. These differences in the entrepreneurial factor should be taken into account in order to design and implement policies to stimulate and foster innovation in different regional contexts.

Suggested Citation

  • José Fernández-Serrano & Juan A. Martínez-Román & Isidoro Romero, 2019. "The entrepreneur in the regional innovation system. A comparative study for high- and low-income regions," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 31(5-6), pages 337-356, May.
    • Handle: RePEc:taf:entreg:v:31:y:2019:i:5-6:p:337-356
    DOI: 10.1080/08985626.2018.1513079
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    Cited by:

    1. Rosado-Cubero, Ana & Hernández, Adolfo & Blanco Jiménez, Francisco José & Freire-Rubio, Teresa, 2023. "Promotion of entrepreneurship through business incubators: Regional analysis in Spain," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    2. Dorota Ciołek & Anna Golejewska, 2022. "Efficiency Determinants of Regional Innovation Systems in Polish Subregions," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 3, pages 24-45.

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