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Nations of Entrepreneurs: A Legitimacy Perspective

In: New Challenges in Entrepreneurship and Finance

Author

Listed:
  • Ana Cruz-Suárez

    (Rey Juan Carlos University and European Academy of Management and Business Economics (AEDEM))

  • Camilo Prado-Román

    (Rey Juan Carlos University and European Academy of Management and Business Economics (AEDEM))

  • Sandra Escamilla-Solano

    (Rey Juan Carlos University and European Academy of Management and Business Economics (AEDEM))

Abstract

One of the objectives of any country is to improve its economy by encouraging entrepreneurial activity. To that end, states, as well as companies, must create an image of viability and legitimacy before being able to receive any support. This study suggests that a country with greater legitimacy will obtain higher entrepreneurial activity, which will be moderated by the risk perceived by entrepreneurs. Through a research carried out on the eight most populated countries of the Eurozone, the existence of a positive trend between countries’ legitimacy and their entrepreneurial activity is presented. Likewise, the study indicates that the risk perceived by the entrepreneurs has a negative relation with respect to countries’ legitimacy.

Suggested Citation

  • Ana Cruz-Suárez & Camilo Prado-Román & Sandra Escamilla-Solano, 2015. "Nations of Entrepreneurs: A Legitimacy Perspective," Springer Books, in: Marta Peris-Ortiz & Jean-Michel Sahut (ed.), New Challenges in Entrepreneurship and Finance, edition 127, chapter 0, pages 157-168, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-08888-4_11
    DOI: 10.1007/978-3-319-08888-4_11
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