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Formal Institutional Factors Influencing the Entrepreneurial Intent in Quindío, Colombia

Author

Listed:
  • Edwin Tarapuez

    (Universidad del Quindío, Armenia, Colombia)

  • Beatriz Guzman-Diaz

    (Universidad del Quindío, Armenia, Colombia)

  • Ramiro Parra-Hernandez

    (Universidad del Quindío, Armenia, Colombia)

Abstract

The objective of this research is to analyze the formal institutional framework that influences the intention to create companies in the department of Quindío, Colombia. The study is descriptive and uses the transversal-nature non-experimental methodology. According to the structure of the project and the type of information collected, the research is mixed natured. This work involves obtaining information from two groups of sources that were chosen by convenience: fourteen public and private institutions connected to entrepreneurship in the region, to which a semi-structured questionnaire was applied, and four experts on entrepreneurship on whom an unstructured interview was applied. The research uses the theoretical institutional framework proposed by Douglas North as regards formal institutions. The findings conclude that the works by the different formal entities that support entrepreneurship in Quindío is disperse and that they are not articulated in a specialized and collaborative work scheme that fosters the achievement of a common goal to generate a positive impact of greater magnitude at the departmental level.

Suggested Citation

  • Edwin Tarapuez & Beatriz Guzman-Diaz & Ramiro Parra-Hernandez, 2019. "Formal Institutional Factors Influencing the Entrepreneurial Intent in Quindío, Colombia," Proceedings of the 14th International RAIS Conference, August 19-20, 2019 005ET, Research Association for Interdisciplinary Studies.
    • Handle: RePEc:smo:epaper:005et
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    References listed on IDEAS

    as
    1. Francisco Linan & Alain Fayolle, 2015. "A systematic literature review on entrepreneurial intentions : citation, thematic analyses, and research agenda," Post-Print hal-02313298, HAL.
    2. Douglass C. North, 2000. "La evolución histórica de las formas de gobierno," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 2(2), pages 133-148, January-J.
    3. Jairo J. Parada, 2003. "Economía Institucional Original y Nueva Economía Institucional: semejanzas y diferencias," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 5(8), pages 92-116, January-J.
    4. Ha-Joon Chang, 2006. "La relación entre las instituciones y el desarrollo económico. Problemas teóricos claves," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 8(14), pages 125-136, January-J.
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    Keywords

    Douglas North; entrepreneurial intent; entrepreneurship; institutionalism;
    All these keywords.

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