Influence of the economic cycle on the determinants of nascent entrepreneurial activity. An empirical analysis of the Spanish case
This paper explores the contribution of a selection of elements representative of human capital and perception as determinants of entrepreneurship in different stages of the economic cycle. The results confirm the significance of self efficacy, the perception of opportunities, and the fear of failur...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
AECR
2013-01-01
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| Series: | Investigaciones Regionales - Journal of Regional Research |
| Subjects: | |
| Online Access: | http://www.aecr.org/images/ImatgesArticles/2013/10/2Martinez.pdf |
| _version_ | 1818219065315950592 |
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| author | Jesús Martínez Mateo Ignacio Mira Solves José M.ª Gómez Gras |
| author_facet | Jesús Martínez Mateo Ignacio Mira Solves José M.ª Gómez Gras |
| author_sort | Jesús Martínez Mateo |
| collection | DOAJ |
| description | This paper explores the contribution of a selection of elements representative of human capital and perception as determinants of entrepreneurship in different stages of the economic cycle. The results confirm the significance of self efficacy, the perception of opportunities, and the fear of failure, and highlight the importance of personal knowledge of entrepreneurs. They remain influential in different economic times in which their analyses have been replicated, although some differences are felt that point to, in contraction periods, a loss of influence of the confidence in one’s own abilities, compared to an increase in the case of judgment on the existence of opportunities in the environment, and in the case of the presence of entrepreneurs in the surrounding context. In contrast, the behavior of the fear of failure, as a barrier to entrepreneurship, remains unchanged in an adverse context with respect to a positive context due to reduced opportunity costs. |
| first_indexed | 2024-12-12T07:33:44Z |
| format | Article |
| id | doaj.art-0a37dba2155740f89b36bccf5ee1347f |
| institution | Directory Open Access Journal |
| issn | 1695-7253 |
| language | English |
| last_indexed | 2024-12-12T07:33:44Z |
| publishDate | 2013-01-01 |
| publisher | AECR |
| record_format | Article |
| series | Investigaciones Regionales - Journal of Regional Research |
| spelling | doaj.art-0a37dba2155740f89b36bccf5ee1347f2022-12-22T00:32:57ZengAECRInvestigaciones Regionales - Journal of Regional Research1695-72532013-01-01261945Influence of the economic cycle on the determinants of nascent entrepreneurial activity. An empirical analysis of the Spanish caseJesús Martínez MateoIgnacio Mira SolvesJosé M.ª Gómez GrasThis paper explores the contribution of a selection of elements representative of human capital and perception as determinants of entrepreneurship in different stages of the economic cycle. The results confirm the significance of self efficacy, the perception of opportunities, and the fear of failure, and highlight the importance of personal knowledge of entrepreneurs. They remain influential in different economic times in which their analyses have been replicated, although some differences are felt that point to, in contraction periods, a loss of influence of the confidence in one’s own abilities, compared to an increase in the case of judgment on the existence of opportunities in the environment, and in the case of the presence of entrepreneurs in the surrounding context. In contrast, the behavior of the fear of failure, as a barrier to entrepreneurship, remains unchanged in an adverse context with respect to a positive context due to reduced opportunity costs.http://www.aecr.org/images/ImatgesArticles/2013/10/2Martinez.pdfGEMdeterminantsentrepreneurshipnascent entrepreneursperceptionsenvironmenteconomic cycle |
| spellingShingle | Jesús Martínez Mateo Ignacio Mira Solves José M.ª Gómez Gras Influence of the economic cycle on the determinants of nascent entrepreneurial activity. An empirical analysis of the Spanish case Investigaciones Regionales - Journal of Regional Research GEM determinants entrepreneurship nascent entrepreneurs perceptions environment economic cycle |
| title | Influence of the economic cycle on the determinants of nascent entrepreneurial activity. An empirical analysis of the Spanish case |
| title_full | Influence of the economic cycle on the determinants of nascent entrepreneurial activity. An empirical analysis of the Spanish case |
| title_fullStr | Influence of the economic cycle on the determinants of nascent entrepreneurial activity. An empirical analysis of the Spanish case |
| title_full_unstemmed | Influence of the economic cycle on the determinants of nascent entrepreneurial activity. An empirical analysis of the Spanish case |
| title_short | Influence of the economic cycle on the determinants of nascent entrepreneurial activity. An empirical analysis of the Spanish case |
| title_sort | influence of the economic cycle on the determinants of nascent entrepreneurial activity an empirical analysis of the spanish case |
| topic | GEM determinants entrepreneurship nascent entrepreneurs perceptions environment economic cycle |
| url | http://www.aecr.org/images/ImatgesArticles/2013/10/2Martinez.pdf |
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