Entrepreneurial activity in an environment of digital transformation: an analysis of relevant factors in the euro area
Abstract The main feature of the current business reality is the speed of the changes in the environment and the uncertainty they generate. Among these changes, those which stand out for their importance are the ones related to the current digital revolution, which is changing, in a very short perio...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Springer Nature
2023-10-01
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| Series: | Humanities & Social Sciences Communications |
| Online Access: | https://doi.org/10.1057/s41599-023-02270-0 |
| _version_ | 1797259455327371264 |
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| author | Francisco del Olmo-García Fernando Javier Crecente-Romero María Teresa del Val-Núñez María Sarabia-Alegría |
| author_facet | Francisco del Olmo-García Fernando Javier Crecente-Romero María Teresa del Val-Núñez María Sarabia-Alegría |
| author_sort | Francisco del Olmo-García |
| collection | DOAJ |
| description | Abstract The main feature of the current business reality is the speed of the changes in the environment and the uncertainty they generate. Among these changes, those which stand out for their importance are the ones related to the current digital revolution, which is changing, in a very short period of time, the companies’ business models. From this perspective, and based on panel data for the 2009–2020 period, the study seeks to examine in depth the technological and innovative factors which are related to the entrepreneurial density in euro area countries, with special emphasis on self-employed entrepreneurs. The results obtained show that greater robotization of industrial activities generates entrepreneurial opportunities, while investment in R&D by companies is negatively related to entrepreneurial activity. It is also noteworthy that public investment in R&D and the greater volume of employment in scientific-technological sectors has not been significant in the generation of entrepreneurial opportunities. These conclusions make it possible to identify economic policies to promote entrepreneurial activity, such as training and the generation of a favorable environment for digital innovation and artificial intelligence, but also the incentive for intrapreneurial activity in companies that invest in R&D. |
| first_indexed | 2024-03-11T12:44:07Z |
| format | Article |
| id | doaj.art-c6a15b5d676c4f12904481714742854a |
| institution | Directory Open Access Journal |
| issn | 2662-9992 |
| language | English |
| last_indexed | 2024-04-24T23:09:42Z |
| publishDate | 2023-10-01 |
| publisher | Springer Nature |
| record_format | Article |
| series | Humanities & Social Sciences Communications |
| spelling | doaj.art-c6a15b5d676c4f12904481714742854a2024-03-17T12:18:29ZengSpringer NatureHumanities & Social Sciences Communications2662-99922023-10-0110111010.1057/s41599-023-02270-0Entrepreneurial activity in an environment of digital transformation: an analysis of relevant factors in the euro areaFrancisco del Olmo-García0Fernando Javier Crecente-Romero1María Teresa del Val-Núñez2María Sarabia-Alegría3Department of Economics and Business Administration, Institute of Economic and Social Analysis (IAES), Universidad de AlcaláDepartment of Economics and Business Administration, Institute of Economic and Social Analysis (IAES), Universidad de AlcaláDepartment of Economics and Business Administration, Institute of Economic and Social Analysis (IAES), Universidad de AlcaláDepartment of Economics and Business Administration, Institute of Economic and Social Analysis (IAES), Universidad de AlcaláAbstract The main feature of the current business reality is the speed of the changes in the environment and the uncertainty they generate. Among these changes, those which stand out for their importance are the ones related to the current digital revolution, which is changing, in a very short period of time, the companies’ business models. From this perspective, and based on panel data for the 2009–2020 period, the study seeks to examine in depth the technological and innovative factors which are related to the entrepreneurial density in euro area countries, with special emphasis on self-employed entrepreneurs. The results obtained show that greater robotization of industrial activities generates entrepreneurial opportunities, while investment in R&D by companies is negatively related to entrepreneurial activity. It is also noteworthy that public investment in R&D and the greater volume of employment in scientific-technological sectors has not been significant in the generation of entrepreneurial opportunities. These conclusions make it possible to identify economic policies to promote entrepreneurial activity, such as training and the generation of a favorable environment for digital innovation and artificial intelligence, but also the incentive for intrapreneurial activity in companies that invest in R&D.https://doi.org/10.1057/s41599-023-02270-0 |
| spellingShingle | Francisco del Olmo-García Fernando Javier Crecente-Romero María Teresa del Val-Núñez María Sarabia-Alegría Entrepreneurial activity in an environment of digital transformation: an analysis of relevant factors in the euro area Humanities & Social Sciences Communications |
| title | Entrepreneurial activity in an environment of digital transformation: an analysis of relevant factors in the euro area |
| title_full | Entrepreneurial activity in an environment of digital transformation: an analysis of relevant factors in the euro area |
| title_fullStr | Entrepreneurial activity in an environment of digital transformation: an analysis of relevant factors in the euro area |
| title_full_unstemmed | Entrepreneurial activity in an environment of digital transformation: an analysis of relevant factors in the euro area |
| title_short | Entrepreneurial activity in an environment of digital transformation: an analysis of relevant factors in the euro area |
| title_sort | entrepreneurial activity in an environment of digital transformation an analysis of relevant factors in the euro area |
| url | https://doi.org/10.1057/s41599-023-02270-0 |
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