Institutional and economic determinants of the perception of opportunities and entrepreneurial intention

This paper aims to identify the institutional and economic factors that influence the perception of business opportunities, and the latter’s influence on entrepreneurial intention. We use an institutional approach for the Spanish Autonomous Regions for the period 2004-2010, based on the data availab...

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Bibliographic Details
Published in:Investigaciones regionales 2013-01 (26), p.75-96
Main Authors: Antoni Vidal-Suñé, María-Belén López-Panisello
Format: Article
Language:English
Subjects:
business creation
entrepreneurship
Online Access:Get full text
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Summary:This paper aims to identify the institutional and economic factors that influence the perception of business opportunities, and the latter’s influence on entrepreneurial intention. We use an institutional approach for the Spanish Autonomous Regions for the period 2004-2010, based on the data available in the regional GEM reports, supplemented by data from the INE (Instituto Nacional de Estadística - Spanish National Institute of Statistics). By applying a structural equation model, we observed that the perception of abilities (self-efficacy) positively and significantly affects both the perception of opportunities and entrepreneurial intention, and that the perception of opportunities affects entrepreneurial intention.
ISSN:1695-7253