IJIMT 2017 Vol.8(1): 32-37 ISSN: 2010-0248
doi: 10.18178/ijimt.2017.8.1.698

The Main Factors Influencing Entrepreneurial Activities and Intentions within a Country — A Case Study of Spain

Dario Ortega-Anderez and Eugene Lai
Abstract— The paper investigates the main factors influencing the levels of entrepreneurial activity and intentions in a European country with Spain as a case study. The research consists of two parts: an exploratory study and a causal study. By analysing the responses from 90 students and graduates, the results of the exploratory study showed that awareness of entrepreneurship has helped to increase entrepreneurial intentions among younger people. Two key factors have been identified as the main contributors: Entrepreneurship curriculum and entrepreneurial activities and associated support offered in a learning environment. However, the results also showed that there has not been any statistical significant improvement in the past six years. By analysing the 2013 data collected from 36 countries published by Global Entrepreneurship Monitor (GEM), the results of the causal study showed that four key factors account for approximately 47% of the variation in the Nascent Entrepreneurship Rate in a country. They are a) economic development, b) culture (Hofstede’s cultural dimensions), c) access to financial capital, d) and access to human capital. The present study confirms that a U-shaped relationship continues to exist between Nascent Entrepreneurship Rate and economic development (GDP per capita) for GEM sampled countries.

Index Terms— Entrepreneurship, entrepreneurial intentions, nascent entrepreneurship rate.

D. Ortega-Anderez is with the School of Science and Technology, Nottingham Trent University, UK (e-mail: iamdari88@gmail.com).
E Lai is with the School of Science and Technology, Nottingham Trent University, UK (e-mail: eugene.lai@ntu.ac.uk).

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Cite: Dario Ortega-Anderez and Eugene Lai, " The Main Factors Influencing Entrepreneurial Activities and Intentions within a Country — A Case Study of Spain," International Journal of Innovation, Management and Technology vol. 8, no. 1, pp. 32-37, 2017.

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