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Scholars and governments presumed that growing the rate of entrepreneurs would naturally result in economic and job growth, and entrepreneurship has widely been viewed as an important tool for developing economies. Yet recently scholars have questioned the empirical evidence regarding the actual ...

Modern entrepreneurially driven capitalism is embedded in a global economy. Crucially, in this environment entrepreneurship must be viewed as a mobile resource. Entrepreneurs can thus "vote-with-their-feet" when deciding where to establish their businesses. The institutional context for entrepren...

This paper departs from the traditional analysis of the effects of risk aversion in entrepreneurship to study the determinants of entrepreneurial risk aversion in developing a new venture and becoming an entrepreneur. We took fear of failing as a proxy for risk aversion and applied our analysis t...

This article provides an introduction to the special issue of Academia, Revista Latinoamericana de Administración dedicated to the Global Entrepreneurship Monitor (GEM), project. As a region, the countries of Latin America and the Caribbean correspond to the second highest representation in GEM a...

This document analyzes the perception of small innovative enterprises (SIE) in Latin America towards the effectiveness of the legal protection of intellectual property rights (IPR). To analyze the costs of using IPR, we surveyed 352 SIEs from Chile, Colombia, Costa Rica, Ecuador, Mexico, and Peru...

Entrepreneurship has been associated with three categories of factors: (1) macroeconomic factors, such as unemployment and income; (2) factors related to government institutions, such as corruption and political stability; and (3) competitiveness-related factors, such as the capacity for innovati...

Scholars have articulated a number of arguments regarding the beneficial effects of opportunity-motivated (as opposed to necessity-driven) entrepreneurs, and this study delves somewhat deeper into this topic. First, this study uses the expectation of job creation over five years as a metric to me...