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Impact of high‐growth start‐ups on entrepreneurial environment based on the level of national economic development
Author(s) -
MartínezFierro Salustiano,
BiedmaFerrer José María,
RuizNavarro José
Publication year - 2020
Publication title -
business strategy and the environment
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.123
H-Index - 105
eISSN - 1099-0836
pISSN - 0964-4733
DOI - 10.1002/bse.2413
Subject(s) - entrepreneurship , sustainable development , government (linguistics) , business , economic potential , economic system , economics , economic growth , finance , political science , linguistics , philosophy , law
In this paper, we examine the relationship between the conditions of the entrepreneurial environment and high‐potential entrepreneurship according to the stage of economic development of the country. A structural equation model was designed based on data from the Global Entrepreneurship Monitor project, which contains information about 62 countries. Our results suggest that economic development and high‐potential entrepreneurship have a greater impact on the entrepreneurial ecosystem than entrepreneurial activity in general—with special effects on government programs, R&D transfer, and access to the domestic market. Notably, the level of influence of sustainable economic development and high‐potential entrepreneurship depends on the level of economic development of the country.