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Entrepreneurial quality and regional development: Characterizing SME sectors in low income areas *
Author(s) -
FernándezSerrano José,
Romero Isidoro
Publication year - 2013
Publication title -
papers in regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.937
H-Index - 64
eISSN - 1435-5957
pISSN - 1056-8190
DOI - 10.1111/j.1435-5957.2012.00421.x
Subject(s) - business , quality (philosophy) , entrepreneurial orientation , entrepreneurship , small and medium sized enterprises , industrial organization , economic geography , value (mathematics) , marketing , economics , finance , philosophy , epistemology , machine learning , computer science
This paper analyses the characteristics of SMEs in less‐developed areas in comparison with more advanced economies. The conceptual framework includes different factors making up the so‐called ‘entrepreneurial quality’ of the SME sector: the personal characteristics of the entrepreneurs (motivations and previous experience), different dimensions of the SMEs’ entrepreneurial orientation, and the patterns of the SMEs’ insertion in national and global value chains. The empirical analysis uses data of SMEs in four different Spanish provinces representing examples of low income economies and comparatively high income ones, respectively. Results show the SMEs in the low income economies to be characterized by a lower entrepreneurial quality.