Abstract
It is essential to understand the variables that explain and predict the behaviour of starting up a new company in a regional context. This study aims to analyse the theoretical basis and predictive potential of the Global Entrepreneurship Monitor (GEM) data, considering the concerns and suggestions of other authors. In addition to an extensive literature review, a PLS-SEM methodology and data on variables and countries from the latest GEM report are used in this study. The results show that GEM reports have a sufficient theoretical foundation for quality studies in this field. In addition, a valid and reliable causal model is designed that includes all personal and contextual GEM variables. The hypotheses of the proposed model are based on the existing causal relationships in the literature, using GEM data in its formulation. The model is comprehensive and practical because it significantly predicts entrepreneurial behaviour, particularly entrepreneurial intention and action. The usefulness of this study is high, both for researchers, practitioners and institutions wishing to understand better and further promote entrepreneurial behaviour at a regional (country) level.
Highlights
The current importance of entrepreneurship has been highlighted by researchers and institutions related to start-ups [1,2]
Following the suggestions of other authors, this will be followed by the results according to the study’s objectives and the hypotheses set out in the model proposed in this paper [30]
The high degree of parallels in the number of variables, their classification, naming and content between the variables proposed by other authors and those included in Global Entrepreneurship Monitor (GEM) reports is confirmed
Summary
The current importance of entrepreneurship has been highlighted by researchers and institutions related to start-ups [1,2]. Gemconsortium.org, accessed on 21 June 2021) highlights that entrepreneurial activity is vital to all economies, arguably even more so after an economic and pandemic crisis [4,5]. For these reasons, entrepreneurship has become a key research topic in the world [6,7,8]. Entrepreneurship at the regional level has gained a special interest in recent years. This is because the contribution of entrepreneurship to regional development varies between regions, with the regional context regulating entrepreneurship in quantitative and qualitative terms [9,10,11]. Entrepreneurship at the regional level is very stable because of the temporal stability of certain variables on which it depends (e.g., culture) [10,11,12]
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