Abstract
In the globalization era, technology absorption capacity is increasingly vital to own to improve the performance of entrepreneurial industry. The aim of this study was to elaborate the main role of technology absorption as the main determinant to boost the performance of global entrepreneurship. For the sake of analysis, the researchers took primary data from global entrepreneurship index (GEIINDEX, 2019) containing 137 countries that have been surveyed (Acs, 2019). The method of analysis used was path analysis model in recursive form derived from the experimental model of multiple regression method in form of ordinary least square (OLS). The results showed that technology absorption (TA) positively and significantly became the main determinant in improving the capacity and performance of global entrepreneurship, while the opportunity start-up (OS) was the supporting determinant. Shortly, the entrepreneurial industry should have the capacity of technology absorption and mastery to start a business (OS), improve capacity (ABT), and sustainably encourage the excellence of Global Entrepreneurship Performance (GEP)
Highlights
Globalization and technology absorption in Europe and Central Asia have been the leading study in Economics considering that technology absorption has been a necessary step to promote the development of human resources, production and innovation bases (Goldberg, 2008)
The absorption and mastery of technology become major requirements to the utilization of technology and innovation because opportunity start-up is not enough to be supported by human capital resources
It is undeniable that the capacity of technology absorption is getting important and highly necessary in this modern era
Summary
Globalization and technology absorption in Europe and Central Asia have been the leading study in Economics considering that technology absorption has been a necessary step to promote the development of human resources, production and innovation bases (Goldberg, 2008). Modern economic business sectors are demanded to have basic and strong Information and Communication Technology (ICT) in order to have the excellent, resilient, and sustainable global competitive performance. Regarding these circumstances, technology absorption (TA) and opportunity start-up (OS) are considered as 2 important dimensions of business capacity in modern economic fields as well as capital human capacity and competition (Acs, 2019; Prasetyo, 2020a). Acs (2019) elaborate the similarities, including risk acceptance, cultural support, technology absorption, and process innovation score which are very similar in three groups of countries (Acs, 2019). Thomas (2014) recommends the implication of relevant policies with technology and entrepreneurship that arise from diffusion model to be deeply investigated and concluded
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