Institutions and entrepreneurial ntention
Main Article Content
Keywords
Business creation, entrepreneurship, entrepreneurial spirit, formal institutions, informal institutions, institutional framework
Abstract
Objective: this research aimed to analyse the institutional framework that influences entrepreneurial intention (EI) in the department of Quindío, Colombia, taking into account the criteria of formal and informal institutions set out by the economist Douglass North. Method: a mixed and descriptive study was used, using a non-experimental, transversal methodology. Information was obtained from fourteen public and private institutions, four experts and 201 masters students. Results: it was found that the formal institutional framework to support entrepreneurship does not envisage the linking of strategic efforts towards the establishment of a regional policy for the creation of enterprises. With regard to informal institutions, it was found that there is little initiative in complex situations and low tolerance for failure. Discussions: therefore, the institutional policy to support entrepreneurship must have filters that allow for the optimization of the use of resources through the prioritization of initiatives that generate greater social and economic value, while at the same time promoting the development of entrepreneurial values in the population. Conclusions: the formal institutions that support entrepreneurship operate in a dispersed manner without a collaborative work scheme that promotes the achievement of common objectives to generate greater impacts. With regard to informal institutions, deficiencies in some business values can negatively influence EI.
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References
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Akter, M., Rahman, M., & Radičić, D. (2019). Revisiting feminism, entrepreneurship, and internationalization foundations to examine institutional factors affecting women-owned SMEs’ entry in foreign market. In The 3rd Development Economics Conference 2019. On Social Institutions and the Economic Performance of Nations, June 17th-19th, Lincoln International Business School, University of Lincoln, UK.
Álvarez, C., Martins, I. & López, T. (2017). El espíritu emprendedor de los estudiantes en Colombia. Resultados del Proyecto GUESSS Colombia 2016. Universidad Eafit. http://www.guesssurvey.org/resources/nat_2016/GUESSS_Report_2016_Colombia.pdf
Amanamah, R., Owuusu, E., & Acheampong, A. (2018). Barriers to entrepreneurial intention among university students in Ghana. European Journal of Research and Reflection in Educational Sciences, 6(1), 29-43. http://www.idpublications.org/ejrres-vol-6-no-1-2018/
Bastian, B., Munir, Y., & Yasmina, A. (2018). Women entrepreneurship in the Middle East and North Africa: A review of knowledge areas and research gaps. Gender in Management: An International Journal, 33(1), 14-29. https://doi.org/10.1108/GM-07-2016-0141
Bird, B. (1988). Implementing entrepreneurial ideas: the case for intention. Academy of Management Review, 13(3), 442-453. https://doi.org/10.5465/amr.1988.4306970
Butticè, B., Colombo, M., & Wright, M. (2017). Serial Crowdfunding, Social Capital, and Project Success. Entrepreneurship Theory and Practice, 41(2), 183-207. https://doi.org/10.1111/etap.12271
Carvalho, L. (2018). Entrepreneurship and Regional Development: State of the Art. Technology Transfer and Entrepreneurship, 5(2), 58-66. https://doi.org/10.2174/2213809906666190102111108
Chernysh, A. (2018). Institutionalization of the rules in Russian innovation policy in the 2000s. On the example of a business incubator in the Novosibirsk region. Ekonomicheskaya Sotsiologiya, 19(1), 25-61. https://ecsoc.hse.ru/en/2018-19-1/annot.html#doc_214612038
Chipeta, E., Kruse, P. & Surujlal, J. (2020). Effects of gender on antecedents to social entrepreneurship among university students in South Africa. International Journal of Business and Management Studies, 12(1), 18-33. https://jims-journal.org/JIMS-JOURNAL/Default.aspx
Díaz, J. (2003). La creación de empresas en Extremadura. Un análisis institucional. [Tesis doctoral] Universidad de Extremadura.
Elert, N. & Henrekson, M. (2017). Entrepreneurship and Institutions: A Bidirectional Relationship. Foundations and Trends in Entrepreneurship, 13(3), 191-263. http://dx.doi.org/10.1561/0300000073
Elliott, C., Mavriplis, C., & Anis, H. (2020). An entrepreneurship education and peer-mentoring program for women in STEM: mentors’ experiences and perceptions of entrepreneurial self-efficacy and intent. International Entrepreneurship and Management Journal, (16), 43-67. https://doi.org/10.1007/s11365-019-00624-2
Etskowitz, H., Lawton, H. Henry, C., & Poulovassilis, A. (2020). Introduction: pipeline break. In H. Lawton, C. Henry, H. Etzkowitz & A. Poulovassilis. Gender, Science and Innovation (pp. 1-14). Edward Elgar Publishing. https://doi.org/10.4337/9781786438973
Fini, R., Fu, K., Mathisen, M., Rasmussen, E., & Wright, M. (2017). Institutional determinants of university spin-off quantity and quality: a longitudinal, multilevel, cross-country study. Small Business Economics, 48(2), 361-391. https://doi.org/10.1007/s11187-016-9779-9
Fischer, B., Rücker, P., & Salati, G. (2019). Universities' institutional settings and academic entrepreneurship: Notes from a developing country. Technological Forecasting and Social Change, (147), 243-252. https://doi.org/10.1016/j.techfore.2019.07.009
Franco, N., Camelo, C., Fernandez, M. & Sousa, E. (2019). The Entrepreneurial Ecosystem: Actors and Performance in Different Stages of Evolution of Academic Spinoffs. Entrepreneurship Research Journal, 10(2), artículo 20180228. https://doi.org/10.1515/erj-2018-0228.
García, A., García., M. y Díaz, J. (2018). The individual’s perception of institutional environments and entrepreneurial motivation in developing economies: Evidence from Cape Verde. South African Journal of Economic and Management Sciences, 21(1), 1-18. https://doi.org/10.4102/sajems.v21i1.2377
Gimenez, D., Calabrò, A. & Urbano, D. (2020). The neglected role of formal and informal institutions in women’s entrepreneurship: a multi-level analisis. Journal of International Entrepreneurship, (18), 196–226. https://doi.org/10.1007/s10843-020-00270-8
Gómez-Núñez, L., López-Gómez, S., Hernández, N., Galvis-Maldonado, M., Varela, R., Moreno, J., Arias, A., Pereira, F., Parra, L., Matiz, F., Cediels, G., y Martínez, P. (2018). GEM Colombia. Estudio de la actividad empresarial en 2017. Editorial Universidad del Norte. https://www.gemconsortium.org/report/gem-colombia-2017-report
Haddad, G. (2017). Understanding women entrepreneurial motivations: Does age matter? In E. Sleilati (Ed). Lebanon: Social, Political and Economic Issues (pp. 65-84). Nova Science Publisher.
Hidalgo, L. Rialp, J. & Urbano, D. (2020). Are There Really Differences Between Social and Commercial Entrepreneurship in Developing Countries? An Institutional Approach. In J. Palma, J. Saiz and Á. Herrero. Handbook of Research on Smart Territories and Entrepreneurial Ecosystems for Social Innovation and Sustainable Growth (pp. 306-325). IGI Global. https://www.igi-global.com/chapter/are-there-really-differences-between-social-and-commercial-entrepreneurship-in-developing-countries/246541
Kuchař, P. (2016). Entrepreneurship and institutional change. The case of surrogate motherhood. Journal of Evolutionary Economics, 26(2), 349-379. https://doi.org/10.1007/s00191-015-0433-5
Lang, R., Fink, M., & Kibler, E. (2014). Understanding place-based entrepreneurship in rural Central Europe: A comparative institutional analysis. International Small Business Journal, 32(2), 204–227. https://doi.org/10.1177/0266242613488614
Ley 1014 de 2006. (2006, enero 26). Congreso de la República. Diario Oficial 51456. http://www.secretariasenado.gov.co/senado/basedoc/ley_1014_2006.html
Liñán, F. & Fayolle, A. (2015). A systematic literature review on entrepreneurial intentions: citation, thematic analyses, and research agenda. International Entrepreneurship and Management Journal, 11(4), 907-933. https://doi.org/10.1007/s11365-015-0356-5
Lowe, N. & Feldman, M. (2017). Institutional life within an entrepreneurial region. Geography Compass, 11(3), 1-10. https://doi.org/10.1111/gec3.12306
Mouselli, S. & Khalifa, B. (2017). Entrepreneurship in crisis: the determinants of syrian students’ entrepreneurial intentions. Business, Management and Education, 15(2), 159-173. https://doi.org/10.3846/bme.2017.386
Nenzhelele, T. (2014) Triggering Entrepreneurial Intensions through Experiential Learning in an Open Distance Learning Institution. Mediterranean Journal of Social Sciences, 5(16), 199-208. http://dx.doi.org/10.5901/mjss.2014.v5n16p199
Nordling, N. (2020). Public policy’s role and capability in fostering the emergence and evolution of entrepreneurial ecosystems: A case of ecosystem-based policy in Finland. Local Economy, 34(8), 807-824. https://doi.org/10.1177%2F0269094219896260
North, D. (1993a). Instituciones, cambio institucional y desempeño económico. Fondo de Cultura Económica. https://www.fce.com.ar/ar/libros/detalles.aspx?IDL=1763
North, D. (1993b). Institutions and Credible Commitment. Journal of Institutional and Theoretical Economics, 149(1), 11-23. https://www.jstor.org/stable/i40034115
North, D. (2000). La evolución histórica de las formas de gobierno. Revista de Economía Institucional, 2, 133-148. https://www.redalyc.org/pdf/419/41900207.pdf
Padilla, A., Del Aguila, A., Lockett, N. & Fuster, E. (2020). Entrepreneurial Universities and Sustainable Development. The Network Bricolage Process of Academic Entrepreneurs. Sustainability, 12(4), 1-17. https://doi.org/10.3390/su12041403
Parga, N., Vega, J. y Romo, C. (2019). Institutional management: The entrepreneurial intention of the farmers of Aguascalientes. Cuadernos de Administración, 35(65), 31-44. https://doi.org/10.25100/cdea.v35i65.7774.
Scafarto, F., Poggesi, S. & Mari, M. (2019). Entrepreneurial Intentions, Risk-Taking Propensity and Environmental Support: The Italian Experience. In A. Caputo and M. Pellegrini (Eds). The Anatomy of Entrepreneurial Decisions. Contributions to Management Science, (pp. 214-234). Springer. 10.1007/978-3-030-19685-1_10
Tao, J. (2016). A Literature Review on Institutional Change and Entrepreneurship. Open Journal of Business and Management, 4(4), 630-648. http://dx.doi.org/10.4236/ojbm.2016.44064
Tarapuez, E., Osorio, H. y Botero, J. (2013). Política de emprendimiento en Colombia, 2002-2010. Estudios Gerenciales, 29(128), 274-283. 10.1016/j.estger.2013.09.001.
Thompson, E. (2009). Individual entrepreneurial intent: Construct clarification and development of an internationally reliable metric. Entrepreneurship Theory and Practice, 33(3), 669–694. https://doi.org/10.1111/j.1540-6520.2009.00321.x
Ughetto, E., Audretsch, D., Rossi, M. & Lehmann, E. (2020). Female entrepreneurship in the digital era. Small Business Economics, (55), 305–312. https://doi.org/10.1007/s11187-019-00298-8
Urban, B. & Kujinga, L. (2017). The institutional environment and social entrepreneurship intentions. International Journal of Entrepreneurial, 23(4), 638-655. https://doi.org/10.1108/IJEBR-07-2016-0218
Urbano, D., Audretsch, D. & Aparicio, S. (2018). Twenty-five years of research on institutions, entrepreneurship, and economic growth: what has been learned?. Small Business Economics, 53(1), 21-49. https://doi.org/10.1007/s11187-018-0038-0
Urbano, D., Audretsch, D., Aparicio, S., & Noguera, M. (2020). Does entrepreneurial activity matter for economic growth in developing countries? The role of the institutional environment. International Entrepreneurship and Management Journal. 16, 1065–1099. https://doi.org/10.1007/s11365-019-00621-5
Ward, A., Hernández, B. & Sánchez, J. (2019). Entrepreneurial Potential and Gender Effects: The Role of Personality Traits in University Students’ Entrepreneurial Intentions. Frontiers in Psychology, (10), 1-18. https://doi.org/10.3389/fpsyg.2019.02700
Wegner, D., Teixeira, E., Thomas, E., & Maehler, A. (2020). University entrepreneurial push strategy and students’ entrepreneurial intention. International Journal of Entrepreneurial Behaviour & Research. 26(2), 307-325. https://doi.org/10.1108/IJEBR-10-2018-0648
Ahmed, T., Chandran, G., Klobas, J., Liñán, F. & Kokkalis, P. (2020). Entrepreneurship education programmes: How learning, inspiration and resources affect intentions for new venture creation in a developing economy. The International Journal of Management Education, 18(1), article 100327. https://doi.org/10.1016/j.ijme.2019.100327
Akter, M., Rahman, M., & Radičić, D. (2019). Revisiting feminism, entrepreneurship, and internationalization foundations to examine institutional factors affecting women-owned SMEs’ entry in foreign market. In The 3rd Development Economics Conference 2019. On Social Institutions and the Economic Performance of Nations, June 17th-19th, Lincoln International Business School, University of Lincoln, UK.
Álvarez, C., Martins, I. & López, T. (2017). El espíritu emprendedor de los estudiantes en Colombia. Resultados del Proyecto GUESSS Colombia 2016. Universidad Eafit. http://www.guesssurvey.org/resources/nat_2016/GUESSS_Report_2016_Colombia.pdf
Amanamah, R., Owuusu, E., & Acheampong, A. (2018). Barriers to entrepreneurial intention among university students in Ghana. European Journal of Research and Reflection in Educational Sciences, 6(1), 29-43. http://www.idpublications.org/ejrres-vol-6-no-1-2018/
Bastian, B., Munir, Y., & Yasmina, A. (2018). Women entrepreneurship in the Middle East and North Africa: A review of knowledge areas and research gaps. Gender in Management: An International Journal, 33(1), 14-29. https://doi.org/10.1108/GM-07-2016-0141
Bird, B. (1988). Implementing entrepreneurial ideas: the case for intention. Academy of Management Review, 13(3), 442-453. https://doi.org/10.5465/amr.1988.4306970
Butticè, B., Colombo, M., & Wright, M. (2017). Serial Crowdfunding, Social Capital, and Project Success. Entrepreneurship Theory and Practice, 41(2), 183-207. https://doi.org/10.1111/etap.12271
Carvalho, L. (2018). Entrepreneurship and Regional Development: State of the Art. Technology Transfer and Entrepreneurship, 5(2), 58-66. https://doi.org/10.2174/2213809906666190102111108
Chernysh, A. (2018). Institutionalization of the rules in Russian innovation policy in the 2000s. On the example of a business incubator in the Novosibirsk region. Ekonomicheskaya Sotsiologiya, 19(1), 25-61. https://ecsoc.hse.ru/en/2018-19-1/annot.html#doc_214612038
Chipeta, E., Kruse, P. & Surujlal, J. (2020). Effects of gender on antecedents to social entrepreneurship among university students in South Africa. International Journal of Business and Management Studies, 12(1), 18-33. https://jims-journal.org/JIMS-JOURNAL/Default.aspx
Díaz, J. (2003). La creación de empresas en Extremadura. Un análisis institucional. [Tesis doctoral] Universidad de Extremadura.
Elert, N. & Henrekson, M. (2017). Entrepreneurship and Institutions: A Bidirectional Relationship. Foundations and Trends in Entrepreneurship, 13(3), 191-263. http://dx.doi.org/10.1561/0300000073
Elliott, C., Mavriplis, C., & Anis, H. (2020). An entrepreneurship education and peer-mentoring program for women in STEM: mentors’ experiences and perceptions of entrepreneurial self-efficacy and intent. International Entrepreneurship and Management Journal, (16), 43-67. https://doi.org/10.1007/s11365-019-00624-2
Etskowitz, H., Lawton, H. Henry, C., & Poulovassilis, A. (2020). Introduction: pipeline break. In H. Lawton, C. Henry, H. Etzkowitz & A. Poulovassilis. Gender, Science and Innovation (pp. 1-14). Edward Elgar Publishing. https://doi.org/10.4337/9781786438973
Fini, R., Fu, K., Mathisen, M., Rasmussen, E., & Wright, M. (2017). Institutional determinants of university spin-off quantity and quality: a longitudinal, multilevel, cross-country study. Small Business Economics, 48(2), 361-391. https://doi.org/10.1007/s11187-016-9779-9
Fischer, B., Rücker, P., & Salati, G. (2019). Universities' institutional settings and academic entrepreneurship: Notes from a developing country. Technological Forecasting and Social Change, (147), 243-252. https://doi.org/10.1016/j.techfore.2019.07.009
Franco, N., Camelo, C., Fernandez, M. & Sousa, E. (2019). The Entrepreneurial Ecosystem: Actors and Performance in Different Stages of Evolution of Academic Spinoffs. Entrepreneurship Research Journal, 10(2), artículo 20180228. https://doi.org/10.1515/erj-2018-0228.
García, A., García., M. y Díaz, J. (2018). The individual’s perception of institutional environments and entrepreneurial motivation in developing economies: Evidence from Cape Verde. South African Journal of Economic and Management Sciences, 21(1), 1-18. https://doi.org/10.4102/sajems.v21i1.2377
Gimenez, D., Calabrò, A. & Urbano, D. (2020). The neglected role of formal and informal institutions in women’s entrepreneurship: a multi-level analisis. Journal of International Entrepreneurship, (18), 196–226. https://doi.org/10.1007/s10843-020-00270-8
Gómez-Núñez, L., López-Gómez, S., Hernández, N., Galvis-Maldonado, M., Varela, R., Moreno, J., Arias, A., Pereira, F., Parra, L., Matiz, F., Cediels, G., y Martínez, P. (2018). GEM Colombia. Estudio de la actividad empresarial en 2017. Editorial Universidad del Norte. https://www.gemconsortium.org/report/gem-colombia-2017-report
Haddad, G. (2017). Understanding women entrepreneurial motivations: Does age matter? In E. Sleilati (Ed). Lebanon: Social, Political and Economic Issues (pp. 65-84). Nova Science Publisher.
Hidalgo, L. Rialp, J. & Urbano, D. (2020). Are There Really Differences Between Social and Commercial Entrepreneurship in Developing Countries? An Institutional Approach. In J. Palma, J. Saiz and Á. Herrero. Handbook of Research on Smart Territories and Entrepreneurial Ecosystems for Social Innovation and Sustainable Growth (pp. 306-325). IGI Global. https://www.igi-global.com/chapter/are-there-really-differences-between-social-and-commercial-entrepreneurship-in-developing-countries/246541
Kuchař, P. (2016). Entrepreneurship and institutional change. The case of surrogate motherhood. Journal of Evolutionary Economics, 26(2), 349-379. https://doi.org/10.1007/s00191-015-0433-5
Lang, R., Fink, M., & Kibler, E. (2014). Understanding place-based entrepreneurship in rural Central Europe: A comparative institutional analysis. International Small Business Journal, 32(2), 204–227. https://doi.org/10.1177/0266242613488614
Ley 1014 de 2006. (2006, enero 26). Congreso de la República. Diario Oficial 51456. http://www.secretariasenado.gov.co/senado/basedoc/ley_1014_2006.html
Liñán, F. & Fayolle, A. (2015). A systematic literature review on entrepreneurial intentions: citation, thematic analyses, and research agenda. International Entrepreneurship and Management Journal, 11(4), 907-933. https://doi.org/10.1007/s11365-015-0356-5
Lowe, N. & Feldman, M. (2017). Institutional life within an entrepreneurial region. Geography Compass, 11(3), 1-10. https://doi.org/10.1111/gec3.12306
Mouselli, S. & Khalifa, B. (2017). Entrepreneurship in crisis: the determinants of syrian students’ entrepreneurial intentions. Business, Management and Education, 15(2), 159-173. https://doi.org/10.3846/bme.2017.386
Nenzhelele, T. (2014) Triggering Entrepreneurial Intensions through Experiential Learning in an Open Distance Learning Institution. Mediterranean Journal of Social Sciences, 5(16), 199-208. http://dx.doi.org/10.5901/mjss.2014.v5n16p199
Nordling, N. (2020). Public policy’s role and capability in fostering the emergence and evolution of entrepreneurial ecosystems: A case of ecosystem-based policy in Finland. Local Economy, 34(8), 807-824. https://doi.org/10.1177%2F0269094219896260
North, D. (1993a). Instituciones, cambio institucional y desempeño económico. Fondo de Cultura Económica. https://www.fce.com.ar/ar/libros/detalles.aspx?IDL=1763
North, D. (1993b). Institutions and Credible Commitment. Journal of Institutional and Theoretical Economics, 149(1), 11-23. https://www.jstor.org/stable/i40034115
North, D. (2000). La evolución histórica de las formas de gobierno. Revista de Economía Institucional, 2, 133-148. https://www.redalyc.org/pdf/419/41900207.pdf
Padilla, A., Del Aguila, A., Lockett, N. & Fuster, E. (2020). Entrepreneurial Universities and Sustainable Development. The Network Bricolage Process of Academic Entrepreneurs. Sustainability, 12(4), 1-17. https://doi.org/10.3390/su12041403
Parga, N., Vega, J. y Romo, C. (2019). Institutional management: The entrepreneurial intention of the farmers of Aguascalientes. Cuadernos de Administración, 35(65), 31-44. https://doi.org/10.25100/cdea.v35i65.7774.
Scafarto, F., Poggesi, S. & Mari, M. (2019). Entrepreneurial Intentions, Risk-Taking Propensity and Environmental Support: The Italian Experience. In A. Caputo and M. Pellegrini (Eds). The Anatomy of Entrepreneurial Decisions. Contributions to Management Science, (pp. 214-234). Springer. 10.1007/978-3-030-19685-1_10
Tao, J. (2016). A Literature Review on Institutional Change and Entrepreneurship. Open Journal of Business and Management, 4(4), 630-648. http://dx.doi.org/10.4236/ojbm.2016.44064
Tarapuez, E., Osorio, H. y Botero, J. (2013). Política de emprendimiento en Colombia, 2002-2010. Estudios Gerenciales, 29(128), 274-283. 10.1016/j.estger.2013.09.001.
Thompson, E. (2009). Individual entrepreneurial intent: Construct clarification and development of an internationally reliable metric. Entrepreneurship Theory and Practice, 33(3), 669–694. https://doi.org/10.1111/j.1540-6520.2009.00321.x
Ughetto, E., Audretsch, D., Rossi, M. & Lehmann, E. (2020). Female entrepreneurship in the digital era. Small Business Economics, (55), 305–312. https://doi.org/10.1007/s11187-019-00298-8
Urban, B. & Kujinga, L. (2017). The institutional environment and social entrepreneurship intentions. International Journal of Entrepreneurial, 23(4), 638-655. https://doi.org/10.1108/IJEBR-07-2016-0218
Urbano, D., Audretsch, D. & Aparicio, S. (2018). Twenty-five years of research on institutions, entrepreneurship, and economic growth: what has been learned?. Small Business Economics, 53(1), 21-49. https://doi.org/10.1007/s11187-018-0038-0
Urbano, D., Audretsch, D., Aparicio, S., & Noguera, M. (2020). Does entrepreneurial activity matter for economic growth in developing countries? The role of the institutional environment. International Entrepreneurship and Management Journal. 16, 1065–1099. https://doi.org/10.1007/s11365-019-00621-5
Ward, A., Hernández, B. & Sánchez, J. (2019). Entrepreneurial Potential and Gender Effects: The Role of Personality Traits in University Students’ Entrepreneurial Intentions. Frontiers in Psychology, (10), 1-18. https://doi.org/10.3389/fpsyg.2019.02700
Wegner, D., Teixeira, E., Thomas, E., & Maehler, A. (2020). University entrepreneurial push strategy and students’ entrepreneurial intention. International Journal of Entrepreneurial Behaviour & Research. 26(2), 307-325. https://doi.org/10.1108/IJEBR-10-2018-0648
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Nov 4, 2020
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Tarapuez-Chamorro , E.-I., Guzmán-Díaz, B.-E., & Hidalgo-Villota, M.-E. (2020). Institutions and entrepreneurial ntention. Desarrollo Gerencial, 12(2), 1–25. https://doi.org/10.17081/dege.12.2.4033
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