Formal Institutional Factors Influencing the Entrepreneurial Intent in Quindío (Colombia)

Abstract

The objective of this research is to analyze the formal institutional framework that influences the intention to create companies in the department of Quindío (Colombia). The study is descriptive and uses the transversal-nature non-experimental methodology. According to the structure of the project and the type of information collected, the research is mixed natured. This work involves obtaining information from two groups of sources that were chosen by convenience: fourteen public and private institutions connected to entrepreneurship in the region, to which a semi-structured questionnaire was applied, and four experts on entrepreneurship on whom an unstructured interview was applied. The research uses the theoretical institutional framework proposed by Douglas North as regards formal institutions. The findings conclude that the works by the different formal entities that support entrepreneurship in Quindío is disperse and that they are not articulated in a specialized and collaborative work scheme that fosters the achievement of a common goal to generate a positive impact of greater magnitude at the departmental level.

Factores que determinan la intención emprendedora en América Latina

“…Las investigaciones realizadas concluyen que la IE está determinada por un conjunto heterogéneo de factores intrínsecos y extrínsecos (Tarapuez, 2016;Teixeira, Lopes, Rodrigues y Guerra, 2018;Trivedi, 2017), es decir, que esta se explica por medio de varios aspectos que en su conjunto definen por qué unas personas tienen mayores intenciones para crear su propia empresa.…”