Predicting the Entrepreneurial Behaviour of Starting Up a New Company: A Regional Study Using PLS-SEM and Data from the Global Entrepreneurship Monitor

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.

Personality Traits and Business Environment for Entrepreneurial Motivation

“…This means that the greater the institutional requirements, the more likely motivation is to decrease. There are lots of studies that support the idea that business barriers negatively impact motivation (Martínez-González et al 2022;Suzuki et al 2002;Gohmann 2012;Taormina and Lao 2007;Munir et al 2019), though some other studies show that barriers are not always significant for motivation, firm growth (Xheneti and Bartlett 2012;Ur Rehman et al 2019), business climate (Çera et al 2019b), and sales of under-reporting firms (Williams and Krasniqi 2018). Considering the results, we can partially support the third hypothesis and state that ecological and technological barriers decrease entrepreneurial motivation.…”

“…Some researchers studied the relationship between entrepreneurial motivation and socioeconomic barriers and highlighted that individual motivation was negatively affected by social and economic issues (Yao et al 2016). According to Martínez-González et al (2022), entrepreneurs' sentiments and motivations are greatly influenced by their impressions of the business barriers. Taormina and Kin-Mei Taormina and Lao (2007) completed a quantitative study on the relationship between entrepreneurial motivation and business barriers, discovering that the former is impacted by motivation towards accomplishment, optimism about life, and social networking.…”

Entrepreneurial intentions of students from Latvia, Poland, and Ukraine: The role of perceived entrepreneurial education results

“…Other factors did not influence the growth of entrepreneurial intentions to such an extent. This clear advantage of ESE over other constructs is also reflected in the Global Entrepreneurship Monitor study (Martínez-González, Álvarez-Albelo, Mendoza-Jiménez, & Kobylinska, 2022). The perception of acquired knowledge at previous educational stages (PEER) was also of great importance, but was not as significant as ESE.…”

Sociological Model of Social Partnership in Higher Education Institutions Management

“…During council meetings, a range of shared problems are discussed, and joint decisions are made to address them, which require the involvement of participants' resources. Thus, the council assumes the role of a "partnership intermediary" for the interacting entities (Martínez-González, et al, 2022), (Baggio et al, 2019), (Kleimola & Leppisaari, 2022).…”