Relações de influência de indicadores macroeconômicos na propensão ao risco de empreender

The Influence of Institutional Context on Entrepreneurship in Latin America

“…Although there are several studies focused on the evaluation of how entrepreneurship is impacted by or impacts the development of nations, this theme still does not have consensus in the academy, being quite controversial (Mota et al, 2017). Since entrepreneurial behavior is not a mechanistic or a homogeneous response to external pressures but is strongly influenced by complex and situational interactions that are different from internal and external factors (Welter & Smallbone, 2011).…”

“…There is also the concept of low applicability of the law. According to Mota et al (2017), in countries where entrepreneurship by necessity is more intense, as in the case of developing countries, a higher level of entrepreneurship is observed in the initial phase, that is, even if there is a risk of failure or fear of failure the ventures are started. In this case, the risk inclination acts in the urgency and in the imposition of structuring the enterprise, independently of the risk inherent to this activity.…”

“…According to Mota et al (2017), the macroeconomic environment of a country and the characteristics of the entrepreneur can be interrelated in such a way as to influence the predisposition to the risk of undertaking, since the macroeconomic variables and variables of entrepreneurship are complementary with respect to the decision to start a new venture, since it is a complex and multifaceted process. The authors add that the macroeconomic environment can provide an entrepreneurial scenario in a developed economy as well as in a developing economy, given that, for example, the economic slowdown causes growth in unemployment rates, which demands other income options, as it is the case to undertake.…”

“…Despite the relevance of the issue in emerging countries, the great majority of research relating the macroeconomic environment and entrepreneurship are directed to the reality of developed countries (Rojas & Siga, 2009;Mota et al, 2017). According to Rojas and Siga (2009), despite this, even in the context of countries in a more advanced economic stage, studies have shown that precarious economic conditions can lead individuals to endeavor as the only alternative for survival.…”

“…The role of entrepreneurship as an essential component of the economic and social development of countries has been a widely discussed theme in academic studies (Sepúlveda & Bonilla, 2014;Mota, Sobreira, Vale & Nogueira., 2017). Similarly, the analysis of motivations, conditioning factors and the environment in which entrepreneurship has been developed has also been the object of a better understanding of its influence, whether positive or negative, in the development of nations (Amorós, Borraz & Veiga, 2016).…”