Macroeconomic and institutional drivers of early failure among self-employed entrepreneurs

An analysis of the euro zone

Bibliographic Data

ID15068296
AuthorsFrancisco del Olmo-García (0000-0001-7922-942X, Universidad de Alcalá), Fernando Crecente-Romero (0000-0001-5728-1059, Universidad de Alcalá, corresponding author), María Sarabia (0000-0002-6296-2243, Universidad de Alcalá)
Year2020
Volume33
Issue1
Pages1830-1848
Publication date2020-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEconomic Research-Ekonomska Istraživanja (JOURNAL)
Journal identifiersISSN: 1331-677X • E-ISSN: 1848-9664
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/1331677x.2020.1754268
OpenAlexW3024364181
LanguageEN
Citations received1
References cited39

The development of entrepreneurial activity is essential to achieve sustainable economic growth and development in the euro area. However, the European institutions have not given the same importance to the failure of entrepreneurial activity and its causes. With this in mind, and considering the countries of the euro area, on the basis of Eurostat’s business demography data for the years 2008 to 2016, an analysis of panel data was conducted relating the early failure of self-employed entrepreneurs to their macroeconomic and institutional environment. The results thus show a negative relationship with respect to the quality of formal institutions, entrepreneurial culture and social norms, the efficiency of goods markets and entrepreneurial freedom. On the other hand, a positive relationship is shown with respect to the high status assigned to successful entrepreneurs

Business · Economic freedom · Economic system · Economics · Entrepreneurship · Market economy · Panel data · Political science · Sustainable development · Corporate Finance and Governance · Entrepreneurship Studies and Influences · Private Equity and Venture Capital · Finance

Tools

Open DOIOpen Access