The role of the entrepreneur in new technology-based firms (NTBFs): An analysis according to context development

Guillermo Andrés Zapata Huamaní, Sara Fernández López, Isabel Neira Gómez, Lucía Rey Ares

Research output: Contribution to journalArticle in a journalpeer-review

4 Scopus citations

Abstract

The importance of New Technology-Based Firms' (NTBFs) contribution to economic growth makes it necessary to understand the factors that condition their emergence. We use a logit model to measure the effect of individual characteristics of the entrepreneurial population on NTBF creation. The analysis is performed at global level, using the GEM database and distinguishing three groups of countries based on the country's development level (factor-, efficiency- and innovation-driven economies). Being under 35 years of age, having studied beyond secondary school, having work experience, knowing an entrepreneur personally and believing one has the ability to be an entrepreneur are factors with a positive and significant influence on technological entrepreneurship (TE). The results are similar independently of the context in which they were analysed. However, setting up NTBFs is more complex in factor-driven economies.

Original languageEnglish
Pages (from-to)26-42
Number of pages17
JournalRegional and Sectoral Economic Studies
Volume17
Issue number2
StatePublished - 1 Jul 2017
Externally publishedYes

Keywords

  • Economic development
  • Individual determinants
  • New Technology-Based Firms (NTBFs)
  • Technological entrepreneurship (TE)

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