Factors related to the intention of starting a new business in El Salvador

Linda Lin-Chin Lin · Ana Vanessa Peña · Cheng‐Nan Chen

24 citations0/0 files storedAsia Pacific Management Review

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Entrepreneurship Studies and Influences Vocational and Entrepreneurial Education Migration, Ethnicity, and Economy

Abstract

Even though nowadays entrepreneurship is a universal concept, there are still some gaps between understanding entrepreneurs and entrepreneurship, specifically in developing countries like El Salvador; which is the smallest and the most densely populated country in Central America. The purpose of this paper is to fill this gap and provide solutions and suggestions for business administration students and people interested in becoming future entrepreneurs. The factors related to the intentions of starting a new business in El Salvador are the main problem for entrepreneurship in the country. The relevance to these problems is that there are many possibilities to improve the economy of the country, but there are not so many opportunities available for people to do it; furthermore, the lack of financial help and help from the government stops them from becoming entrepreneurs. In the literature review section, the principal factors related to the intention of starting a new business in El Salvador are presented. The literature review is based on other research reviews, general concepts and the researchers' review of opinions of El Salvador. The factors are as follows: cultural and social norms, lifestyle, entrepreneurial aptitudes, perceived opportunities, perceived capabilities and fear of failure and finally, intention of starting a new business. The methods used for this research includes a framework that is presented in order to give a better idea of the relation between the factors. In addition, the software SPSS for statistical analysis was used. Furthermore, a factor analysis, an ANOVA test and a correlation test were conducted in order to accept or reject the hypotheses proposed. The results show that: lifestyle and entrepreneurial aptitudes are strong related to perceived opportunities, perceived capabilities, the intention of starting a new business and negatively related to the fear of failure. Perceived opportunities and perceived capabilities are related to the intentions of starting a new business in El Salvador.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 24 citations exist upstream.

References

1997Dynamic capabilities and strategic management 2004Prior Knowledge, Potential Financial Reward, and Opportunity Identification 2008Entrepreneurship and competitiveness dynamics in Latin America 2004Start-ups, Venture Capitalists and the Capital Gains Tax 2013Institutional and economic determinants of the perception of opportunities and entrepreneurial intention

Cited by

2021Exploring antecedents of entrepreneurial intentions among females in an emerging economy 2018Public policies for entrepreneurship and internationalization 2022Resilience and entrepreneurship: a systematic review 2021Understanding the role of universities in fostering female entrepreneurship in the emerging ecosystem 2022Forces of Dynamic Capability and Incidence of Entrepreneurship: A Macroeconomic Policy Intervention Approach 2021Learning and innovation in youth-owned small businesses 2023The linkage between economic literacy and students’ intention of starting business: The mediating role of entrepreneurial alertness

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.