ISSN 2736-1721
Global Journal of Business Management ISSN 6731-4538 Vol. 6 (4), pp. 001-006, April, 2012. © International Scholars Journals
Full Length Research Paper
Factors determining the entrepreneurial consolidation in Latin America
Agustín Álvarez Herranz1*, Pilar Valencia de Lara2, Santiago Barraza3 and Ana María Legato3
1Department of Econometric, Faculty of Economic and Business Sciences, University of Castilla-La Mancha, Plza. de la Universidad, 1. 02071-Albacete, Spain.
2Department of Business Administration, Faculty of Social Sciences, University of Castilla-La Mancha, Avda. de los Alfares, 44. 16071-Cuenca, Spain.
3Faculty of Economic Sciences, National University for the Center of the Province of Buenos, Gral. Pinto 399, C. P. B7000GHG, Tandil-Buenos Aíres-Argentina.
Accepted 16 September, 2011
Abstract
In this paper, we analyze the factors determining the entrepreneurial consolidation in Latin American countries participating in the Global Entrepreruship Monitor project (GEM). We include in our research both the entrepreneur and social characteristics that lead to business consolidation. Our research is based in the analysis of such characteristics in a sample of seven Latin American countries during years 2006 and 2007 by developing a multi-equation model with panel data.
Key words: Entrepreneurial motivation, business consolidation, Latin America.