Authors: Sánchez A.M.
Publication: Universitat Autònoma de Barcelona
There are several environmental factors that can influence the likelihood of an individual to start a business. In this bachelor thesis, the impact of those factors is studied. This analysis is based on 69 countries from all over the world and uses cross-sectional data from the World Bank Data and Global Entrepreneurship Monitor. Some researchers (Doytch & Epperson, 2012; Shapero, 1978; Gibb & Ritchie, 1982) state that some factors such as an easy access to financing or a favourable internal market dynamics raise the desire to develop an idea meanwhile others hinder it, like the taxes that involve the whole process together (Baliamoune-Lutz & Garello, 2011). Focusing this research on the conceptual framework provided by the GEM, we analyse the dependence of the entrepreneurial intention on several factors such as financing, education, culture, market dynamics, entry regulation, government policy, R&D transfer and commercial and physical infrastructure. Empirical results are supported by graphs and regressions. Obtained results show that the inflation and education increase the creation of new firms, but taxes and procedures speed such as the registration of a property decrease it.